CTKB vs IQV: Correlation
How closely do Cytek Biosciences, Inc. (CTKB) and IQVIA (IQV) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTKB and IQV?
Across a 3-year window, the weekly returns of CTKB and IQV correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1295.4 %².
Few assets follow CTKB as closely as IQV, which ranks #1 of 11 tracked partners. The last year tells two different stories: IQV led by 26.0 percentage points, +13.0% for CTKB against +39.0% for IQV. Note the risk asymmetry: CTKB runs 1.7 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.
CTKB vs IQV: side by side
| CTKB (Cytek Biosciences, Inc.) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | +13.0% | +39.0% |
| 5-year return | -77.1% | +0.3% |
| Volatility (ann.) | 66.0% | 37.9% |
| Beta vs S&P 500 | 1.34 | 0.93 |
| Max drawdown (3Y) | -74.6% | -47.1% |
| Market cap | $0.6B | $43.2B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CTKB | IQV |
|---|---|---|
| 2022 | -37.4% | -27.4% |
| 2023 | -10.7% | +12.9% |
| 2024 | -28.8% | -15.1% |
| 2025 | -22.2% | +14.7% |
| 2026 | -8.5% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTKB and IQV good diversifiers for each other?
To a limited degree. At 0.52 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 CTKB and IQV?
As of 2026-08-27, the correlation of weekly returns between CTKB and IQV is 0.52 over 3 years, 0.49 over 1 year and 0.43 over 5 years.
Is IQV a good diversifier for CTKB?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/ctkb-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctkb-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTKB correlations · IQV correlations
