NOW vs VEEV: Correlation
Measured on weekly returns over the past three years, ServiceNow (NOW) and Veeva Systems (VEEV) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOW and VEEV?
Over the past 3 years, NOW and VEEV moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.51). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 886.9 %².
Among the 54 assets we track against NOW, VEEV ranks #32 by 3-year correlation. The last year tells two different stories: VEEV led by 18.2 percentage points, -22.1% for NOW against -3.9% for VEEV. The rolling one-year correlation moved between 0.23 and 0.67 over the past three years, a moderate range.
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.
NOW vs VEEV: side by side
| NOW (ServiceNow) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -22.1% | -3.9% |
| 5-year return | +7.9% | -15.2% |
| Volatility (ann.) | 43.2% | 40.0% |
| Beta vs S&P 500 | 1.38 | 0.99 |
| Max drawdown (3Y) | -64.5% | -50.5% |
| Market cap | $143.1B | $45.8B |
| P/E (trailing) | 78.7 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Health Care |
Year-by-year returns
| Year | NOW | VEEV |
|---|---|---|
| 2022 | -40.2% | -36.8% |
| 2023 | +82.0% | +19.3% |
| 2024 | +50.1% | +9.2% |
| 2025 | -27.7% | +6.2% |
| 2026 | -9.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOW and VEEV good diversifiers for each other?
To a limited degree. At 0.51 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 NOW and VEEV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.69 over the last year and 0.57 over 5 years.
Is VEEV a good diversifier for NOW?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/now-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/now-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NOW correlations · VEEV correlations
