HQL vs SRPT: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Sarepta Therapeutics, Inc. (SRPT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and SRPT?
Over the past 3 years, HQL and SRPT moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.42). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 738.9 %².
Among the 72 assets we track against HQL, SRPT ranks #57 by 3-year correlation. The last year tells two different stories: HQL led by 56.4 percentage points, +75.9% for HQL against +19.5% for SRPT. Note the risk asymmetry: SRPT runs 3.2 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 SRPT: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | SRPT (Sarepta Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +19.5% |
| 5-year return | +74.1% | -71.5% |
| Volatility (ann.) | 23.5% | 75.7% |
| Beta vs S&P 500 | 0.88 | 1.09 |
| Max drawdown (3Y) | -25.1% | -92.7% |
| Market cap | – | $2.3B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | SRPT |
|---|---|---|
| 2022 | -19.2% | +43.9% |
| 2023 | +4.2% | -25.6% |
| 2024 | +11.0% | +26.1% |
| 2025 | +45.5% | -82.3% |
| 2026 | +40.9% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and SRPT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQL and SRPT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.62 over the last year and 0.39 over 5 years.
Is SRPT a good diversifier for HQL?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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-srpt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hql-vs-srpt/)
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Related comparisons
Hubs: HQL correlations · SRPT correlations
