AURA vs HQH: Correlation
Aura Biosciences, Inc. (AURA) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURA and HQH?
On 3 years of weekly data the AURA/HQH correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.55 over 3. The 5-year figure is 0.41, and annualized covariance runs at 841.6 %².
Few assets follow AURA as closely as HQH, which ranks #3 of 18 tracked partners. The last year tells two different stories: HQH led by 40.2 percentage points, +19.6% for AURA against +59.8% for HQH. Note the risk asymmetry: AURA runs 3.2 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.
AURA vs HQH: side by side
| AURA (Aura Biosciences, Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +19.6% | +59.8% |
| 5-year return | -48.0% | +51.1% |
| Volatility (ann.) | 70.5% | 21.8% |
| Beta vs S&P 500 | 2.01 | 0.83 |
| Max drawdown (3Y) | -59.1% | -21.1% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURA | HQH |
|---|---|---|
| 2022 | -38.2% | -17.3% |
| 2023 | -15.6% | +1.2% |
| 2024 | -7.2% | +10.2% |
| 2025 | -33.7% | +34.1% |
| 2026 | +41.3% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURA and HQH good diversifiers for each other?
Only partially. A correlation of 0.55 means AURA and HQH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AURA and HQH?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.50 over the last year and 0.41 over 5 years.
Is HQH a good diversifier for AURA?
Only partially. A correlation of 0.55 means AURA and HQH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/aura-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aura-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AURA correlations · HQH correlations
