HQH vs PCVX: Correlation
How closely do abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Vaxcyte, Inc. (PCVX) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and PCVX?
Across a 3-year window, the weekly returns of HQH and PCVX correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 706.1 %².
Within HQH's tracked universe of 36 assets, PCVX comes in at #9 by 3-year correlation. The last year tells two different stories: PCVX led by 40.4 percentage points, +59.8% for HQH against +100.2% for PCVX. One caveat on sizing: PCVX is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PCVX: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | PCVX (Vaxcyte, Inc.) | |
|---|---|---|
| 1-year return | +59.8% | +100.2% |
| 5-year return | +51.1% | +130.8% |
| Volatility (ann.) | 21.8% | 57.9% |
| Beta vs S&P 500 | 0.83 | 1.40 |
| Max drawdown (3Y) | -21.1% | -76.2% |
| Market cap | – | $9.1B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | PCVX |
|---|---|---|
| 2022 | -17.3% | +101.6% |
| 2023 | +1.2% | +31.0% |
| 2024 | +10.2% | +30.4% |
| 2025 | +34.1% | -43.6% |
| 2026 | +33.9% | +32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and PCVX good diversifiers for each other?
Only partially. A correlation of 0.56 means HQH and PCVX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HQH and PCVX?
As of 2026-08-27, the correlation of weekly returns between HQH and PCVX is 0.56 over 3 years, 0.62 over 1 year and 0.41 over 5 years.
Is PCVX a good diversifier for HQH?
Only partially. A correlation of 0.56 means HQH and PCVX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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
$ curl https://www.pairbook.io/api/v1/pairs/hqh-vs-pcvx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqh-vs-pcvx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HQH correlations · PCVX correlations
