CLPT vs HQH: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and HQH?
Across a 3-year window, the weekly returns of CLPT and HQH correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 943.8 %².
By 3-year correlation, HQH places #5 of the 19 assets tracked against CLPT. Over the last 12 months HQH came out ahead by 10.0 percentage points (+49.8% against +59.8%). Risk is not evenly split, since CLPT carries 4.2 times the volatility of the other side.
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.
CLPT vs HQH: side by side
| CLPT (ClearPoint Neuro Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +49.8% | +59.8% |
| 5-year return | -12.5% | +51.1% |
| Volatility (ann.) | 91.6% | 21.8% |
| Beta vs S&P 500 | 1.76 | 0.83 |
| Max drawdown (3Y) | -70.7% | -21.1% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | HQH |
|---|---|---|
| 2022 | -24.5% | -17.3% |
| 2023 | -19.8% | +1.2% |
| 2024 | +126.5% | +10.2% |
| 2025 | -11.1% | +34.1% |
| 2026 | +16.5% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT 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 CLPT and HQH?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.50 over 5 years.
Is HQH a good diversifier for CLPT?
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?
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/clpt-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clpt-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPT correlations · HQH correlations
