IQV vs VEEV: Correlation
IQVIA (IQV) and Veeva Systems (VEEV) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and VEEV?
On 3 years of weekly data the IQV/VEEV correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 692.4 %².
Among the 37 assets we track against IQV, VEEV ranks #19 by 3-year correlation. The last year tells two different stories: IQV led by 42.9 percentage points, +39.0% for IQV against -3.9% for VEEV. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.60.
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.
IQV vs VEEV: side by side
| IQV (IQVIA) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +39.0% | -3.9% |
| 5-year return | +0.3% | -15.2% |
| Volatility (ann.) | 37.9% | 40.0% |
| Beta vs S&P 500 | 0.93 | 0.99 |
| Max drawdown (3Y) | -47.1% | -50.5% |
| Market cap | $43.2B | $45.8B |
| P/E (trailing) | 32.6 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | IQV | VEEV |
|---|---|---|
| 2022 | -27.4% | -36.8% |
| 2023 | +12.9% | +19.3% |
| 2024 | -15.1% | +9.2% |
| 2025 | +14.7% | +6.2% |
| 2026 | +16.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and VEEV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IQV and VEEV?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.51 over 5 years.
Is VEEV a good diversifier for IQV?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IQV correlations · VEEV correlations
