HQH vs RARE: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Ultragenyx Pharmaceutical Inc. (RARE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and RARE?
Across a 3-year window, the weekly returns of HQH and RARE correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 582.8 %².
Within HQH's tracked universe of 36 assets, RARE comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HQH outperformed by 72.5 percentage points (+59.8% for HQH against -12.7% for RARE). Risk is not evenly split, since RARE carries 2.3 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 RARE: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | RARE (Ultragenyx Pharmaceutical Inc.) | |
|---|---|---|
| 1-year return | +59.8% | -12.7% |
| 5-year return | +51.1% | -72.6% |
| Volatility (ann.) | 21.8% | 51.1% |
| Beta vs S&P 500 | 0.83 | 1.38 |
| Max drawdown (3Y) | -21.1% | -68.8% |
| 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 | RARE |
|---|---|---|
| 2022 | -17.3% | -44.9% |
| 2023 | +1.2% | +3.2% |
| 2024 | +10.2% | -12.0% |
| 2025 | +34.1% | -45.3% |
| 2026 | +33.9% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and RARE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HQH and RARE?
The HQH/RARE correlation stands at 0.52 on a 3-year window (1 year: 0.52, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is RARE a good diversifier for HQH?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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-rare.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hqh-vs-rare/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQH correlations · RARE correlations
