DSGN vs HQL: Correlation
How closely do Design Therapeutics, Inc. (DSGN) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGN and HQL?
Across a 3-year window, the weekly returns of DSGN and HQL correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.41, with an annualized covariance of 733.9 %².
Among the 11 assets we track against DSGN, HQL ranks #5 by 3-year correlation. The last year tells two different stories: DSGN led by 112.4 percentage points, +188.3% for DSGN against +75.9% for HQL. Note the risk asymmetry: DSGN 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.
DSGN vs HQL: side by side
| DSGN (Design Therapeutics, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +188.3% | +75.9% |
| 5-year return | +0.7% | +74.1% |
| Volatility (ann.) | 72.7% | 23.5% |
| Beta vs S&P 500 | 1.35 | 0.88 |
| Max drawdown (3Y) | -62.8% | -25.1% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSGN | HQL |
|---|---|---|
| 2022 | -52.1% | -19.2% |
| 2023 | -74.2% | +4.2% |
| 2024 | +132.8% | +11.0% |
| 2025 | +52.0% | +45.5% |
| 2026 | +62.6% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGN and HQL good diversifiers for each other?
Reasonably. At 0.43, DSGN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DSGN and HQL?
The DSGN/HQL correlation stands at 0.43 on a 3-year window (1 year: 0.32, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for DSGN?
Reasonably. At 0.43, DSGN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: DSGN correlations · HQL correlations
