AGIO vs HQH: Correlation
Measured on weekly returns over the past three years, Agios Pharmaceuticals, Inc. (AGIO) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIO and HQH?
Across a 3-year window, the weekly returns of AGIO and HQH correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 637.0 %².
Among the 14 assets we track against AGIO, HQH ranks #5 by 3-year correlation. The last year tells two different stories: HQH led by 72.5 percentage points, -12.7% for AGIO against +59.8% for HQH. Note the risk asymmetry: AGIO runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGIO vs HQH: side by side
| AGIO (Agios Pharmaceuticals, Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -12.7% | +59.8% |
| 5-year return | -22.1% | +51.1% |
| Volatility (ann.) | 64.3% | 21.8% |
| Beta vs S&P 500 | 1.80 | 0.83 |
| Max drawdown (3Y) | -63.8% | -21.1% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIO | HQH |
|---|---|---|
| 2022 | -14.6% | -17.3% |
| 2023 | -20.7% | +1.2% |
| 2024 | +47.6% | +10.2% |
| 2025 | -17.2% | +34.1% |
| 2026 | +25.9% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIO and HQH good diversifiers for each other?
Reasonably. At 0.45, AGIO and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGIO and HQH?
As of 2026-08-27, the correlation of weekly returns between AGIO and HQH is 0.45 over 3 years, 0.37 over 1 year and 0.45 over 5 years.
Is HQH a good diversifier for AGIO?
Reasonably. At 0.45, AGIO and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/agio-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agio-vs-hqh/)
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Related comparisons
Hubs: AGIO correlations · HQH correlations
