HQL vs IMMX: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Immix Biopharma, Inc. (IMMX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and IMMX?
On 3 years of weekly data the HQL/IMMX correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 723.7 %².
Among the 72 assets we track against HQL, IMMX sits near the bottom by co-movement, at rank #68. Their recent paths diverged sharply: over the last 12 months IMMX outperformed by 554.2 percentage points (+75.9% for HQL against +630.1% for IMMX). One caveat on sizing: IMMX is 3.7 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.
HQL vs IMMX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | IMMX (Immix Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +630.1% |
| 5-year return | +74.1% | +289.9% |
| Volatility (ann.) | 23.5% | 86.8% |
| Beta vs S&P 500 | 0.88 | 1.23 |
| Max drawdown (3Y) | -25.1% | -81.6% |
| Market cap | – | $1.0B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | IMMX |
|---|---|---|
| 2022 | -19.2% | -35.7% |
| 2023 | +4.2% | +202.2% |
| 2024 | +11.0% | -68.2% |
| 2025 | +45.5% | +137.7% |
| 2026 | +40.9% | +173.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and IMMX good diversifiers for each other?
Reasonably. At 0.35, HQL and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQL and IMMX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.42 over the last year and 0.27 over 5 years.
Is IMMX a good diversifier for HQL?
Reasonably. At 0.35, HQL and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/hql-vs-immx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hql-vs-immx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQL correlations · IMMX correlations
