GERN vs HQL: Correlation
Geron Corporation (GERN) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GERN and HQL?
Over the past 3 years, GERN and HQL moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 621.8 %².
Within GERN's tracked universe of 11 assets, HQL comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HQL outperformed by 67.4 percentage points (+8.5% for GERN against +75.9% for HQL). One caveat on sizing: GERN is 2.7 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.
GERN vs HQL: side by side
| GERN (Geron Corporation) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +8.5% | +75.9% |
| 5-year return | +6.2% | +74.1% |
| Volatility (ann.) | 64.0% | 23.5% |
| Beta vs S&P 500 | 1.34 | 0.88 |
| Max drawdown (3Y) | -79.0% | -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 | GERN | HQL |
|---|---|---|
| 2022 | +98.4% | -19.2% |
| 2023 | -12.8% | +4.2% |
| 2024 | +67.8% | +11.0% |
| 2025 | -62.7% | +45.5% |
| 2026 | +15.9% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GERN and HQL good diversifiers for each other?
Reasonably. At 0.41, GERN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GERN and HQL?
As of 2026-08-27, the correlation of weekly returns between GERN and HQL is 0.41 over 3 years, 0.54 over 1 year and 0.41 over 5 years.
Is HQL a good diversifier for GERN?
Reasonably. At 0.41, GERN and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/gern-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gern-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GERN correlations · HQL correlations
