ADBE vs VEEV: Correlation
Measured on weekly returns over the past three years, Adobe Inc. (ADBE) and Veeva Systems (VEEV) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and VEEV?
Over the past 3 years, ADBE and VEEV moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.53 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 746.3 %².
Among the 32 assets we track against ADBE, VEEV ranks #15 by 3-year correlation. Over the last 12 months VEEV came out ahead by 15.0 percentage points (-18.9% against -3.9%). Across three years, the rolling one-year figure varied moderately, from 0.21 to 0.68.
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.
ADBE vs VEEV: side by side
| ADBE (Adobe Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -18.9% | -3.9% |
| 5-year return | -56.6% | -15.2% |
| Volatility (ann.) | 35.1% | 40.0% |
| Beta vs S&P 500 | 1.04 | 0.99 |
| Max drawdown (3Y) | -69.5% | -50.5% |
| Market cap | $114.9B | $45.8B |
| P/E (trailing) | 15.6 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Health Care |
Year-by-year returns
| Year | ADBE | VEEV |
|---|---|---|
| 2022 | -40.7% | -36.8% |
| 2023 | +77.3% | +19.3% |
| 2024 | -25.5% | +9.2% |
| 2025 | -21.3% | +6.2% |
| 2026 | -17.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADBE and VEEV good diversifiers for each other?
Only partially. A correlation of 0.53 means ADBE and VEEV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADBE and VEEV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.68 over the last year and 0.55 over 5 years.
Is VEEV a good diversifier for ADBE?
Only partially. A correlation of 0.53 means ADBE and VEEV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/adbe-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adbe-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADBE correlations · VEEV correlations
