IQV vs MRVI: Correlation
IQVIA (IQV) and Maravai LifeSciences Holdings, Inc. (MRVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and MRVI?
On 3 years of weekly data the IQV/MRVI correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 1461.5 %².
By 3-year correlation, MRVI places #20 of the 37 assets tracked against IQV. Correlation aside, the last 12 months split them widely, with MRVI ahead by 220.2 points (+39.0% versus +259.2%). Note the risk asymmetry: MRVI runs 2.3 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.
IQV vs MRVI: side by side
| IQV (IQVIA) | MRVI (Maravai LifeSciences Holdings, Inc.) | |
|---|---|---|
| 1-year return | +39.0% | +259.2% |
| 5-year return | +0.3% | -86.0% |
| Volatility (ann.) | 37.9% | 85.9% |
| Beta vs S&P 500 | 0.93 | 1.35 |
| Max drawdown (3Y) | -47.1% | -84.8% |
| Market cap | $43.2B | $3.1B |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IQV | MRVI |
|---|---|---|
| 2022 | -27.4% | -65.8% |
| 2023 | +12.9% | -54.2% |
| 2024 | -15.1% | -16.8% |
| 2025 | +14.7% | -40.4% |
| 2026 | +16.4% | +157.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and MRVI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IQV and MRVI?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.53 over the last year and 0.41 over 5 years.
Is MRVI a good diversifier for IQV?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/iqv-vs-mrvi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iqv-vs-mrvi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IQV correlations · MRVI correlations
