ENGN vs SILC: Correlation
enGene Therapeutics Inc. (ENGN) and Silicom Ltd (SILC) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and SILC?
On 3 years of weekly data the ENGN/SILC correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.27 over 3 years. The 5-year figure is -0.24, and annualized covariance runs at -2348.4 %².
Among the 35 assets we track against ENGN, SILC ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SILC outperformed by 249.1 percentage points (-56.0% for ENGN against +193.1% for SILC). Risk is not evenly split, since ENGN carries 2.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ENGN vs SILC: side by side
| ENGN (enGene Therapeutics Inc.) | SILC (Silicom Ltd) | |
|---|---|---|
| 1-year return | -56.0% | +193.1% |
| 5-year return | -80.6% | +6.1% |
| Volatility (ann.) | 156.3% | 54.8% |
| Beta vs S&P 500 | -0.97 | 0.98 |
| Max drawdown (3Y) | -94.9% | -56.5% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | SILC |
|---|---|---|
| 2022 | – | -18.3% |
| 2023 | -10.6% | -57.1% |
| 2024 | -28.0% | -9.9% |
| 2025 | +35.8% | -9.9% |
| 2026 | -78.8% | +224.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and SILC good diversifiers for each other?
Yes. With a correlation of -0.27, ENGN and SILC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENGN and SILC?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.04 over the last year and -0.24 over 5 years.
Is SILC a good diversifier for ENGN?
Yes. With a correlation of -0.27, ENGN and SILC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/engn-vs-silc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/engn-vs-silc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENGN correlations · SILC correlations
