BMRN vs HQH: Correlation
BioMarin Pharmaceutical Inc. (BMRN) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRN and HQH?
Over the past 3 years, BMRN and HQH moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 255.5 %².
HQH is one of the assets that tracks BMRN most closely: it ranks #3 out of the 12 assets we track against BMRN. Their recent paths diverged sharply: over the last 12 months HQH outperformed by 48.5 percentage points (+11.3% for BMRN 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.
BMRN vs HQH: side by side
| BMRN (BioMarin Pharmaceutical Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +11.3% | +59.8% |
| 5-year return | -21.6% | +51.1% |
| Volatility (ann.) | 28.1% | 21.8% |
| Beta vs S&P 500 | 0.46 | 0.83 |
| Max drawdown (3Y) | -49.8% | -21.1% |
| Market cap | $12.6B | – |
| P/E (trailing) | 176.5 | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRN | HQH |
|---|---|---|
| 2022 | +17.1% | -17.3% |
| 2023 | -6.8% | +1.2% |
| 2024 | -31.8% | +10.2% |
| 2025 | -9.6% | +34.1% |
| 2026 | +9.9% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRN and HQH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMRN and HQH?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.45 over the last year and 0.45 over 5 years.
Is HQH a good diversifier for BMRN?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bmrn-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmrn-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMRN correlations · HQH correlations
