A system for correcting an IQ mismatch in a receiver mixer is disclosed and may include one or more circuits that generate an IQ correlation with a training signal having periodic, uncorrelated I and Q signals. The one or more circuits may estimate a gain mismatch based on a power estimate of the periodic, uncorrelated I and Q signals over a unit period. The one or more circuits may estimate a phase mismatch based on the IQ correlation over the unit period, and may apply at least one correction parameter to the receiver mixer. The at least one correction parameter may be based on the gain mismatch estimate and the phase mismatch estimate. The one or more circuits may provide the training signal on a closed RF signal path between a transmitter and the receiver mixer, and may estimate the IQ mismatch iteratively.