BME vs IQV: Correlation
How closely do Blackrock Health Sciences Trust (BME) and IQVIA (IQV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and IQV?
On 3 years of weekly data the BME/IQV correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.57 over 3. The 5-year figure is 0.59, and annualized covariance runs at 307.9 %².
Among the 34 assets we track against BME, IQV ranks #12 by 3-year correlation. Twelve-month performance is nearly a tie, at +36.0% for BME and +39.0% for IQV. Note the risk asymmetry: IQV runs 2.6 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.
BME vs IQV: side by side
| BME (Blackrock Health Sciences Trust) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | +36.0% | +39.0% |
| 5-year return | +33.5% | +0.3% |
| Volatility (ann.) | 14.4% | 37.9% |
| Beta vs S&P 500 | 0.45 | 0.93 |
| Max drawdown (3Y) | -14.4% | -47.1% |
| Market cap | – | $43.2B |
| P/E (trailing) | 7.8 | 32.6 |
| Dividend yield | 6.80% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | IQV |
|---|---|---|
| 2022 | -4.6% | -27.4% |
| 2023 | -1.1% | +12.9% |
| 2024 | -0.1% | -15.1% |
| 2025 | +17.9% | +14.7% |
| 2026 | +17.9% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and IQV good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BME and IQV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.57 over the last year and 0.59 over 5 years.
Is IQV a good diversifier for BME?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bme-vs-iqv.json
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[](https://www.pairbook.io/pair/bme-vs-iqv/)
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Related comparisons
Hubs: BME correlations · IQV correlations
