AURA vs HQL: Correlation
Aura Biosciences, Inc. (AURA) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURA and HQL?
Over the past 3 years, AURA and HQL moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 954.0 %².
In AURA's tracked universe of 18 assets, HQL sits right near the top at #2. Correlation aside, the last 12 months split them widely, with HQL ahead by 56.3 points (+19.6% versus +75.9%). One caveat on sizing: AURA is 3.0 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.
AURA vs HQL: side by side
| AURA (Aura Biosciences, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +19.6% | +75.9% |
| 5-year return | -48.0% | +74.1% |
| Volatility (ann.) | 70.5% | 23.5% |
| Beta vs S&P 500 | 2.01 | 0.88 |
| Max drawdown (3Y) | -59.1% | -25.1% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AURA | HQL |
|---|---|---|
| 2022 | -38.2% | -19.2% |
| 2023 | -15.6% | +4.2% |
| 2024 | -7.2% | +11.0% |
| 2025 | -33.7% | +45.5% |
| 2026 | +41.3% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURA and HQL good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AURA and HQL?
The AURA/HQL correlation stands at 0.58 on a 3-year window (1 year: 0.59, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for AURA?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aura-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aura-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AURA correlations · HQL correlations
