HQL vs RGNX: Correlation
How closely do abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and REGENXBIO Inc. (RGNX) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and RGNX?
Over the past 3 years, HQL and RGNX moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1107.1 %².
By 3-year correlation, RGNX places #14 of the 72 assets tracked against HQL. The last year tells two different stories: HQL led by 69.7 percentage points, +75.9% for HQL against +6.2% for RGNX. Note the risk asymmetry: RGNX runs 3.6 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 RGNX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | RGNX (REGENXBIO Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +6.2% |
| 5-year return | +74.1% | -70.5% |
| Volatility (ann.) | 23.5% | 84.1% |
| Beta vs S&P 500 | 0.88 | 2.28 |
| Max drawdown (3Y) | -25.1% | -78.4% |
| Market cap | – | $0.6B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | RGNX |
|---|---|---|
| 2022 | -19.2% | -30.6% |
| 2023 | +4.2% | -20.9% |
| 2024 | +11.0% | -56.9% |
| 2025 | +45.5% | +86.3% |
| 2026 | +40.9% | -34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and RGNX good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HQL and RGNX?
The HQL/RGNX correlation stands at 0.56 on a 3-year window (1 year: 0.60, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is RGNX a good diversifier for HQL?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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
$ curl https://www.pairbook.io/api/v1/pairs/hql-vs-rgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hql-vs-rgnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · RGNX correlations
