HQL vs IMTX: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Immatics N.V. (IMTX) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and IMTX?
Over the past 3 years, HQL and IMTX moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 748.0 %².
By 3-year correlation, IMTX places #15 of the 72 assets tracked against HQL. Their 12-month results are close: +75.9% for HQL against +73.3% for IMTX. Risk is not evenly split, since IMTX carries 2.5 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.
HQL vs IMTX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | IMTX (Immatics N.V.) | |
|---|---|---|
| 1-year return | +75.9% | +73.3% |
| 5-year return | +74.1% | -25.9% |
| Volatility (ann.) | 23.5% | 57.9% |
| Beta vs S&P 500 | 0.88 | 1.62 |
| Max drawdown (3Y) | -25.1% | -74.1% |
| Market cap | – | $1.4B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | IMTX |
|---|---|---|
| 2022 | -19.2% | -35.2% |
| 2023 | +4.2% | +20.9% |
| 2024 | +11.0% | -32.5% |
| 2025 | +45.5% | +47.7% |
| 2026 | +40.9% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and IMTX good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HQL and IMTX?
The HQL/IMTX correlation stands at 0.55 on a 3-year window (1 year: 0.48, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is IMTX a good diversifier for HQL?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hql-vs-imtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hql-vs-imtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · IMTX correlations
