SKM vs VEEV: Correlation
SK Telecom Co., Ltd. (SKM) and Veeva Systems (VEEV) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKM and VEEV?
On 3 years of weekly data the SKM/VEEV correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.19). The 5-year figure is -0.04, and annualized covariance runs at -235.5 %².
By 3-year correlation, VEEV places #9 of the 26 assets tracked against SKM. Correlation aside, the last 12 months split them widely, with SKM ahead by 84.0 points (+80.1% versus -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.
SKM vs VEEV: side by side
| SKM (SK Telecom Co., Ltd.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +80.1% | -3.9% |
| 5-year return | +83.7% | -15.2% |
| Volatility (ann.) | 31.3% | 40.0% |
| Beta vs S&P 500 | 0.32 | 0.99 |
| Max drawdown (3Y) | -35.6% | -50.5% |
| Market cap | $15.2B | $45.8B |
| P/E (trailing) | 29.0 | 46.3 |
| Dividend yield | 4170.85% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | SKM | VEEV |
|---|---|---|
| 2022 | -17.8% | -36.8% |
| 2023 | +11.6% | +19.3% |
| 2024 | +2.9% | +9.2% |
| 2025 | +1.0% | +6.2% |
| 2026 | +92.3% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKM and VEEV good diversifiers for each other?
Yes. With a correlation of -0.19, SKM and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SKM and VEEV?
The SKM/VEEV correlation stands at -0.19 on a 3-year window (1 year: -0.35, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for SKM?
Yes. With a correlation of -0.19, SKM and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/skm-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/skm-vs-veev/)
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Related comparisons
Hubs: SKM correlations · VEEV correlations
