ACET vs HQH: Correlation
Measured on weekly returns over the past three years, Adicet Bio, Inc. (ACET) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACET and HQH?
Over the past 3 years, ACET and HQH moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 800.9 %².
By 3-year correlation, HQH places #4 of the 15 assets tracked against ACET. The last year tells two different stories: HQH led by 85.3 percentage points, -25.5% for ACET against +59.8% for HQH. Risk is not evenly split, since ACET carries 3.7 times the volatility of the other side.
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.
ACET vs HQH: side by side
| ACET (Adicet Bio, Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -25.5% | +59.8% |
| 5-year return | -93.0% | +51.1% |
| Volatility (ann.) | 80.6% | 21.8% |
| Beta vs S&P 500 | 1.88 | 0.83 |
| Max drawdown (3Y) | -88.9% | -21.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACET | HQH |
|---|---|---|
| 2022 | -48.9% | -17.3% |
| 2023 | -78.9% | +1.2% |
| 2024 | -49.1% | +10.2% |
| 2025 | -45.3% | +34.1% |
| 2026 | +7.0% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACET and HQH good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACET and HQH?
As of 2026-08-27, the correlation of weekly returns between ACET and HQH is 0.46 over 3 years, 0.37 over 1 year and 0.39 over 5 years.
Is HQH a good diversifier for ACET?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acet-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acet-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACET correlations · HQH correlations
