ISRG vs VEEV: Correlation
Measured on weekly returns over the past three years, Intuitive Surgical (ISRG) and Veeva Systems (VEEV) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISRG and VEEV?
On 3 years of weekly data the ISRG/VEEV correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 423.5 %².
By 3-year correlation, VEEV places #25 of the 36 assets tracked against ISRG. Correlation aside, the last 12 months split them widely, with VEEV ahead by 18.2 points (-22.1% versus -3.9%). On a rolling one-year basis the correlation drifted between 0.19 and 0.57, 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.
ISRG vs VEEV: side by side
| ISRG (Intuitive Surgical) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -22.1% | -3.9% |
| 5-year return | +4.0% | -15.2% |
| Volatility (ann.) | 31.1% | 40.0% |
| Beta vs S&P 500 | 1.20 | 0.99 |
| Max drawdown (3Y) | -45.6% | -50.5% |
| Market cap | $131.5B | $45.8B |
| P/E (trailing) | 42.5 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ISRG | VEEV |
|---|---|---|
| 2022 | -26.1% | -36.8% |
| 2023 | +27.1% | +19.3% |
| 2024 | +54.7% | +9.2% |
| 2025 | +8.5% | +6.2% |
| 2026 | -35.2% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISRG and VEEV good diversifiers for each other?
Reasonably. At 0.34, ISRG and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ISRG and VEEV?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.30 over the last year and 0.44 over 5 years.
Is VEEV a good diversifier for ISRG?
Reasonably. At 0.34, ISRG and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/isrg-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/isrg-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ISRG correlations · VEEV correlations
