ENGN vs UPC: Correlation
enGene Therapeutics Inc. (ENGN) and Universe Pharmaceuticals Inc - Class A (UPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and UPC?
Across a 3-year window, the weekly returns of ENGN and UPC correlate at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.31). Stretching to 5 years gives 0.29, with an annualized covariance of 9183.2 %².
By 3-year correlation, UPC places #5 of the 35 assets tracked against ENGN. Correlation aside, the last 12 months split them widely, with UPC ahead by 93.0 points (-56.0% versus +37.0%).
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 UPC: side by side
| ENGN (enGene Therapeutics Inc.) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | -56.0% | +37.0% |
| 5-year return | -80.6% | -99.9% |
| Volatility (ann.) | 156.3% | 187.7% |
| Beta vs S&P 500 | -0.97 | 2.00 |
| Max drawdown (3Y) | -94.9% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | UPC |
|---|---|---|
| 2022 | – | -11.3% |
| 2023 | -10.6% | -76.9% |
| 2024 | -28.0% | -98.0% |
| 2025 | +35.8% | -84.4% |
| 2026 | -78.8% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and UPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENGN and UPC?
As of 2026-08-27, the correlation of weekly returns between ENGN and UPC is 0.31 over 3 years, 0.14 over 1 year and 0.29 over 5 years.
Is UPC a good diversifier for ENGN?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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-upc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/engn-vs-upc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENGN correlations · UPC correlations
