BIIB vs HQH: Correlation
Biogen (BIIB) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIIB and HQH?
Over the past 3 years, BIIB and HQH moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.47 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 305.6 %².
Within BIIB's tracked universe of 32 assets, HQH comes in at #11 by 3-year correlation. Their 12-month results are close: +62.4% for BIIB against +59.8% for HQH.
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.
BIIB vs HQH: side by side
| BIIB (Biogen) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +62.4% | +59.8% |
| 5-year return | -35.7% | +51.1% |
| Volatility (ann.) | 30.1% | 21.8% |
| Beta vs S&P 500 | 0.53 | 0.83 |
| Max drawdown (3Y) | -57.7% | -21.1% |
| Market cap | $32.7B | – |
| P/E (trailing) | 39.2 | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BIIB | HQH |
|---|---|---|
| 2022 | +15.4% | -17.3% |
| 2023 | -6.6% | +1.2% |
| 2024 | -40.9% | +10.2% |
| 2025 | +15.1% | +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 BIIB and HQH good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIIB and HQH?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.29 over the last year and 0.42 over 5 years.
Is HQH a good diversifier for BIIB?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/biib-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/biib-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIIB correlations · HQH correlations
