IBB vs QGEN: Correlation
Measured on weekly returns over the past three years, iShares Biotechnology ETF (IBB) and Qiagen N.V. (QGEN) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBB and QGEN?
On 3 years of weekly data the IBB/QGEN correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.55 over 3. The 5-year figure is 0.59, and annualized covariance runs at 313.6 %².
Within IBB's tracked universe of 168 assets, QGEN comes in at #65 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBB ahead by 63.4 points (+55.4% versus -8.0%).
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.
IBB vs QGEN: side by side
| IBB (iShares Biotechnology ETF) | QGEN (Qiagen N.V.) | |
|---|---|---|
| 1-year return | +55.4% | -8.0% |
| 5-year return | +26.6% | -20.9% |
| Volatility (ann.) | 20.7% | 27.8% |
| Beta vs S&P 500 | 0.81 | 0.66 |
| Max drawdown (3Y) | -24.9% | -41.4% |
| Market cap | – | $9.0B |
| P/E (trailing) | – | 22.2 |
| Dividend yield | 0.22% | 0.84% |
| Expense ratio | 0.44% | – |
| Assets under management | $9.2B | – |
| Sector / category | ETF · Thematic | US Listed |
IBB, iShares's Health fund, carries $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | IBB | QGEN |
|---|---|---|
| 2022 | -13.7% | -10.3% |
| 2023 | +3.8% | -12.9% |
| 2024 | -2.4% | +2.4% |
| 2025 | +28.0% | +1.5% |
| 2026 | +27.4% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBB and QGEN good diversifiers for each other?
To a limited degree. At 0.55 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 IBB and QGEN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.58 over the last year and 0.59 over 5 years.
Is QGEN a good diversifier for IBB?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 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/ibb-vs-qgen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibb-vs-qgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IBB correlations · QGEN correlations
