GEHC vs IQV: Correlation
GE HealthCare (GEHC) and IQVIA (IQV) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and IQV?
Over the past 3 years, GEHC and IQV moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 649.3 %².
By 3-year correlation, IQV places #21 of the 52 assets tracked against GEHC. Correlation aside, the last 12 months split them widely, with IQV ahead by 41.2 points (-2.2% versus +39.0%). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.72.
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.
GEHC vs IQV: side by side
| GEHC (GE HealthCare) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | -2.2% | +39.0% |
| 5-year return | n/a | +0.3% |
| Volatility (ann.) | 32.4% | 37.9% |
| Beta vs S&P 500 | 1.22 | 0.93 |
| Max drawdown (3Y) | -37.4% | -47.1% |
| Market cap | $32.7B | $43.2B |
| P/E (trailing) | 16.9 | 32.6 |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | GEHC | IQV |
|---|---|---|
| 2022 | – | -27.4% |
| 2023 | +32.6% | +12.9% |
| 2024 | +1.3% | -15.1% |
| 2025 | +5.1% | +14.7% |
| 2026 | -11.5% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and IQV good diversifiers for each other?
Only partially. A correlation of 0.53 means GEHC 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 GEHC and IQV?
The GEHC/IQV correlation stands at 0.53 on a 3-year window (1 year: 0.49, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is IQV a good diversifier for GEHC?
Only partially. A correlation of 0.53 means GEHC 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/gehc-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gehc-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEHC correlations · IQV correlations
