ENGNW vs. ^GSPC
ENGNW (enGene Holdings Inc. Warrants) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past year, ENGNW returned -60.84% vs 20.07% for ^GSPC. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
ENGNW vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ENGNW achieves a -90.21% return, which is significantly lower than ^GSPC's 9.41% return.
ENGNW
- 1D
- -17.18%
- 1M
- -0.03%
- 6M
- -89.46%
- YTD
- -90.21%
- 1Y
- -60.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -29.27%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $1.35K | $763.55 | $3.15K |
ENGNW vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENGNW enGene Holdings Inc. Warrants | -90.21% | 251.00% | -0.79% | 13.33% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 13.74% |
Correlation
The correlation between ENGNW and ^GSPC is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.10 |
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Return for Risk
ENGNW vs. ^GSPC — Risk / Return Rank
ENGNW
^GSPC
ENGNW vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for enGene Holdings Inc. Warrants (ENGNW) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENGNW | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 2.00 | -2.71 |
| Martin ratioReturn relative to average drawdown | -1.30 | 8.49 | -9.79 |
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Drawdowns
ENGNW vs. ^GSPC - Drawdown Comparison
The maximum ENGNW drawdown since its inception was -98.12%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ENGNW and ^GSPC.
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Drawdown Indicators
| ENGNW | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -56.78% | -41.34% |
Max Drawdown (1Y)Largest decline over 1 year | -97.14% | -9.10% | -88.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -95.46% | -1.58% | -93.88% |
Average DrawdownAverage peak-to-trough decline | -66.28% | -10.70% | -55.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.04% | 2.14% | +50.90% |
Volatility
ENGNW vs. ^GSPC - Volatility Comparison
enGene Holdings Inc. Warrants (ENGNW) has a higher volatility of 53.40% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that ENGNW's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENGNW | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.40% | 3.51% | +49.89% |
Volatility (6M)Calculated over the trailing 6-month period | 275.65% | 10.11% | +265.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 297.96% | 12.87% | +285.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 257.49% | 17.01% | +240.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 257.49% | 18.07% | +239.42% |
Frequently Asked Questions
ENGNW and ^GSPC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENGNW has higher volatility (53.40%) compared to ^GSPC (3.51%). In terms of maximum drawdown, ENGNW dropped -98.12% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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