BOX vs VEEV: Correlation
How closely do Box, Inc. (BOX) and Veeva Systems (VEEV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOX and VEEV?
Across a 3-year window, the weekly returns of BOX and VEEV correlate at 0.57, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.76 versus 0.57 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 714.8 %².
VEEV is one of the assets that tracks BOX most closely: it ranks #1 out of the 11 assets we track against BOX. The trailing year gives BOX the advantage: +7.0% versus -3.9%, a 10.9-point spread.
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.
BOX vs VEEV: side by side
| BOX (Box, Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +7.0% | -3.9% |
| 5-year return | +35.7% | -15.2% |
| Volatility (ann.) | 31.3% | 40.0% |
| Beta vs S&P 500 | 0.61 | 0.99 |
| Max drawdown (3Y) | -44.6% | -50.5% |
| Market cap | $4.8B | $45.8B |
| P/E (trailing) | 48.9 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BOX | VEEV |
|---|---|---|
| 2022 | +18.9% | -36.8% |
| 2023 | -17.7% | +19.3% |
| 2024 | +23.4% | +9.2% |
| 2025 | -5.3% | +6.2% |
| 2026 | +16.1% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOX and VEEV 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 BOX and VEEV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.76 over the last year and 0.44 over 5 years.
Is VEEV a good diversifier for BOX?
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?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/box-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/box-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOX correlations · VEEV correlations
