DYN vs HQL: Correlation
How closely do Dyne Therapeutics, Inc. (DYN) 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 DYN and HQL?
Over the past 3 years, DYN and HQL moved with a correlation of 0.51, which is moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.51). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 944.2 %².
Few assets follow DYN as closely as HQL, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with DYN ahead by 15.4 points (+91.3% versus +75.9%). One caveat on sizing: DYN is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DYN vs HQL: side by side
| DYN (Dyne Therapeutics, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +91.3% | +75.9% |
| 5-year return | +58.2% | +74.1% |
| Volatility (ann.) | 78.6% | 23.5% |
| Beta vs S&P 500 | 1.95 | 0.88 |
| Max drawdown (3Y) | -85.5% | -25.1% |
| Market cap | $4.9B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DYN | HQL |
|---|---|---|
| 2022 | -2.5% | -19.2% |
| 2023 | +14.8% | +4.2% |
| 2024 | +77.1% | +11.0% |
| 2025 | -17.0% | +45.5% |
| 2026 | +33.4% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYN 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 DYN and HQL?
The DYN/HQL correlation stands at 0.51 on a 3-year window (1 year: 0.63, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for DYN?
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/dyn-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dyn-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DYN correlations · HQL correlations
