HQL vs PRPO: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Precipio, Inc. (PRPO) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and PRPO?
Over the past 3 years, HQL and PRPO moved with a correlation of 0.29, which is weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 489.3 %².
Among the 72 assets we track against HQL, PRPO sits near the bottom by co-movement, at rank #69. The last year tells two different stories: PRPO led by 16.0 percentage points, +75.9% for HQL against +91.9% for PRPO. Note the risk asymmetry: PRPO runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PRPO: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | PRPO (Precipio, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +91.9% |
| 5-year return | +74.1% | -55.4% |
| Volatility (ann.) | 23.5% | 71.4% |
| Beta vs S&P 500 | 0.88 | 0.51 |
| Max drawdown (3Y) | -25.1% | -55.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | PRPO |
|---|---|---|
| 2022 | -19.2% | -65.1% |
| 2023 | +4.2% | -41.0% |
| 2024 | +11.0% | -14.8% |
| 2025 | +45.5% | +314.8% |
| 2026 | +40.9% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and PRPO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQL and PRPO?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.30 over the last year and 0.32 over 5 years.
Is PRPO a good diversifier for HQL?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/hql-vs-prpo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hql-vs-prpo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HQL correlations · PRPO correlations
