ENTA vs HQL: Correlation
Measured on weekly returns over the past three years, Enanta Pharmaceuticals, Inc. (ENTA) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTA and HQL?
On 3 years of weekly data the ENTA/HQL correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 868.8 %².
In ENTA's tracked universe of 15 assets, HQL sits right near the top at #3. Over the last 12 months HQL came out ahead by 14.1 percentage points (+61.8% against +75.9%). One caveat on sizing: ENTA is 3.0 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.
ENTA vs HQL: side by side
| ENTA (Enanta Pharmaceuticals, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +61.8% | +75.9% |
| 5-year return | -75.7% | +74.1% |
| Volatility (ann.) | 70.9% | 23.5% |
| Beta vs S&P 500 | 1.57 | 0.88 |
| Max drawdown (3Y) | -75.6% | -25.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENTA | HQL |
|---|---|---|
| 2022 | -37.8% | -19.2% |
| 2023 | -79.8% | +4.2% |
| 2024 | -38.9% | +11.0% |
| 2025 | +174.3% | +45.5% |
| 2026 | -12.5% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTA and HQL good diversifiers for each other?
To a limited degree. At 0.52 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 ENTA and HQL?
The ENTA/HQL correlation stands at 0.52 on a 3-year window (1 year: 0.54, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for ENTA?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/enta-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enta-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENTA correlations · HQL correlations
