HQH vs IDYA: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and IDEAYA Biosciences, Inc. (IDYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and IDYA?
Over the past 3 years, HQH and IDYA moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 572.4 %².
Among the 36 assets we track against HQH, IDYA ranks #8 by 3-year correlation. Over the last 12 months IDYA came out ahead by 7.3 percentage points (+59.8% against +67.1%). Note the risk asymmetry: IDYA runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IDYA: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | IDYA (IDEAYA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +59.8% | +67.1% |
| 5-year return | +51.1% | +82.5% |
| Volatility (ann.) | 21.8% | 45.3% |
| Beta vs S&P 500 | 0.83 | 1.37 |
| Max drawdown (3Y) | -21.1% | -69.2% |
| Market cap | – | $4.0B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | IDYA |
|---|---|---|
| 2022 | -17.3% | -23.1% |
| 2023 | +1.2% | +95.8% |
| 2024 | +10.2% | -27.8% |
| 2025 | +34.1% | +34.5% |
| 2026 | +33.9% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and IDYA good diversifiers for each other?
To a limited degree. At 0.58 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 HQH and IDYA?
As of 2026-08-27, the correlation of weekly returns between HQH and IDYA is 0.58 over 3 years, 0.55 over 1 year and 0.37 over 5 years.
Is IDYA a good diversifier for HQH?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 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/hqh-vs-idya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hqh-vs-idya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQH correlations · IDYA correlations
