QGEN vs TECH: Correlation
Measured on weekly returns over the past three years, Qiagen N.V. (QGEN) and Bio-Techne (TECH) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QGEN and TECH?
Across a 3-year window, the weekly returns of QGEN and TECH correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 667.2 %².
In QGEN's tracked universe of 11 assets, TECH sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months TECH outperformed by 37.6 percentage points (-8.0% for QGEN against +29.6% for TECH). Risk is not evenly split, since TECH carries 1.5 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.
QGEN vs TECH: side by side
| QGEN (Qiagen N.V.) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | -8.0% | +29.6% |
| 5-year return | -20.9% | -41.4% |
| Volatility (ann.) | 27.8% | 41.9% |
| Beta vs S&P 500 | 0.66 | 0.90 |
| Max drawdown (3Y) | -41.4% | -48.1% |
| Market cap | $9.0B | $11.4B |
| P/E (trailing) | 22.2 | 62.5 |
| Dividend yield | 0.84% | 0.44% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | QGEN | TECH |
|---|---|---|
| 2022 | -10.3% | -35.7% |
| 2023 | -12.9% | -6.5% |
| 2024 | +2.4% | -6.2% |
| 2025 | +1.5% | -17.9% |
| 2026 | -1.9% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QGEN and TECH good diversifiers for each other?
To a limited degree. At 0.57 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 QGEN and TECH?
As of 2026-08-27, the correlation of weekly returns between QGEN and TECH is 0.57 over 3 years, 0.57 over 1 year and 0.61 over 5 years.
Is TECH a good diversifier for QGEN?
To a limited degree. At 0.57 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 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qgen-vs-tech.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qgen-vs-tech/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QGEN correlations · TECH correlations
