IQV vs MEDP: Correlation
IQVIA (IQV) and Medpace Holdings, Inc. (MEDP) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and MEDP?
Over the past 3 years, IQV and MEDP moved with a correlation of 0.68, which is strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 1187.3 %².
Among the 37 assets we track against IQV, MEDP ranks #4 by 3-year correlation. The trailing year gives IQV the advantage: +39.0% versus +29.2%, a 9.8-point spread.
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 MEDP: side by side
| IQV (IQVIA) | MEDP (Medpace Holdings, Inc.) | |
|---|---|---|
| 1-year return | +39.0% | +29.2% |
| 5-year return | +0.3% | +231.5% |
| Volatility (ann.) | 37.9% | 46.4% |
| Beta vs S&P 500 | 0.93 | 1.04 |
| Max drawdown (3Y) | -47.1% | -39.4% |
| Market cap | $43.2B | $17.1B |
| P/E (trailing) | 32.6 | 36.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IQV | MEDP |
|---|---|---|
| 2022 | -27.4% | -2.4% |
| 2023 | +12.9% | +44.3% |
| 2024 | -15.1% | +8.4% |
| 2025 | +14.7% | +69.1% |
| 2026 | +16.4% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and MEDP good diversifiers for each other?
To a limited degree. At 0.68 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 IQV and MEDP?
As of 2026-08-27, the correlation of weekly returns between IQV and MEDP is 0.68 over 3 years, 0.61 over 1 year and 0.69 over 5 years.
Is MEDP a good diversifier for IQV?
To a limited degree. At 0.68 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 0.68 mean?
On the −1 to +1 scale, 0.68 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/iqv-vs-medp.json
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Related comparisons
Hubs: IQV correlations · MEDP correlations
