BR vs VEEV: Correlation
Broadridge Financial Solutions (BR) and Veeva Systems (VEEV) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and VEEV?
Across a 3-year window, the weekly returns of BR and VEEV correlate at 0.53, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.53). Stretching to 5 years gives 0.52, with an annualized covariance of 478.9 %².
By 3-year correlation, VEEV places #18 of the 45 assets tracked against BR. Their recent paths diverged sharply: over the last 12 months VEEV outperformed by 23.7 percentage points (-27.6% for BR against -3.9% for VEEV). On a rolling one-year basis the correlation drifted between 0.28 and 0.67, a moderate band. Note the risk asymmetry: VEEV runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BR vs VEEV: side by side
| BR (Broadridge Financial Solutions) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -27.6% | -3.9% |
| 5-year return | +16.0% | -15.2% |
| Volatility (ann.) | 22.6% | 40.0% |
| Beta vs S&P 500 | 0.65 | 0.99 |
| Max drawdown (3Y) | -48.2% | -50.5% |
| Market cap | $20.9B | $45.8B |
| P/E (trailing) | 18.9 | 46.3 |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | Health Care |
Year-by-year returns
| Year | BR | VEEV |
|---|---|---|
| 2022 | -25.3% | -36.8% |
| 2023 | +56.2% | +19.3% |
| 2024 | +11.7% | +9.2% |
| 2025 | +0.3% | +6.2% |
| 2026 | -17.0% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and VEEV good diversifiers for each other?
Only partially. A correlation of 0.53 means BR 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 BR and VEEV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.65 over the last year and 0.52 over 5 years.
Is VEEV a good diversifier for BR?
Only partially. A correlation of 0.53 means BR 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?
On the −1 to +1 scale, 0.53 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/br-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/br-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BR correlations · VEEV correlations
