HQL vs NRIX: Correlation
How closely do abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Nurix Therapeutics, Inc. (NRIX) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and NRIX?
Across a 3-year window, the weekly returns of HQL and NRIX correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 962.9 %².
Among the 72 assets we track against HQL, NRIX ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRIX outperformed by 105.5 percentage points (+75.9% for HQL against +181.4% for NRIX). Risk is not evenly split, since NRIX carries 3.3 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 NRIX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | NRIX (Nurix Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +181.4% |
| 5-year return | +74.1% | -19.6% |
| Volatility (ann.) | 23.5% | 77.6% |
| Beta vs S&P 500 | 0.88 | 1.82 |
| Max drawdown (3Y) | -25.1% | -70.7% |
| Market cap | – | $2.8B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | NRIX |
|---|---|---|
| 2022 | -19.2% | -62.1% |
| 2023 | +4.2% | -6.0% |
| 2024 | +11.0% | +82.6% |
| 2025 | +45.5% | +0.7% |
| 2026 | +40.9% | +41.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and NRIX good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HQL and NRIX?
As of 2026-08-27, the correlation of weekly returns between HQL and NRIX is 0.53 over 3 years, 0.53 over 1 year and 0.52 over 5 years.
Is NRIX a good diversifier for HQL?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: HQL correlations · NRIX correlations
