EasyCompare

Relative Intelligence · Application Software

How Veeva Systems (VEEV) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on VEEV alone. It places VEEV (Veeva Systems Inc.) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where VEEV stands in the market, and of the alternatives worth a closer look.

Period covered: VEEV's full trading record, from October 2013 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against VEEV →Chart VEEV vs. 19 alternatives →
On this page12 sections

Key findings

How much would $10,000 in VEEV have grown?

This chart tracks a hypothetical $10,000 investment in VEEV over the past 12 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of VEEV over the same span and VEEV's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: VEEV began trading on October 16, 2013, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or two other sell-offs. It covers the most recent 12 years of VEEV's record, starting at the end of September 2014.

Choose a period

From the end of September 2014 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 145 of the 2,461 stocks and funds worth at least $500 million that traded the whole period ended ahead of VEEV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,0002014201620182020202220242026$10,000$20,000$50,000$100,000$200,00020142017202020232026
  • PANW$243,002+2,330% total · +30.5% a year
  • LLY$220,143+2,101% total · +29.4% a year
  • MPC$133,007+1,230% total · +24.1% a year
  • MSFT$131,479+1,215% total · +23.9% a year
  • NOW$113,946+1,039% total · +22.5% a year
  • VEEV$101,328+913% total · +21.3% a year
  • CRL$49,381+394% total · +14.2% a year
  • SPY (S&P 500)$47,240+372% total · +13.8% a year
  • SAP$34,730+247% total · +10.9% a year
  • HSTM$13,105+31.1% total · +2.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,542 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of VEEV; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • LLY$52,411+424% total · +39.3% a year
  • MEDP$32,977+230% total · +27.0% a year
  • MRK$22,538+125% total · +17.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • SAP$16,715+67.2% total · +10.8% a year
  • TMO$11,986+19.9% total · +3.7% a year
  • IQV$11,224+12.2% total · +2.3% a year
  • NOW$10,768+7.7% total · +1.5% a year
  • VEEV$9,905−0.9% total · −0.2% a year
  • CRL$7,149−28.5% total · −6.5% a year
Change the dates or add tickers to this chart in EasyCompare

VEEV at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: VEEV began trading on October 16, 2013, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or two other sell-offs.

The company

Market value
$52B
Industry
Software - Application
Price history from
October 2013

Returns

Past 1 year
+11.5%total return
Past 3 years
+59.0%+16.7% a year
Past 5 years
−0.4%−0.1% a year
Past 10 years
+715%+23.3% a year
Best calendar year
+93.5%2020
Worst calendar year
−36.8%2022
Losing years
3 of 12full calendar years

Risk

Volatility
39.6%typical yearly swing, 5 years
Sharpe ratio
0.19return per unit of risk, 5 years
Worst decline ever
−61.4%Oct 2013 to May 2014
From its all-time high
−6.6%below the peak

VEEV against the whole market

Where VEEV ranks among every stock and fund, and what across the market has done better.

How does VEEV rank among all stocks?

This section ranks VEEV on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how VEEV stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureVEEVRankStanding
1-year return+11.5%1,529 of 3,287top 47%
3-year return+59.0%1,414 of 3,017top 47%
5-year return−0.4%1,738 of 2,893bottom 41%
10-year return+715%185 of 2,202top 8%
Volatility, 5 years39.6%1,438 of 2,893top 50%
Sharpe ratio, 5 years0.191,857 of 2,893bottom 37%
Worst decline, past 10 years−55.7%701 of 2,187top 32%

