GILD vs HQL: Correlation
How closely do Gilead Sciences (GILD) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILD and HQL?
On 3 years of weekly data the GILD/HQL correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 229.0 %².
By 3-year correlation, HQL places #12 of the 30 assets tracked against GILD. Their recent paths diverged sharply: over the last 12 months HQL outperformed by 41.8 percentage points (+34.1% for GILD against +75.9% for HQL).
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.
GILD vs HQL: side by side
| GILD (Gilead Sciences) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +34.1% | +75.9% |
| 5-year return | +148.1% | +74.1% |
| Volatility (ann.) | 24.1% | 23.5% |
| Beta vs S&P 500 | 0.33 | 0.88 |
| Max drawdown (3Y) | -26.6% | -25.1% |
| Market cap | $184.6B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 2.17% | 8.87% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GILD | HQL |
|---|---|---|
| 2022 | +23.6% | -19.2% |
| 2023 | -2.0% | +4.2% |
| 2024 | +18.7% | +11.0% |
| 2025 | +36.6% | +45.5% |
| 2026 | +22.8% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILD and HQL good diversifiers for each other?
Reasonably. At 0.40, GILD and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GILD and HQL?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.38 over the last year and 0.46 over 5 years.
Is HQL a good diversifier for GILD?
Reasonably. At 0.40, GILD and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gild-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gild-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GILD correlations · HQL correlations
