ENGN vs THRM: Correlation
enGene Therapeutics Inc. (ENGN) and Gentherm Inc (THRM) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and THRM?
On 3 years of weekly data the ENGN/THRM correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.28). The 5-year figure is -0.21, and annualized covariance runs at -1567.5 %².
Among the 35 assets we track against ENGN, THRM ranks #30 by 3-year correlation. The last year tells two different stories: THRM led by 64.6 percentage points, -56.0% for ENGN against +8.6% for THRM. Risk is not evenly split, since ENGN carries 4.3 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 THRM: side by side
| ENGN (enGene Therapeutics Inc.) | THRM (Gentherm Inc) | |
|---|---|---|
| 1-year return | -56.0% | +8.6% |
| 5-year return | -80.6% | -54.0% |
| Volatility (ann.) | 156.3% | 36.4% |
| Beta vs S&P 500 | -0.97 | 1.04 |
| Max drawdown (3Y) | -94.9% | -61.8% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | 47.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | THRM |
|---|---|---|
| 2022 | – | -24.9% |
| 2023 | -10.6% | -19.8% |
| 2024 | -28.0% | -23.8% |
| 2025 | +35.8% | -8.9% |
| 2026 | -78.8% | +11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and THRM good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENGN and THRM?
The ENGN/THRM correlation stands at -0.28 on a 3-year window (1 year: 0.01, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is THRM a good diversifier for ENGN?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/engn-vs-thrm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/engn-vs-thrm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENGN correlations · THRM correlations
