VEEV vs WDAY: Correlation
Measured on weekly returns over the past three years, Veeva Systems (VEEV) and Workday, Inc. (WDAY) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VEEV and WDAY?
Across a 3-year window, the weekly returns of VEEV and WDAY correlate at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.54 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 871.8 %².
Among the 34 assets we track against VEEV, WDAY ranks #4 by 3-year correlation. On 12-month performance VEEV holds a 11.8-point edge, -3.9% against -15.7%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.74.
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.
VEEV vs WDAY: side by side
| VEEV (Veeva Systems) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | -3.9% | -15.7% |
| 5-year return | -15.2% | -28.7% |
| Volatility (ann.) | 40.0% | 40.0% |
| Beta vs S&P 500 | 0.99 | 1.09 |
| Max drawdown (3Y) | -50.5% | -63.4% |
| Market cap | $45.8B | $47.8B |
| P/E (trailing) | 46.3 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | VEEV | WDAY |
|---|---|---|
| 2022 | -36.8% | -38.7% |
| 2023 | +19.3% | +65.0% |
| 2024 | +9.2% | -6.5% |
| 2025 | +6.2% | -16.8% |
| 2026 | +26.4% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VEEV and WDAY good diversifiers for each other?
To a limited degree. At 0.54 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 VEEV and WDAY?
The VEEV/WDAY correlation stands at 0.54 on a 3-year window (1 year: 0.73, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is WDAY a good diversifier for VEEV?
To a limited degree. At 0.54 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 0.54 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/veev-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/veev-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VEEV correlations · WDAY correlations
