HQL vs TVTX: Correlation
How closely do abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Travere Therapeutics, Inc. (TVTX) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and TVTX?
Across a 3-year window, the weekly returns of HQL and TVTX correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 821.4 %².
Within HQL's tracked universe of 72 assets, TVTX comes in at #39 by 3-year correlation. The last year tells two different stories: TVTX led by 211.3 percentage points, +75.9% for HQL against +287.2% for TVTX. Note the risk asymmetry: TVTX runs 3.1 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 TVTX: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | TVTX (Travere Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +287.2% |
| 5-year return | +74.1% | +213.8% |
| Volatility (ann.) | 23.5% | 72.5% |
| Beta vs S&P 500 | 0.88 | 1.67 |
| Max drawdown (3Y) | -25.1% | -64.6% |
| Market cap | – | $6.4B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | TVTX |
|---|---|---|
| 2022 | -19.2% | -32.2% |
| 2023 | +4.2% | -57.3% |
| 2024 | +11.0% | +93.8% |
| 2025 | +45.5% | +119.3% |
| 2026 | +40.9% | +76.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and TVTX 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 TVTX?
The HQL/TVTX correlation stands at 0.48 on a 3-year window (1 year: 0.45, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TVTX 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?
A reading of 0.48 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-tvtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hql-vs-tvtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · TVTX correlations
