CRM vs VEEV: Correlation
Salesforce (CRM) and Veeva Systems (VEEV) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRM and VEEV?
Over the past 3 years, CRM and VEEV moved with a correlation of 0.57, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.57 over 3 years. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 855.7 %².
Among the 68 assets we track against CRM, VEEV ranks #30 by 3-year correlation. Over the last 12 months CRM came out ahead by 5.5 percentage points (+1.6% against -3.9%). On a rolling one-year basis the correlation drifted between 0.26 and 0.71, a moderate band.
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.
CRM vs VEEV: side by side
| CRM (Salesforce) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +1.6% | -3.9% |
| 5-year return | -3.2% | -15.2% |
| Volatility (ann.) | 37.6% | 40.0% |
| Beta vs S&P 500 | 1.21 | 0.99 |
| Max drawdown (3Y) | -58.7% | -50.5% |
| Market cap | $207.4B | $45.8B |
| P/E (trailing) | 18.8 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Health Care |
Year-by-year returns
| Year | CRM | VEEV |
|---|---|---|
| 2022 | -47.8% | -36.8% |
| 2023 | +98.5% | +19.3% |
| 2024 | +27.8% | +9.2% |
| 2025 | -20.2% | +6.2% |
| 2026 | -4.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRM 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 CRM and VEEV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.75 over the last year and 0.62 over 5 years.
Is VEEV a good diversifier for CRM?
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?
A reading of 0.57 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/crm-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crm-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRM correlations · VEEV correlations
