HQL vs TYRA: Correlation
Measured on weekly returns over the past three years, abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Tyra Biosciences, Inc. (TYRA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and TYRA?
Over the past 3 years, HQL and TYRA moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.44 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 696.8 %².
Among the 72 assets we track against HQL, TYRA ranks #53 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TYRA outperformed by 27.0 percentage points (+75.9% for HQL against +102.9% for TYRA). Note the risk asymmetry: TYRA runs 2.8 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 TYRA: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | TYRA (Tyra Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +102.9% |
| 5-year return | +74.1% | +0.5% |
| Volatility (ann.) | 23.5% | 66.7% |
| Beta vs S&P 500 | 0.88 | 1.45 |
| Max drawdown (3Y) | -25.1% | -75.3% |
| Market cap | – | $1.6B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | TYRA |
|---|---|---|
| 2022 | -19.2% | -46.0% |
| 2023 | +4.2% | +82.2% |
| 2024 | +11.0% | +0.4% |
| 2025 | +45.5% | +89.1% |
| 2026 | +40.9% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and TYRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HQL and TYRA?
The HQL/TYRA correlation stands at 0.44 on a 3-year window (1 year: 0.26, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TYRA a good diversifier for HQL?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: HQL correlations · TYRA correlations
