ADSK vs VEEV: Correlation
How closely do Autodesk (ADSK) and Veeva Systems (VEEV) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and VEEV?
Across a 3-year window, the weekly returns of ADSK and VEEV correlate at 0.51, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.51). Stretching to 5 years gives 0.55, with an annualized covariance of 629.2 %².
By 3-year correlation, VEEV places #28 of the 44 assets tracked against ADSK. Their 12-month results are close: -5.4% for ADSK against -3.9% for VEEV. The rolling one-year correlation moved between 0.23 and 0.64 over the past three years, a moderate range.
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.
ADSK vs VEEV: side by side
| ADSK (Autodesk) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -5.4% | -3.9% |
| 5-year return | -13.7% | -15.2% |
| Volatility (ann.) | 30.9% | 40.0% |
| Beta vs S&P 500 | 1.04 | 0.99 |
| Max drawdown (3Y) | -42.6% | -50.5% |
| Market cap | $57.1B | $45.8B |
| P/E (trailing) | 37.2 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Health Care |
Year-by-year returns
| Year | ADSK | VEEV |
|---|---|---|
| 2022 | -33.5% | -36.8% |
| 2023 | +30.3% | +19.3% |
| 2024 | +21.4% | +9.2% |
| 2025 | +0.1% | +6.2% |
| 2026 | -8.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and VEEV good diversifiers for each other?
To a limited degree. At 0.51 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 ADSK and VEEV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.68 over the last year and 0.55 over 5 years.
Is VEEV a good diversifier for ADSK?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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/adsk-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adsk-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADSK correlations · VEEV correlations
