CRL vs IQV: Correlation
How closely do Charles River Laboratories (CRL) and IQVIA (IQV) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and IQV?
On 3 years of weekly data the CRL/IQV correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 1289.9 %².
IQV is one of the assets that tracks CRL most closely: it ranks #1 out of the 33 assets we track against CRL. The last year tells two different stories: CRL led by 43.1 percentage points, +82.1% for CRL against +39.0% for IQV. Stability stands out here, with the rolling one-year correlation confined to 0.62 through 0.82.
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.
CRL vs IQV: side by side
| CRL (Charles River Laboratories) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | +82.1% | +39.0% |
| 5-year return | -33.3% | +0.3% |
| Volatility (ann.) | 47.9% | 37.9% |
| Beta vs S&P 500 | 0.92 | 0.93 |
| Max drawdown (3Y) | -63.5% | -47.1% |
| Market cap | $14.3B | $43.2B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | CRL | IQV |
|---|---|---|
| 2022 | -42.2% | -27.4% |
| 2023 | +8.5% | +12.9% |
| 2024 | -21.9% | -15.1% |
| 2025 | +8.1% | +14.7% |
| 2026 | +48.6% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and IQV good diversifiers for each other?
Only partially. A correlation of 0.71 means CRL 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 CRL and IQV?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.77 over the last year and 0.73 over 5 years.
Is IQV a good diversifier for CRL?
Only partially. A correlation of 0.71 means CRL 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 0.71 mean?
On the −1 to +1 scale, 0.71 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/crl-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crl-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRL correlations · IQV correlations
