GDTC vs IQV: Correlation
CytoMed Therapeutics Limited (GDTC) and IQVIA (IQV) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and IQV?
On 3 years of weekly data the GDTC/IQV correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.16 over 3. The 5-year figure is n/a, and annualized covariance runs at -461.0 %².
By 3-year correlation, IQV places #10 of the 16 assets tracked against GDTC. Their recent paths diverged sharply: over the last 12 months IQV outperformed by 91.7 percentage points (-52.7% for GDTC against +39.0% for IQV). Note the risk asymmetry: GDTC runs 2.0 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.
GDTC vs IQV: side by side
| GDTC (CytoMed Therapeutics Limited) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | -52.7% | +39.0% |
| 5-year return | n/a | +0.3% |
| Volatility (ann.) | 75.2% | 37.9% |
| Beta vs S&P 500 | 0.08 | 0.93 |
| Max drawdown (3Y) | -86.1% | -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 | GDTC | IQV |
|---|---|---|
| 2022 | – | -27.4% |
| 2023 | – | +12.9% |
| 2024 | -30.6% | -15.1% |
| 2025 | -60.7% | +14.7% |
| 2026 | -28.8% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC 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 GDTC and IQV?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is IQV a good diversifier for GDTC?
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?
On the −1 to +1 scale, -0.16 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
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Related comparisons
Hubs: GDTC correlations · IQV correlations
