HQH vs IMUX: Correlation
How closely do abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Immunic, Inc. (IMUX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and IMUX?
Across a 3-year window, the weekly returns of HQH and IMUX correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.41 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 688.5 %².
Among the 36 assets we track against HQH, IMUX ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IMUX outperformed by 30.8 percentage points (+59.8% for HQH against +90.6% for IMUX). Risk is not evenly split, since IMUX carries 3.5 times the volatility of the other side.
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 IMUX: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | IMUX (Immunic, Inc.) | |
|---|---|---|
| 1-year return | +59.8% | +90.6% |
| 5-year return | +51.1% | -83.6% |
| Volatility (ann.) | 21.8% | 76.2% |
| Beta vs S&P 500 | 0.83 | 1.04 |
| Max drawdown (3Y) | -21.1% | -73.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | IMUX |
|---|---|---|
| 2022 | -17.3% | -85.4% |
| 2023 | +1.2% | +7.1% |
| 2024 | +10.2% | -33.3% |
| 2025 | +34.1% | -46.6% |
| 2026 | +33.9% | +205.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and IMUX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQH and IMUX?
As of 2026-08-27, the correlation of weekly returns between HQH and IMUX is 0.41 over 3 years, 0.26 over 1 year and 0.27 over 5 years.
Is IMUX a good diversifier for HQH?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined 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/hqh-vs-imux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqh-vs-imux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQH correlations · IMUX correlations
