HQL vs JAZZ: Correlation
How closely do abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Jazz Pharmaceuticals plc (JAZZ) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and JAZZ?
Across a 3-year window, the weekly returns of HQL and JAZZ correlate at 0.43, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.43). Stretching to 5 years gives 0.44, with an annualized covariance of 350.5 %².
Among the 72 assets we track against HQL, JAZZ ranks #55 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JAZZ outperformed by 25.9 percentage points (+75.9% for HQL against +101.8% for JAZZ).
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 JAZZ: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | JAZZ (Jazz Pharmaceuticals plc) | |
|---|---|---|
| 1-year return | +75.9% | +101.8% |
| 5-year return | +74.1% | +90.9% |
| Volatility (ann.) | 23.5% | 34.6% |
| Beta vs S&P 500 | 0.88 | 0.60 |
| Max drawdown (3Y) | -25.1% | -32.7% |
| Market cap | – | $16.3B |
| P/E (trailing) | 3.2 | 17.2 |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | JAZZ |
|---|---|---|
| 2022 | -19.2% | +25.0% |
| 2023 | +4.2% | -22.8% |
| 2024 | +11.0% | +0.1% |
| 2025 | +45.5% | +38.0% |
| 2026 | +40.9% | +47.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and JAZZ good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQL and JAZZ?
The HQL/JAZZ correlation stands at 0.43 on a 3-year window (1 year: 0.28, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is JAZZ a good diversifier for HQL?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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-jazz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hql-vs-jazz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · JAZZ correlations
