THQ vs. HQH
THQ (Abrdn Healthcare Opportunities Fund) is Health & Biotech Equities fund managed by Aberdeen, while HQH (Tekla Healthcare Investors) is a stock. Over the past 10 years, THQ returned 10.14%/yr vs 9.61%/yr for HQH. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
THQ vs. HQH - Performance Comparison
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Returns By Period
In the year-to-date period, THQ achieves a 1.54% return, which is significantly lower than HQH's 19.23% return. Over the past 10 years, THQ has outperformed HQH with an annualized return of 10.14%, while HQH has yielded a comparatively lower 9.61% annualized return.
THQ
- 1D
- 1.55%
- 1M
- 0.74%
- YTD
- 1.54%
- 6M
- 1.96%
- 1Y
- 13.34%
- 3Y*
- 10.11%
- 5Y*
- 4.39%
- 10Y*
- 10.14%
HQH
- 1D
- 0.90%
- 1M
- 9.61%
- YTD
- 19.23%
- 6M
- 17.01%
- 1Y
- 55.01%
- 3Y*
- 21.05%
- 5Y*
- 7.42%
- 10Y*
- 9.61%
THQ vs. HQH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THQ Abrdn Healthcare Opportunities Fund | 1.54% | 13.88% | 15.51% | -1.62% | -17.53% | 33.39% | 15.20% | 22.70% | 3.41% | 21.84% |
HQH Tekla Healthcare Investors | 19.23% | 34.12% | 10.22% | 1.22% | -17.27% | 7.99% | 24.82% | 26.80% | -13.08% | 15.97% |
Correlation
The correlation between THQ and HQH is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2014 | 0.68 |
The correlation between THQ and HQH shifts across timeframes, from 0.58 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
THQ vs. HQH — Risk / Return Rank
THQ
HQH
THQ vs. HQH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abrdn Healthcare Opportunities Fund (THQ) and Tekla Healthcare Investors (HQH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THQ | HQH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 4.25 | -3.47 |
| Martin ratioReturn relative to average drawdown | 2.11 | 14.82 | -12.71 |
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Drawdowns
THQ vs. HQH - Drawdown Comparison
The maximum THQ drawdown since its inception was -39.35%, smaller than the maximum HQH drawdown of -62.36%. Use the drawdown chart below to compare losses from any high point for THQ and HQH.
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Drawdown Indicators
| THQ | HQH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -62.36% | +23.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -13.01% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -25.86% | -21.14% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -37.55% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -39.35% | -37.55% | -1.80% |
Current DrawdownCurrent decline from peak | -3.89% | 0.00% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -21.02% | +12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 3.72% | +2.62% |
Volatility
THQ vs. HQH - Volatility Comparison
Abrdn Healthcare Opportunities Fund (THQ) has a higher volatility of 7.28% compared to Tekla Healthcare Investors (HQH) at 6.31%. This indicates that THQ's price experiences larger fluctuations and is considered to be riskier than HQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THQ | HQH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 6.31% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 14.98% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 20.49% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 19.66% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.53% | 21.52% | -0.99% |
Dividends
THQ vs. HQH - Dividend Comparison
THQ's dividend yield for the trailing twelve months is around 11.78%, more than HQH's 10.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 10.93% | 11.56% | 14.21% | 9.66% | 9.50% | 8.59% | 7.97% | 8.24% | 10.75% | 8.78% | 9.80% | 11.97% |
THQ Abrdn Healthcare Opportunities Fund | 11.78% | 11.29% | 11.09% | 7.45% | 6.81% | 5.27% | 6.62% | 7.08% | 8.05% | 7.71% | 8.70% | 9.50% |
Frequently Asked Questions
THQ and HQH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THQ has higher volatility (7.28%) compared to HQH (6.31%). In terms of maximum drawdown, THQ dropped -39.35% vs HQH's -62.36%.
HQH currently has the higher Sharpe Ratio (2.70 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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