QURE vs WHF: Correlation
Measured on weekly returns over the past three years, uniQure N.V. (QURE) and WhiteHorse Finance, Inc. - Closed End Fund (WHF) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QURE and WHF?
Over the past 3 years, QURE and WHF moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.18 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -862.4 %².
WHF is close to the least connected end of QURE's tracked universe, ranking #12 of 14. Correlation aside, the last 12 months split them widely, with QURE ahead by 217.2 points (+214.7% versus -2.5%). One caveat on sizing: QURE is 9.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
QURE vs WHF: side by side
| QURE (uniQure N.V.) | WHF (WhiteHorse Finance, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +214.7% | -2.5% |
| 5-year return | +72.6% | -11.5% |
| Volatility (ann.) | 215.4% | 22.6% |
| Beta vs S&P 500 | 1.70 | 0.25 |
| Max drawdown (3Y) | -87.2% | -37.9% |
| Market cap | $3.4B | $0.2B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 16.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QURE | WHF |
|---|---|---|
| 2022 | +9.3% | -6.2% |
| 2023 | -70.1% | +6.3% |
| 2024 | +160.9% | -8.5% |
| 2025 | +35.5% | -15.4% |
| 2026 | +107.1% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QURE and WHF good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QURE and WHF?
As of 2026-08-27, the correlation of weekly returns between QURE and WHF is -0.18 over 3 years, -0.42 over 1 year and -0.11 over 5 years.
Is WHF a good diversifier for QURE?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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.
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Related comparisons
Hubs: QURE correlations · WHF correlations
