HURA vs IQV: Correlation
Measured on weekly returns over the past three years, TuHURA Biosciences, Inc. (HURA) and IQVIA (IQV) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURA and IQV?
Over the past 3 years, HURA and IQV moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.16 over 3. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -932.1 %².
Among the 29 assets we track against HURA, IQV ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IQV ahead by 65.6 points (-26.6% versus +39.0%). Note the risk asymmetry: HURA runs 4.0 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.
HURA vs IQV: side by side
| HURA (TuHURA Biosciences, Inc.) | IQV (IQVIA) | |
|---|---|---|
| 1-year return | -26.6% | +39.0% |
| 5-year return | -99.9% | +0.3% |
| Volatility (ann.) | 152.6% | 37.9% |
| Beta vs S&P 500 | 0.27 | 0.93 |
| Max drawdown (3Y) | -99.7% | -47.1% |
| Market cap | $0.1B | $43.2B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HURA | IQV |
|---|---|---|
| 2022 | -73.0% | -27.4% |
| 2023 | -97.5% | +12.9% |
| 2024 | -31.3% | -15.1% |
| 2025 | -81.5% | +14.7% |
| 2026 | +181.4% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURA and IQV good diversifiers for each other?
Yes. With a correlation of -0.16, HURA and IQV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HURA and IQV?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.22 over the last year and -0.05 over 5 years.
Is IQV a good diversifier for HURA?
Yes. With a correlation of -0.16, HURA and IQV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hura-vs-iqv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hura-vs-iqv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HURA correlations · IQV correlations
