ENGNW vs. ^GSPC

Last updated Jul 11, 2026

ENGNW (enGene Holdings Inc. Warrants) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past year, ENGNW returned -65.59% vs 21.02% for ^GSPC. At a 0.11 correlation, their price movements are largely independent.

Performance

ENGNW vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in enGene Holdings Inc. Warrants (ENGNW) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENGNW achieves a -89.19% return, which is significantly lower than ^GSPC's 10.66% return.

ENGNW

• 1D: 0.00%
• 1M: 20.75%
• 6M: -88.41%
• YTD: -89.19%
• 1Y: -65.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.42%
• 1M: 1.94%
• 6M: 8.74%
• YTD: 10.66%
• 1Y: 21.02%
• 3Y*: 19.50%
• 5Y*: 11.63%
• 10Y*: 13.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENGNW vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ENGNW enGene Holdings Inc. Warrants	-89.19%	251.00%	-0.79%	13.33%
^GSPC S&P 500 Index	10.66%	16.39%	23.31%	13.74%

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 1, 2023	0.11

Return for Risk

ENGNW vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENGNW

ENGNW Risk / Return Rank: 47
ENGNW Sharpe Ratio Rank: 35
ENGNW Sortino Ratio Rank: 82
ENGNW Omega Ratio Rank: 89
ENGNW Calmar Ratio Rank: 19
ENGNW Martin Ratio Rank: 11

^GSPC

^GSPC Risk / Return Rank: 77
^GSPC Sharpe Ratio Rank: 76
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 80
^GSPC Calmar Ratio Rank: 70
^GSPC Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	-0.22	1.65	-1.88
Sortino ratio: Return per unit of downside risk	2.13	2.28	-0.15
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.68	2.28	-2.95
Martin ratio: Return relative to average drawdown	-1.32	9.88	-11.20

ENGNW vs. ^GSPC - Sharpe Ratio Comparison

The current ENGNW Sharpe Ratio is -0.22, which is lower than the ^GSPC Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ENGNW and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ENGNW	^GSPC	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-94.98%	-0.45%	-94.53%
Average Drawdown Average peak-to-trough decline	-65.64%	-10.71%	-54.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.74%	2.09%	+47.65%

Volatility

ENGNW vs. ^GSPC - Volatility Comparison

enGene Holdings Inc. Warrants (ENGNW) has a higher volatility of 54.61% compared to S&P 500 Index (^GSPC) at 4.25%. 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.

Volatility by Period

	ENGNW	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	54.61%	4.25%	+50.36%
Volatility (6M) Calculated over the trailing 6-month period	273.11%	9.96%	+263.15%
Volatility (1Y) Calculated over the trailing 1-year period	295.52%	12.52%	+283.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	258.45%	17.00%	+241.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	258.45%	18.05%	+240.40%

Frequently Asked Questions

Can I hold both ENGNW and ^GSPC in my portfolio?

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.

Which is riskier, ENGNW or ^GSPC?

ENGNW has higher volatility (54.61%) compared to ^GSPC (4.25%). In terms of maximum drawdown, ENGNW dropped -98.12% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (1.65 vs -0.22), 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.