VEEV vs ZETA: Correlation
How closely do Veeva Systems (VEEV) and Zeta Global Holdings Corp. (ZETA) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VEEV and ZETA?
Over the past 3 years, VEEV and ZETA moved with a correlation of 0.52, which is moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.52). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1507.6 %².
By 3-year correlation, ZETA places #11 of the 34 assets tracked against VEEV. Their recent paths diverged sharply: over the last 12 months ZETA outperformed by 55.6 percentage points (-3.9% for VEEV against +51.7% for ZETA). One caveat on sizing: ZETA is 1.8 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.
VEEV vs ZETA: side by side
| VEEV (Veeva Systems) | ZETA (Zeta Global Holdings Corp.) | |
|---|---|---|
| 1-year return | -3.9% | +51.7% |
| 5-year return | -15.2% | +373.7% |
| Volatility (ann.) | 40.0% | 71.9% |
| Beta vs S&P 500 | 0.99 | 2.30 |
| Max drawdown (3Y) | -50.5% | -70.0% |
| Market cap | $45.8B | $7.5B |
| P/E (trailing) | 46.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | VEEV | ZETA |
|---|---|---|
| 2022 | -36.8% | -3.0% |
| 2023 | +19.3% | +8.0% |
| 2024 | +9.2% | +104.0% |
| 2025 | +6.2% | +13.1% |
| 2026 | +26.4% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VEEV and ZETA good diversifiers for each other?
Only partially. A correlation of 0.52 means VEEV and ZETA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between VEEV and ZETA?
As of 2026-08-27, the correlation of weekly returns between VEEV and ZETA is 0.52 over 3 years, 0.73 over 1 year and 0.46 over 5 years.
Is ZETA a good diversifier for VEEV?
Only partially. A correlation of 0.52 means VEEV and ZETA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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-zeta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/veev-vs-zeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VEEV correlations · ZETA correlations
