HQL vs RCKT: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Rocket Pharmaceuticals, Inc. (RCKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and RCKT?
Across a 3-year window, the weekly returns of HQL and RCKT 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 984.9 %².
Among the 72 assets we track against HQL, RCKT ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HQL outperformed by 66.9 percentage points (+75.9% for HQL against +9.0% for RCKT). One caveat on sizing: RCKT is 3.3 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 RCKT: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +9.0% |
| 5-year return | +74.1% | -89.2% |
| Volatility (ann.) | 23.5% | 78.7% |
| Beta vs S&P 500 | 0.88 | 1.78 |
| Max drawdown (3Y) | -25.1% | -92.7% |
| 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 | RCKT |
|---|---|---|
| 2022 | -19.2% | -10.4% |
| 2023 | +4.2% | +53.1% |
| 2024 | +11.0% | -58.1% |
| 2025 | +45.5% | -72.1% |
| 2026 | +40.9% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and RCKT good diversifiers for each other?
Only partially. A correlation of 0.53 means HQL and RCKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HQL and RCKT?
As of 2026-08-27, the correlation of weekly returns between HQL and RCKT is 0.53 over 3 years, 0.53 over 1 year and 0.52 over 5 years.
Is RCKT a good diversifier for HQL?
Only partially. A correlation of 0.53 means HQL and RCKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hql-vs-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hql-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · RCKT correlations
