HQH vs JAZZ: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Jazz Pharmaceuticals plc (JAZZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and JAZZ?
On 3 years of weekly data the HQH/JAZZ correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.43). The 5-year figure is 0.46, and annualized covariance runs at 328.0 %².
Among the 36 assets we track against HQH, JAZZ ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JAZZ outperformed by 42.0 percentage points (+59.8% for HQH against +101.8% for JAZZ). Risk is not evenly split, since JAZZ carries 1.6 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 JAZZ: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | JAZZ (Jazz Pharmaceuticals plc) | |
|---|---|---|
| 1-year return | +59.8% | +101.8% |
| 5-year return | +51.1% | +90.9% |
| Volatility (ann.) | 21.8% | 34.6% |
| Beta vs S&P 500 | 0.83 | 0.60 |
| Max drawdown (3Y) | -21.1% | -32.7% |
| Market cap | – | $16.3B |
| P/E (trailing) | 5.2 | 17.2 |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | JAZZ |
|---|---|---|
| 2022 | -17.3% | +25.0% |
| 2023 | +1.2% | -22.8% |
| 2024 | +10.2% | +0.1% |
| 2025 | +34.1% | +38.0% |
| 2026 | +33.9% | +47.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and JAZZ good diversifiers for each other?
Reasonably. At 0.43, HQH and JAZZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQH and JAZZ?
As of 2026-08-27, the correlation of weekly returns between HQH and JAZZ is 0.43 over 3 years, 0.25 over 1 year and 0.46 over 5 years.
Is JAZZ a good diversifier for HQH?
Reasonably. At 0.43, HQH and JAZZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
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Related comparisons
Hubs: HQH correlations · JAZZ correlations
