PACS vs VEEV: Correlation
How closely do PACS Group, Inc. (PACS) and Veeva Systems (VEEV) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and VEEV?
On 3 years of weekly data the PACS/VEEV correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.22). The 5-year figure is n/a, and annualized covariance runs at -1099.9 %².
Among the 35 assets we track against PACS, VEEV ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PACS ahead by 276.9 points (+273.0% versus -3.9%). One caveat on sizing: PACS is 3.0 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.
PACS vs VEEV: side by side
| PACS (PACS Group, Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +273.0% | -3.9% |
| 5-year return | n/a | -15.2% |
| Volatility (ann.) | 120.5% | 40.0% |
| Beta vs S&P 500 | 0.06 | 0.99 |
| Max drawdown (3Y) | -82.0% | -50.5% |
| Market cap | $7.0B | $45.8B |
| P/E (trailing) | 25.9 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | PACS | VEEV |
|---|---|---|
| 2022 | – | -36.8% |
| 2023 | – | +19.3% |
| 2024 | – | +9.2% |
| 2025 | +192.8% | +6.2% |
| 2026 | +15.2% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and VEEV good diversifiers for each other?
Yes. With a correlation of -0.22, PACS and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PACS and VEEV?
The PACS/VEEV correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for PACS?
Yes. With a correlation of -0.22, PACS and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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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Related comparisons
Hubs: PACS correlations · VEEV correlations
