HQL vs LXEO: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Lexeo Therapeutics, Inc. (LXEO) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and LXEO?
Across a 3-year window, the weekly returns of HQL and LXEO correlate at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.47 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1114.7 %².
Among the 72 assets we track against HQL, LXEO ranks #41 by 3-year correlation. The last year tells two different stories: HQL led by 73.0 percentage points, +75.9% for HQL against +2.9% for LXEO. One caveat on sizing: LXEO is 4.4 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 LXEO: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | LXEO (Lexeo Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +2.9% |
| 5-year return | +74.1% | n/a |
| Volatility (ann.) | 23.5% | 103.0% |
| Beta vs S&P 500 | 0.88 | 2.10 |
| Max drawdown (3Y) | -25.1% | -90.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | LXEO |
|---|---|---|
| 2022 | -19.2% | – |
| 2023 | +4.2% | – |
| 2024 | +11.0% | -51.0% |
| 2025 | +45.5% | +50.9% |
| 2026 | +40.9% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and LXEO good diversifiers for each other?
Reasonably. At 0.47, HQL and LXEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQL and LXEO?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.59 over the last year and n/a over 5 years.
Is LXEO a good diversifier for HQL?
Reasonably. At 0.47, HQL and LXEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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
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Related comparisons
Hubs: HQL correlations · LXEO correlations
