HQL vs ZYME: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Zymeworks Inc. (ZYME) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and ZYME?
On 3 years of weekly data the HQL/ZYME correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.53). The 5-year figure is 0.36, and annualized covariance runs at 611.3 %².
By 3-year correlation, ZYME places #22 of the 72 assets tracked against HQL. Their recent paths diverged sharply: over the last 12 months ZYME outperformed by 18.4 percentage points (+75.9% for HQL against +94.3% for ZYME). Risk is not evenly split, since ZYME carries 2.1 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 ZYME: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | ZYME (Zymeworks Inc.) | |
|---|---|---|
| 1-year return | +75.9% | +94.3% |
| 5-year return | +74.1% | -10.9% |
| Volatility (ann.) | 23.5% | 49.4% |
| Beta vs S&P 500 | 0.88 | 1.02 |
| Max drawdown (3Y) | -25.1% | -45.7% |
| Market cap | – | $2.1B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQL | ZYME |
|---|---|---|
| 2022 | -19.2% | -52.0% |
| 2023 | +4.2% | +32.2% |
| 2024 | +11.0% | +40.9% |
| 2025 | +45.5% | +79.8% |
| 2026 | +40.9% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and ZYME good diversifiers for each other?
Only partially. A correlation of 0.53 means HQL and ZYME share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HQL and ZYME?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.43 over the last year and 0.36 over 5 years.
Is ZYME a good diversifier for HQL?
Only partially. A correlation of 0.53 means HQL and ZYME share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-zyme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hql-vs-zyme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQL correlations · ZYME correlations
