IQV vs MBRX: Correlation
How closely do IQVIA (IQV) and Moleculin Biotech, Inc. (MBRX) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and MBRX?
On 3 years of weekly data the IQV/MBRX correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -998.8 %².
Among the 37 assets we track against IQV, MBRX ranks #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IQV ahead by 134.5 points (+39.0% versus -95.5%). Risk is not evenly split, since MBRX carries 4.2 times the volatility of the other side.
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.
IQV vs MBRX: side by side
| IQV (IQVIA) | MBRX (Moleculin Biotech, Inc.) | |
|---|---|---|
| 1-year return | +39.0% | -95.5% |
| 5-year return | +0.3% | -99.9% |
| Volatility (ann.) | 37.9% | 160.4% |
| Beta vs S&P 500 | 0.93 | 1.10 |
| Max drawdown (3Y) | -47.1% | -99.9% |
| Market cap | $43.2B | – |
| P/E (trailing) | 32.6 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IQV | MBRX |
|---|---|---|
| 2022 | -27.4% | -43.0% |
| 2023 | +12.9% | -19.1% |
| 2024 | -15.1% | -86.8% |
| 2025 | +14.7% | -92.2% |
| 2026 | +16.4% | -79.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and MBRX 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 IQV and MBRX?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.21 over the last year and -0.08 over 5 years.
Is MBRX a good diversifier for IQV?
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?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IQV correlations · MBRX correlations
