HQH vs HQL: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) show a very strong relationship: their 3-year correlation of weekly returns is 0.92.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and HQL?
Across a 3-year window, the weekly returns of HQH and HQL correlate at 0.92, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.92 over 3. Stretching to 5 years gives 0.92, with an annualized covariance of 474.4 %².
Few assets follow HQH as closely as HQL, which ranks #1 of 36 tracked partners. The last year tells two different stories: HQL led by 16.1 percentage points, +59.8% for HQH 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.
HQH vs HQL: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +59.8% | +75.9% |
| 5-year return | +51.1% | +74.1% |
| Volatility (ann.) | 21.8% | 23.5% |
| Beta vs S&P 500 | 0.83 | 0.88 |
| Max drawdown (3Y) | -21.1% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | 5.2 | 3.2 |
| Dividend yield | 9.62% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | HQL |
|---|---|---|
| 2022 | -17.3% | -19.2% |
| 2023 | +1.2% | +4.2% |
| 2024 | +10.2% | +11.0% |
| 2025 | +34.1% | +45.5% |
| 2026 | +33.9% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and HQL good diversifiers for each other?
No. With a correlation of 0.92, HQH and HQL move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HQH and HQL?
As of 2026-08-27, the correlation of weekly returns between HQH and HQL is 0.92 over 3 years, 0.89 over 1 year and 0.92 over 5 years.
Is HQL a good diversifier for HQH?
No. With a correlation of 0.92, HQH and HQL move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.92 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hqh-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hqh-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQH correlations · HQL correlations
