HQL vs SOPH: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and SOPHiA GENETICS SA (SOPH) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and SOPH?
On 3 years of weekly data the HQL/SOPH correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.40). The 5-year figure is 0.33, and annualized covariance runs at 566.1 %².
By 3-year correlation, SOPH places #64 of the 72 assets tracked against HQL. The last year tells two different stories: SOPH led by 92.0 percentage points, +75.9% for HQL against +167.9% for SOPH. One caveat on sizing: SOPH is 2.6 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 SOPH: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | SOPH (SOPHiA GENETICS SA) | |
|---|---|---|
| 1-year return | +75.9% | +167.9% |
| 5-year return | +74.1% | -54.1% |
| Volatility (ann.) | 23.5% | 60.0% |
| Beta vs S&P 500 | 0.88 | 1.16 |
| Max drawdown (3Y) | -25.1% | -52.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | SOPH |
|---|---|---|
| 2022 | -19.2% | -85.4% |
| 2023 | +4.2% | +128.6% |
| 2024 | +11.0% | -34.8% |
| 2025 | +45.5% | +52.1% |
| 2026 | +40.9% | +91.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and SOPH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQL and SOPH?
The HQL/SOPH correlation stands at 0.40 on a 3-year window (1 year: 0.59, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SOPH a good diversifier for HQL?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: HQL correlations · SOPH correlations
