AOD vs SHC: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and Sotera Health Company (SHC) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and SHC?
On 3 years of weekly data the AOD/SHC correlation comes out at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.50). The 5-year figure is 0.39, and annualized covariance runs at 309.1 %².
Among the 26 assets we track against AOD, SHC ranks #16 by 3-year correlation. Over the last 12 months AOD came out ahead by 13.7 percentage points (+31.8% against +18.1%). Note the risk asymmetry: SHC runs 2.6 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.
AOD vs SHC: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | SHC (Sotera Health Company) | |
|---|---|---|
| 1-year return | +31.8% | +18.1% |
| 5-year return | +70.1% | -21.9% |
| Volatility (ann.) | 15.4% | 40.4% |
| Beta vs S&P 500 | 0.81 | 1.09 |
| Max drawdown (3Y) | -16.7% | -43.5% |
| Market cap | $1.1B | $5.6B |
| P/E (trailing) | 4.1 | 34.2 |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | SHC |
|---|---|---|
| 2022 | -17.1% | -64.6% |
| 2023 | +12.7% | +102.3% |
| 2024 | +16.1% | -18.8% |
| 2025 | +32.1% | +28.9% |
| 2026 | +18.1% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and SHC good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AOD and SHC?
The AOD/SHC correlation stands at 0.50 on a 3-year window (1 year: 0.62, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is SHC a good diversifier for AOD?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/aod-vs-shc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-shc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOD correlations · SHC correlations
