ACET vs HQL: Correlation
Measured on weekly returns over the past three years, Adicet Bio, Inc. (ACET) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) 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 HQL?
On 3 years of weekly data the ACET/HQL correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 873.4 %².
Among the 15 assets we track against ACET, HQL ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HQL ahead by 101.4 points (-25.5% versus +75.9%). One caveat on sizing: ACET is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HQL: side by side
| ACET (Adicet Bio, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -25.5% | +75.9% |
| 5-year return | -93.0% | +74.1% |
| Volatility (ann.) | 80.6% | 23.5% |
| Beta vs S&P 500 | 1.88 | 0.88 |
| Max drawdown (3Y) | -88.9% | -25.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACET | HQL |
|---|---|---|
| 2022 | -48.9% | -19.2% |
| 2023 | -78.9% | +4.2% |
| 2024 | -49.1% | +11.0% |
| 2025 | -45.3% | +45.5% |
| 2026 | +7.0% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACET and HQL 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 HQL?
The ACET/HQL correlation stands at 0.46 on a 3-year window (1 year: 0.37, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is HQL 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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acet-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acet-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACET correlations · HQL correlations
