DTIL vs HQL: Correlation
How closely do Precision BioSciences, Inc. (DTIL) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTIL and HQL?
On 3 years of weekly data the DTIL/HQL correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.51 over 3. The 5-year figure is 0.52, and annualized covariance runs at 865.4 %².
In DTIL's tracked universe of 10 assets, HQL sits right near the top at #1. Over the last 12 months HQL came out ahead by 8.2 percentage points (+67.7% against +75.9%). Note the risk asymmetry: DTIL 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.
DTIL vs HQL: side by side
| DTIL (Precision BioSciences, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +67.7% | +75.9% |
| 5-year return | -97.6% | +74.1% |
| Volatility (ann.) | 72.7% | 23.5% |
| Beta vs S&P 500 | 1.22 | 0.88 |
| Max drawdown (3Y) | -80.8% | -25.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTIL | HQL |
|---|---|---|
| 2022 | -83.9% | -19.2% |
| 2023 | -69.3% | +4.2% |
| 2024 | -65.2% | +11.0% |
| 2025 | +9.2% | +45.5% |
| 2026 | +101.9% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTIL and HQL good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DTIL and HQL?
The DTIL/HQL correlation stands at 0.51 on a 3-year window (1 year: 0.59, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for DTIL?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/dtil-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dtil-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTIL correlations · HQL correlations
