AVBP vs HQL: Correlation
ArriVent BioPharma, Inc. (AVBP) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and HQL?
Over the past 3 years, AVBP and HQL moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 593.0 %².
HQL is one of the assets that tracks AVBP most closely: it ranks #3 out of the 17 assets we track against AVBP. On 12-month performance HQL holds a 14.5-point edge, +61.4% against +75.9%. Note the risk asymmetry: AVBP runs 2.2 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.
AVBP vs HQL: side by side
| AVBP (ArriVent BioPharma, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +61.4% | +75.9% |
| 5-year return | n/a | +74.1% |
| Volatility (ann.) | 52.7% | 23.5% |
| Beta vs S&P 500 | 1.06 | 0.88 |
| Max drawdown (3Y) | -54.3% | -25.1% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBP | HQL |
|---|---|---|
| 2022 | – | -19.2% |
| 2023 | – | +4.2% |
| 2024 | – | +11.0% |
| 2025 | -24.5% | +45.5% |
| 2026 | +54.1% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and HQL good diversifiers for each other?
Reasonably. At 0.48, AVBP and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVBP and HQL?
As of 2026-08-27, the correlation of weekly returns between AVBP and HQL is 0.48 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is HQL a good diversifier for AVBP?
Reasonably. At 0.48, AVBP and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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
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[](https://www.pairbook.io/pair/avbp-vs-hql/)
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Related comparisons
Hubs: AVBP correlations · HQL correlations
