IQV vs MLEC: Correlation
IQVIA (IQV) and Moolec Science SA (MLEC) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and MLEC?
Over the past 3 years, IQV and MLEC moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -823.1 %².
Out of 37 assets tracked against IQV, MLEC lands near the bottom at #34. The last year tells two different stories: IQV led by 103.3 percentage points, +39.0% for IQV against -64.3% for MLEC. One caveat on sizing: MLEC is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MLEC: side by side
| IQV (IQVIA) | MLEC (Moolec Science SA) | |
|---|---|---|
| 1-year return | +39.0% | -64.3% |
| 5-year return | +0.3% | -99.5% |
| Volatility (ann.) | 37.9% | 104.4% |
| Beta vs S&P 500 | 0.93 | -0.21 |
| Max drawdown (3Y) | -47.1% | -99.3% |
| Market cap | $43.2B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IQV | MLEC |
|---|---|---|
| 2022 | -27.4% | +22.7% |
| 2023 | +12.9% | -79.7% |
| 2024 | -15.1% | -67.5% |
| 2025 | +14.7% | -96.8% |
| 2026 | +16.4% | +78.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and MLEC good diversifiers for each other?
Yes. With a correlation of -0.21, IQV and MLEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IQV and MLEC?
The IQV/MLEC correlation stands at -0.21 on a 3-year window (1 year: -0.22, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is MLEC a good diversifier for IQV?
Yes. With a correlation of -0.21, IQV and MLEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-mlec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iqv-vs-mlec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IQV correlations · MLEC correlations
