HQH vs PGEN: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Precigen, Inc. (PGEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and PGEN?
Over the past 3 years, HQH and PGEN moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 911.9 %².
Among the 36 assets we track against HQH, PGEN ranks #23 by 3-year correlation. Neither side won the trailing year by much: +59.8% against +56.6%. Note the risk asymmetry: PGEN runs 4.3 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 PGEN: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | PGEN (Precigen, Inc.) | |
|---|---|---|
| 1-year return | +59.8% | +56.6% |
| 5-year return | +51.1% | +20.8% |
| Volatility (ann.) | 21.8% | 92.8% |
| Beta vs S&P 500 | 0.83 | 1.77 |
| Max drawdown (3Y) | -21.1% | -64.4% |
| Market cap | – | $2.6B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | PGEN |
|---|---|---|
| 2022 | -17.3% | -59.0% |
| 2023 | +1.2% | -11.8% |
| 2024 | +10.2% | -16.4% |
| 2025 | +34.1% | +273.2% |
| 2026 | +33.9% | +72.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and PGEN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQH and PGEN?
The HQH/PGEN correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is PGEN a good diversifier for HQH?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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-pgen.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hqh-vs-pgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQH correlations · PGEN correlations
