HQL vs REGN: Correlation
How closely do abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Regeneron Pharmaceuticals (REGN) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and REGN?
On 3 years of weekly data the HQL/REGN correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.46). The 5-year figure is 0.47, and annualized covariance runs at 345.0 %².
Within HQL's tracked universe of 72 assets, REGN comes in at #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HQL outperformed by 37.6 percentage points (+75.9% for HQL against +38.3% for REGN).
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 REGN: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | +75.9% | +38.3% |
| 5-year return | +74.1% | +20.4% |
| Volatility (ann.) | 23.5% | 31.8% |
| Beta vs S&P 500 | 0.88 | 0.61 |
| Max drawdown (3Y) | -25.1% | -59.7% |
| Market cap | – | $83.2B |
| P/E (trailing) | 3.2 | 20.2 |
| Dividend yield | 8.87% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HQL | REGN |
|---|---|---|
| 2022 | -19.2% | +14.2% |
| 2023 | +4.2% | +21.7% |
| 2024 | +11.0% | -18.9% |
| 2025 | +45.5% | +9.0% |
| 2026 | +40.9% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and REGN good diversifiers for each other?
Reasonably. At 0.46, HQL and REGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQL and REGN?
As of 2026-08-27, the correlation of weekly returns between HQL and REGN is 0.46 over 3 years, 0.25 over 1 year and 0.47 over 5 years.
Is REGN a good diversifier for HQL?
Reasonably. At 0.46, HQL and REGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-regn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hql-vs-regn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HQL correlations · REGN correlations
