HQL vs IDYA: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and IDEAYA Biosciences, Inc. (IDYA) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and IDYA?
On 3 years of weekly data the HQL/IDYA correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.63 over 3. The 5-year figure is 0.45, and annualized covariance runs at 666.7 %².
Within HQL's tracked universe of 72 assets, IDYA comes in at #7 by 3-year correlation. Over the last 12 months HQL came out ahead by 8.8 percentage points (+75.9% against +67.1%). Note the risk asymmetry: IDYA runs 1.9 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.
HQL vs IDYA: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | IDYA (IDEAYA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +67.1% |
| 5-year return | +74.1% | +82.5% |
| Volatility (ann.) | 23.5% | 45.3% |
| Beta vs S&P 500 | 0.88 | 1.37 |
| Max drawdown (3Y) | -25.1% | -69.2% |
| Market cap | – | $4.0B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | IDYA |
|---|---|---|
| 2022 | -19.2% | -23.1% |
| 2023 | +4.2% | +95.8% |
| 2024 | +11.0% | -27.8% |
| 2025 | +45.5% | +34.5% |
| 2026 | +40.9% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and IDYA good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HQL and IDYA?
The HQL/IDYA correlation stands at 0.63 on a 3-year window (1 year: 0.58, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is IDYA a good diversifier for HQL?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/hql-vs-idya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hql-vs-idya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQL correlations · IDYA correlations
