ENGN vs UDR: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and UDR, Inc. (UDR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and UDR?
Across a 3-year window, the weekly returns of ENGN and UDR correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.19 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -635.6 %².
By 3-year correlation, UDR places #16 of the 35 assets tracked against ENGN. Their recent paths diverged sharply: over the last 12 months UDR outperformed by 55.4 percentage points (-56.0% for ENGN against -0.6% for UDR). Note the risk asymmetry: ENGN runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UDR: side by side
| ENGN (enGene Therapeutics Inc.) | UDR (UDR, Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -0.6% |
| 5-year return | -80.6% | -15.5% |
| Volatility (ann.) | 156.3% | 21.1% |
| Beta vs S&P 500 | -0.97 | 0.54 |
| Max drawdown (3Y) | -94.9% | -24.9% |
| Market cap | $0.1B | $13.6B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 4.56% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ENGN | UDR |
|---|---|---|
| 2022 | – | -33.4% |
| 2023 | -10.6% | +3.1% |
| 2024 | -28.0% | +18.3% |
| 2025 | +35.8% | -11.8% |
| 2026 | -78.8% | +4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and UDR good diversifiers for each other?
Yes. With a correlation of -0.19, ENGN and UDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENGN and UDR?
The ENGN/UDR correlation stands at -0.19 on a 3-year window (1 year: -0.06, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is UDR a good diversifier for ENGN?
Yes. With a correlation of -0.19, ENGN and UDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: ENGN correlations · UDR correlations
