HQH vs LLY: Correlation
How closely do abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Lilly (Eli) (LLY) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and LLY?
On 3 years of weekly data the HQH/LLY correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 309.5 %².
Out of 36 assets tracked against HQH, LLY lands near the bottom at #32. Neither side won the trailing year by much: +59.8% against +61.2%. Risk is not evenly split, since LLY carries 1.7 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 LLY: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | LLY (Lilly (Eli)) | |
|---|---|---|
| 1-year return | +59.8% | +61.2% |
| 5-year return | +51.1% | +369.2% |
| Volatility (ann.) | 21.8% | 36.6% |
| Beta vs S&P 500 | 0.83 | 0.57 |
| Max drawdown (3Y) | -21.1% | -34.5% |
| Market cap | – | $1,048.8B |
| P/E (trailing) | 5.2 | 40.0 |
| Dividend yield | 9.62% | 0.54% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HQH | LLY |
|---|---|---|
| 2022 | -17.3% | +34.3% |
| 2023 | +1.2% | +60.9% |
| 2024 | +10.2% | +33.3% |
| 2025 | +34.1% | +40.2% |
| 2026 | +33.9% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and LLY good diversifiers for each other?
Reasonably. At 0.39, HQH and LLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQH and LLY?
As of 2026-08-27, the correlation of weekly returns between HQH and LLY is 0.39 over 3 years, 0.32 over 1 year and 0.38 over 5 years.
Is LLY a good diversifier for HQH?
Reasonably. At 0.39, HQH and LLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-lly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hqh-vs-lly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQH correlations · LLY correlations
