HQL vs SVRA: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Savara, Inc. (SVRA) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and SVRA?
Across a 3-year window, the weekly returns of HQL and SVRA correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 604.0 %².
By 3-year correlation, SVRA places #38 of the 72 assets tracked against HQL. The trailing year gives HQL the advantage: +75.9% versus +66.9%, a 9.0-point spread. Risk is not evenly split, since SVRA carries 2.3 times the volatility of the other side.
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 SVRA: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | SVRA (Savara, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +66.9% |
| 5-year return | +74.1% | +286.6% |
| Volatility (ann.) | 23.5% | 53.3% |
| Beta vs S&P 500 | 0.88 | 1.15 |
| Max drawdown (3Y) | -25.1% | -65.3% |
| Market cap | – | $1.1B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | SVRA |
|---|---|---|
| 2022 | -19.2% | +25.0% |
| 2023 | +4.2% | +203.2% |
| 2024 | +11.0% | -34.7% |
| 2025 | +45.5% | +96.4% |
| 2026 | +40.9% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and SVRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQL and SVRA?
As of 2026-08-27, the correlation of weekly returns between HQL and SVRA is 0.48 over 3 years, 0.51 over 1 year and 0.44 over 5 years.
Is SVRA a good diversifier for HQL?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: HQL correlations · SVRA correlations
