PCOR vs VEEV: Correlation
How closely do Procore Technologies, Inc. (PCOR) and Veeva Systems (VEEV) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCOR and VEEV?
On 3 years of weekly data the PCOR/VEEV correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.53). The 5-year figure is 0.56, and annualized covariance runs at 986.1 %².
By 3-year correlation, VEEV places #10 of the 21 assets tracked against PCOR. Neither side won the trailing year by much: -6.0% against -3.9%.
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.
PCOR vs VEEV: side by side
| PCOR (Procore Technologies, Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -6.0% | -3.9% |
| 5-year return | -32.7% | -15.2% |
| Volatility (ann.) | 46.4% | 40.0% |
| Beta vs S&P 500 | 1.31 | 0.99 |
| Max drawdown (3Y) | -56.6% | -50.5% |
| Market cap | $9.7B | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | PCOR | VEEV |
|---|---|---|
| 2022 | -41.0% | -36.8% |
| 2023 | +46.7% | +19.3% |
| 2024 | +8.2% | +9.2% |
| 2025 | -2.9% | +6.2% |
| 2026 | -12.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCOR and VEEV good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCOR and VEEV?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.72 over the last year and 0.56 over 5 years.
Is VEEV a good diversifier for PCOR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/pcor-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcor-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCOR correlations · VEEV correlations
