DLPN vs HQL: Correlation
Measured on weekly returns over the past three years, Dolphin Entertainment, Inc. (DLPN) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLPN and HQL?
Across a 3-year window, the weekly returns of DLPN and HQL correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 496.8 %².
HQL is one of the assets that tracks DLPN most closely: it ranks #3 out of the 12 assets we track against DLPN. Correlation aside, the last 12 months split them widely, with HQL ahead by 75.9 points (+0.0% versus +75.9%). Risk is not evenly split, since DLPN carries 2.3 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.
DLPN vs HQL: side by side
| DLPN (Dolphin Entertainment, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +0.0% | +75.9% |
| 5-year return | -95.5% | +74.1% |
| Volatility (ann.) | 54.2% | 23.5% |
| Beta vs S&P 500 | 1.10 | 0.88 |
| Max drawdown (3Y) | -78.8% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLPN | HQL |
|---|---|---|
| 2022 | -78.8% | -19.2% |
| 2023 | -5.5% | +4.2% |
| 2024 | -68.7% | +11.0% |
| 2025 | +45.8% | +45.5% |
| 2026 | -24.4% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLPN and HQL good diversifiers for each other?
Reasonably. At 0.39, DLPN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLPN and HQL?
As of 2026-08-27, the correlation of weekly returns between DLPN and HQL is 0.39 over 3 years, 0.39 over 1 year and 0.36 over 5 years.
Is HQL a good diversifier for DLPN?
Reasonably. At 0.39, DLPN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/dlpn-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dlpn-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DLPN correlations · HQL correlations
