ENGN vs VRSN: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and Verisign (VRSN) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and VRSN?
Over the past 3 years, ENGN and VRSN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.23 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -845.0 %².
Among the 35 assets we track against ENGN, VRSN ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VRSN outperformed by 65.6 percentage points (-56.0% for ENGN against +9.6% for VRSN). Note the risk asymmetry: ENGN runs 6.8 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 VRSN: side by side
| ENGN (enGene Therapeutics Inc.) | VRSN (Verisign) | |
|---|---|---|
| 1-year return | -56.0% | +9.6% |
| 5-year return | -80.6% | +38.8% |
| Volatility (ann.) | 156.3% | 23.1% |
| Beta vs S&P 500 | -0.97 | 0.50 |
| Max drawdown (3Y) | -94.9% | -30.2% |
| Market cap | $0.1B | $26.6B |
| P/E (trailing) | – | 31.9 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ENGN | VRSN |
|---|---|---|
| 2022 | – | -19.1% |
| 2023 | -10.6% | +0.3% |
| 2024 | -28.0% | +0.5% |
| 2025 | +35.8% | +18.4% |
| 2026 | -78.8% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and VRSN good diversifiers for each other?
Yes. With a correlation of -0.23, ENGN and VRSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENGN and VRSN?
As of 2026-08-27, the correlation of weekly returns between ENGN and VRSN is -0.23 over 3 years, -0.09 over 1 year and -0.17 over 5 years.
Is VRSN a good diversifier for ENGN?
Yes. With a correlation of -0.23, ENGN and VRSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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 · VRSN correlations
