BTCT vs IQV: Correlation
How closely do BTC Digital Ltd. (BTCT) and IQVIA (IQV) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and IQV?
Across a 3-year window, the weekly returns of BTCT and IQV correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.19) runs above the 3-year figure (-0.16). Stretching to 5 years gives -0.10, with an annualized covariance of -3396.3 %².
By 3-year correlation, IQV places #18 of the 52 assets tracked against BTCT. Their recent paths diverged sharply: over the last 12 months IQV outperformed by 59.2 percentage points (-20.2% for BTCT against +39.0% for IQV). Risk is not evenly split, since BTCT carries 15.1 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.
BTCT vs IQV: side by side
| BTCT (BTC Digital Ltd.) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | -20.2% | +39.0% |
| 5-year return | -99.5% | +0.3% |
| Volatility (ann.) | 571.6% | 37.9% |
| Beta vs S&P 500 | -2.21 | 0.93 |
| Max drawdown (3Y) | -97.8% | -47.1% |
| Market cap | – | $43.2B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BTCT | IQV |
|---|---|---|
| 2022 | -97.6% | -27.4% |
| 2023 | +33.9% | +12.9% |
| 2024 | -0.8% | -15.1% |
| 2025 | -72.8% | +14.7% |
| 2026 | +61.5% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and IQV good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCT and IQV?
As of 2026-08-27, the correlation of weekly returns between BTCT and IQV is -0.16 over 3 years, 0.19 over 1 year and -0.10 over 5 years.
Is IQV a good diversifier for BTCT?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btct-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTCT correlations · IQV correlations
