DMAC vs HQH: Correlation
DiaMedica Therapeutics Inc. (DMAC) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMAC and HQH?
Over the past 3 years, DMAC and HQH moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 651.4 %².
HQH is one of the assets that tracks DMAC most closely: it ranks #3 out of the 10 assets we track against DMAC. The last year tells two different stories: HQH led by 46.9 percentage points, +12.9% for DMAC against +59.8% for HQH. Note the risk asymmetry: DMAC runs 3.1 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.
DMAC vs HQH: side by side
| DMAC (DiaMedica Therapeutics Inc.) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +12.9% | +59.8% |
| 5-year return | +67.5% | +51.1% |
| Volatility (ann.) | 68.6% | 21.8% |
| Beta vs S&P 500 | 1.46 | 0.83 |
| Max drawdown (3Y) | -49.2% | -21.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.00% | 9.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMAC | HQH |
|---|---|---|
| 2022 | -57.6% | -17.3% |
| 2023 | +79.7% | +1.2% |
| 2024 | +91.2% | +10.2% |
| 2025 | +46.6% | +34.1% |
| 2026 | -15.2% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMAC and HQH good diversifiers for each other?
Reasonably. At 0.44, DMAC and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DMAC and HQH?
The DMAC/HQH correlation stands at 0.44 on a 3-year window (1 year: 0.46, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is HQH a good diversifier for DMAC?
Reasonably. At 0.44, DMAC and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/dmac-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmac-vs-hqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMAC correlations · HQH correlations
