HQH vs TVTX: Correlation
abrdn Healthcare Investors Shares of Beneficial Interest (HQH) and Travere Therapeutics, Inc. (TVTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQH and TVTX?
Over the past 3 years, HQH and TVTX moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 703.5 %².
By 3-year correlation, TVTX places #26 of the 36 assets tracked against HQH. The last year tells two different stories: TVTX led by 227.4 percentage points, +59.8% for HQH against +287.2% for TVTX. Note the risk asymmetry: TVTX runs 3.3 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 TVTX: side by side
| HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | TVTX (Travere Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +59.8% | +287.2% |
| 5-year return | +51.1% | +213.8% |
| Volatility (ann.) | 21.8% | 72.5% |
| Beta vs S&P 500 | 0.83 | 1.67 |
| Max drawdown (3Y) | -21.1% | -64.6% |
| Market cap | – | $6.4B |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 9.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQH | TVTX |
|---|---|---|
| 2022 | -17.3% | -32.2% |
| 2023 | +1.2% | -57.3% |
| 2024 | +10.2% | +93.8% |
| 2025 | +34.1% | +119.3% |
| 2026 | +33.9% | +76.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQH and TVTX good diversifiers for each other?
Reasonably. At 0.44, HQH and TVTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQH and TVTX?
As of 2026-08-27, the correlation of weekly returns between HQH and TVTX is 0.44 over 3 years, 0.44 over 1 year and 0.39 over 5 years.
Is TVTX a good diversifier for HQH?
Reasonably. At 0.44, HQH and TVTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-tvtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hqh-vs-tvtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQH correlations · TVTX correlations
