DOX vs VEEV: Correlation
Amdocs Limited (DOX) and Veeva Systems (VEEV) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and VEEV?
Across a 3-year window, the weekly returns of DOX and VEEV correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 439.9 %².
Among the 22 assets we track against DOX, VEEV ranks #8 by 3-year correlation. The last year tells two different stories: VEEV led by 21.7 percentage points, -25.6% for DOX against -3.9% for VEEV. One caveat on sizing: VEEV is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DOX vs VEEV: side by side
| DOX (Amdocs Limited) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -25.6% | -3.9% |
| 5-year return | -8.4% | -15.2% |
| Volatility (ann.) | 21.3% | 40.0% |
| Beta vs S&P 500 | 0.54 | 0.99 |
| Max drawdown (3Y) | -45.5% | -50.5% |
| Market cap | $6.5B | $45.8B |
| P/E (trailing) | 14.8 | 46.3 |
| Dividend yield | 3.52% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | DOX | VEEV |
|---|---|---|
| 2022 | +23.8% | -36.8% |
| 2023 | -1.4% | +19.3% |
| 2024 | -0.9% | +9.2% |
| 2025 | -3.1% | +6.2% |
| 2026 | -20.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and VEEV good diversifiers for each other?
Only partially. A correlation of 0.52 means DOX 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 DOX and VEEV?
The DOX/VEEV correlation stands at 0.52 on a 3-year window (1 year: 0.57, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for DOX?
Only partially. A correlation of 0.52 means DOX 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 0.52 mean?
A reading of 0.52 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: DOX correlations · VEEV correlations
