QGEN vs XLV: Correlation
Measured on weekly returns over the past three years, Qiagen N.V. (QGEN) and Health Care Select Sector SPDR Fund (XLV) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QGEN and XLV?
On 3 years of weekly data the QGEN/XLV correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.55 over 3. The 5-year figure is 0.56, and annualized covariance runs at 222.6 %².
By 3-year correlation, XLV places #5 of the 11 assets tracked against QGEN. Correlation aside, the last 12 months split them widely, with XLV ahead by 35.5 points (-8.0% versus +27.5%). One caveat on sizing: QGEN is 1.9 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.
QGEN vs XLV: side by side
| QGEN (Qiagen N.V.) | XLV (Health Care Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -8.0% | +27.5% |
| 5-year return | -20.9% | +37.4% |
| Volatility (ann.) | 27.8% | 14.7% |
| Beta vs S&P 500 | 0.66 | 0.42 |
| Max drawdown (3Y) | -41.4% | -17.1% |
| Market cap | $9.0B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 0.84% | 1.56% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $41.7B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLV sits in the Health category at State Street Investment Management, with $41.7B under management, 61 holdings, a 0.08% expense ratio, a 1.56% trailing dividend yield.
Year-by-year returns
| Year | QGEN | XLV |
|---|---|---|
| 2022 | -10.3% | -2.1% |
| 2023 | -12.9% | +2.1% |
| 2024 | +2.4% | +2.5% |
| 2025 | +1.5% | +14.5% |
| 2026 | -1.9% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QGEN and XLV good diversifiers for each other?
To a limited degree. At 0.55 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 XLV?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.53 over the last year and 0.56 over 5 years.
Is XLV a good diversifier for QGEN?
To a limited degree. At 0.55 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 0.55 mean?
A reading of 0.55 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/qgen-vs-xlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qgen-vs-xlv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QGEN correlations · XLV correlations
