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 -72.60% vs 24.32% for ^GSPC. At a 0.10 correlation, their price movements are largely independent.
Performance
ENGNW vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ENGNW achieves a -91.55% return, which is significantly lower than ^GSPC's 7.86% return.
ENGNW
- 1D
- -10.68%
- 1M
- -90.08%
- YTD
- -91.55%
- 6M
- -89.71%
- 1Y
- -72.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
ENGNW vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENGNW enGene Holdings Inc. Warrants | -91.55% | 251.00% | -0.79% | -15.00% |
^GSPC S&P 500 Index | 7.86% | 16.39% | 23.31% | 12.55% |
Correlation
The correlation between ENGNW and ^GSPC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 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.
| ENGNW | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.69 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.77 | 12.34 | -14.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENGNW | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.01 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.47 | -0.63 |
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 | -96.08% | -2.97% | -93.11% |
Average DrawdownAverage peak-to-trough decline | -64.68% | -10.72% | -53.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.10% | 1.97% | +39.13% |
Volatility
ENGNW vs. ^GSPC - Volatility Comparison
enGene Holdings Inc. Warrants (ENGNW) has a higher volatility of 255.32% compared to S&P 500 Index (^GSPC) at 3.82%. 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 | 255.32% | 3.82% | +251.50% |
Volatility (6M)Calculated over the trailing 6-month period | 268.96% | 9.41% | +259.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 292.88% | 12.20% | +280.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 260.36% | 16.93% | +243.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 260.36% | 18.08% | +242.28% |
Frequently Asked Questions
ENGNW and ^GSPC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENGNW has higher volatility (255.32%) compared to ^GSPC (3.82%). In terms of maximum drawdown, ENGNW dropped -98.12% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.01 vs -0.25), 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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