HQL vs IMUX: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Immunic, Inc. (IMUX) 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 HQL and IMUX?
Over the past 3 years, HQL and IMUX moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 782.0 %².
By 3-year correlation, IMUX places #51 of the 72 assets tracked against HQL. On 12-month performance IMUX holds a 14.7-point edge, +75.9% against +90.6%. Risk is not evenly split, since IMUX carries 3.2 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 IMUX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | IMUX (Immunic, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +90.6% |
| 5-year return | +74.1% | -83.6% |
| Volatility (ann.) | 23.5% | 76.2% |
| Beta vs S&P 500 | 0.88 | 1.04 |
| Max drawdown (3Y) | -25.1% | -73.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | IMUX |
|---|---|---|
| 2022 | -19.2% | -85.4% |
| 2023 | +4.2% | +7.1% |
| 2024 | +11.0% | -33.3% |
| 2025 | +45.5% | -46.6% |
| 2026 | +40.9% | +205.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and IMUX good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQL and IMUX?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.21 over the last year and 0.30 over 5 years.
Is IMUX a good diversifier for HQL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/hql-vs-imux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hql-vs-imux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQL correlations · IMUX correlations
