CRL vs VEEV: Correlation
How closely do Charles River Laboratories (CRL) and Veeva Systems (VEEV) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and VEEV?
Over the past 3 years, CRL and VEEV moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 723.2 %².
By 3-year correlation, VEEV places #21 of the 33 assets tracked against CRL. Their recent paths diverged sharply: over the last 12 months CRL outperformed by 86.0 percentage points (+82.1% for CRL against -3.9% for VEEV). Across three years, the rolling one-year figure varied moderately, from 0.13 to 0.61.
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.
CRL vs VEEV: side by side
| CRL (Charles River Laboratories) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +82.1% | -3.9% |
| 5-year return | -33.3% | -15.2% |
| Volatility (ann.) | 47.9% | 40.0% |
| Beta vs S&P 500 | 0.92 | 0.99 |
| Max drawdown (3Y) | -63.5% | -50.5% |
| Market cap | $14.3B | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | CRL | VEEV |
|---|---|---|
| 2022 | -42.2% | -36.8% |
| 2023 | +8.5% | +19.3% |
| 2024 | -21.9% | +9.2% |
| 2025 | +8.1% | +6.2% |
| 2026 | +48.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and VEEV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRL and VEEV?
As of 2026-08-27, the correlation of weekly returns between CRL and VEEV is 0.38 over 3 years, 0.45 over 1 year and 0.43 over 5 years.
Is VEEV a good diversifier for CRL?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/crl-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crl-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRL correlations · VEEV correlations
