A vs IQV: Correlation
How closely do Agilent Technologies (A) and IQVIA (IQV) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and IQV?
On 3 years of weekly data the A/IQV correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 712.9 %².
Among the 33 assets we track against A, IQV ranks #10 by 3-year correlation. The trailing year gives IQV the advantage: +33.9% versus +39.0%, a 5.1-point spread. Stability stands out here, with the rolling one-year correlation confined to 0.52 through 0.76.
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.
A vs IQV: side by side
| A (Agilent Technologies) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | +33.9% | +39.0% |
| 5-year return | -7.5% | +0.3% |
| Volatility (ann.) | 31.0% | 37.9% |
| Beta vs S&P 500 | 0.98 | 0.93 |
| Max drawdown (3Y) | -35.3% | -47.1% |
| Market cap | $44.5B | $43.2B |
| P/E (trailing) | 30.6 | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | A | IQV |
|---|---|---|
| 2022 | -5.5% | -27.4% |
| 2023 | -6.4% | +12.9% |
| 2024 | -2.7% | -15.1% |
| 2025 | +1.9% | +14.7% |
| 2026 | +16.6% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and IQV good diversifiers for each other?
Only partially. A correlation of 0.61 means A and IQV 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 A and IQV?
The A/IQV correlation stands at 0.61 on a 3-year window (1 year: 0.62, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is IQV a good diversifier for A?
Only partially. A correlation of 0.61 means A and IQV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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/a-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/a-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: A correlations · IQV correlations