What has beaten VEEV on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). VEEV sits where the dashed lines cross. Anything in the green box above and to the left earned more than VEEV with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to VEEV; faint dots are 92 more of the 1,735 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−10.0%0.0%10.0%20.0%30.0%40.0%50.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VEEVAAPL: +18.5% a year, volatility 28.0%GOOG: +19.0% a year, volatility 32.0%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%JNJ: +12.7% a year, volatility 17.9%DXJ: +26.6% a year, volatility 19.1%VRIG: +4.7% a year, volatility 1.3%LVHI: +17.0% a year, volatility 11.1%CSW: +17.1% a year, volatility 34.4%KO: +14.7% a year, volatility 16.8%BALT: +6.3% a year, volatility 3.3%CAT: +31.1% a year, volatility 31.9%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%FLRT: +6.0% a year, volatility 2.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%NTAP: +20.9% a year, volatility 35.3%IBM: +16.6% a year, volatility 30.5%PG: +5.1% a year, volatility 18.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%SMFG: +33.7% a year, volatility 29.4%BHP: +16.6% a year, volatility 31.4%AXP: +13.5% a year, volatility 29.3%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%VRTX: +22.6% a year, volatility 29.1%AZN: +8.7% a year, volatility 35.7%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%FLOT: +4.5% a year, volatility 1.8%TM: +5.0% a year, volatility 27.0%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%T: +9.8% a year, volatility 25.2%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%VTIP: +2.7% a year, volatility 2.9%UNP: +7.1% a year, volatility 22.9%VB: +6.2% a year, volatility 20.6%BLK: +7.1% a year, volatility 27.1%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%CTAS: +16.5% a year, volatility 23.1%TMUS: +6.4% a year, volatility 26.1%IEMG: +6.8% a year, volatility 19.4%VWO: +5.2% a year, volatility 17.5%EP-PC: +5.2% a year, volatility 8.9%CME: +11.2% a year, volatility 20.8%BKNG: +12.0% a year, volatility 33.2%JCI: +17.4% a year, volatility 29.1%ENB: +9.1% a year, volatility 18.9%RSG: +13.9% a year, volatility 18.5%CMI: +19.9% a year, volatility 29.0%ISRG: +5.2% a year, volatility 34.6%ADP: +9.0% a year, volatility 22.9%UL: +5.5% a year, volatility 21.5%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%WM: +9.3% a year, volatility 19.2%GSK: +9.5% a year, volatility 24.5%ESLT: +39.8% a year, volatility 34.6%VEEV: −0.1% a year, volatility 39.6%SPY (S&P 500): +12.7% a year, volatility 17.1%LLY: +40.7% a year, volatility 32.8%MRK: +16.3% a year, volatility 24.8%SAP: +11.5% a year, volatility 30.0%TMO: +2.9% a year, volatility 27.8%IQV: +1.3% a year, volatility 34.7%HSTM: +3.9% a year, volatility 29.4%PANW: +31.9% a year, volatility 43.4%MSFT: +12.5% a year, volatility 28.2%V: +12.8% a year, volatility 22.9%MA: +12.4% a year, volatility 23.8%ADI: +19.5% a year, volatility 34.1%QCOM: +8.2% a year, volatility 42.8%MPC: +51.2% a year, volatility 33.4%SGOV: +3.8% a year, volatility 0.3%PGR: +21.3% a year, volatility 25.6%RY: +17.3% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%VLO: +44.2% a year, volatility 36.9%HPE: +32.9% a year, volatility 42.2%SHM: +0.8% a year, volatility 2.2%CAH: +42.1% a year, volatility 24.7%PBR-A: +51.8% a year, volatility 37.5%VEEVSPY (S&P 500)LLYMRKSAPTMOIQVPANWADIQCOMMPCSGOVPGRRYJAAAVLOHPESHMCAHPBR-A−10.0%0.0%10.0%20.0%30.0%40.0%50.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than VEEVAAPL: +18.5% a year, volatility 28.0%GOOG: +19.0% a year, volatility 32.0%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%JNJ: +12.7% a year, volatility 17.9%DXJ: +26.6% a year, volatility 19.1%VRIG: +4.7% a year, volatility 1.3%LVHI: +17.0% a year, volatility 11.1%CSW: +17.1% a year, volatility 34.4%KO: +14.7% a year, volatility 16.8%BALT: +6.3% a year, volatility 3.3%CAT: +31.1% a year, volatility 31.9%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%FLRT: +6.0% a year, volatility 2.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%NTAP: +20.9% a year, volatility 35.3%IBM: +16.6% a year, volatility 30.5%PG: +5.1% a year, volatility 18.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%SMFG: +33.7% a year, volatility 29.4%BHP: +16.6% a year, volatility 31.4%AXP: +13.5% a year, volatility 29.3%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%VRTX: +22.6% a year, volatility 29.1%AZN: +8.7% a year, volatility 35.7%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%FLOT: +4.5% a year, volatility 1.8%TM: +5.0% a year, volatility 27.0%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%T: +9.8% a year, volatility 25.2%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%VTIP: +2.7% a year, volatility 2.9%UNP: +7.1% a year, volatility 22.9%VB: +6.2% a year, volatility 20.6%BLK: +7.1% a year, volatility 27.1%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%CTAS: +16.5% a year, volatility 23.1%TMUS: +6.4% a year, volatility 26.1%IEMG: +6.8% a year, volatility 19.4%VWO: +5.2% a year, volatility 17.5%EP-PC: +5.2% a year, volatility 8.9%CME: +11.2% a year, volatility 20.8%BKNG: +12.0% a year, volatility 33.2%JCI: +17.4% a year, volatility 29.1%ENB: +9.1% a year, volatility 18.9%RSG: +13.9% a year, volatility 18.5%CMI: +19.9% a year, volatility 29.0%ISRG: +5.2% a year, volatility 34.6%ADP: +9.0% a year, volatility 22.9%UL: +5.5% a year, volatility 21.5%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%WM: +9.3% a year, volatility 19.2%GSK: +9.5% a year, volatility 24.5%ESLT: +39.8% a year, volatility 34.6%VEEV: −0.1% a year, volatility 39.6%SPY (S&P 500): +12.7% a year, volatility 17.1%LLY: +40.7% a year, volatility 32.8%MRK: +16.3% a year, volatility 24.8%SAP: +11.5% a year, volatility 30.0%TMO: +2.9% a year, volatility 27.8%IQV: +1.3% a year, volatility 34.7%HSTM: +3.9% a year, volatility 29.4%PANW: +31.9% a year, volatility 43.4%MSFT: +12.5% a year, volatility 28.2%V: +12.8% a year, volatility 22.9%MA: +12.4% a year, volatility 23.8%ADI: +19.5% a year, volatility 34.1%QCOM: +8.2% a year, volatility 42.8%MPC: +51.2% a year, volatility 33.4%SGOV: +3.8% a year, volatility 0.3%PGR: +21.3% a year, volatility 25.6%RY: +17.3% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%VLO: +44.2% a year, volatility 36.9%HPE: +32.9% a year, volatility 42.2%SHM: +0.8% a year, volatility 2.2%CAH: +42.1% a year, volatility 24.7%PBR-A: +51.8% a year, volatility 37.5%VEEVSPY (S&P 500)LLYMRKTMOIQVHSTMPANWADIQCOMMPCSGOVPGRRYJAAAVLOHPESHMCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than VEEV?

Investments that beat VEEV over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat VEEV over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks VEEV's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than VEEV follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than VEEV's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× VEEV's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than VEEV's.

Screen the whole market against VEEV for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with VEEV?lower diversifies moreExpenseper year
VEEVVeeva Systems Inc. · this page
−0.1%39.6%0.19−55.7%+715%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.380.09%
Popular alternativesbest 6 shownThe investments people most often weigh against VEEV. 7 of 17 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.01—
MRKMerck & Co., Inc. · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst decline+16.3%24.8%0.74−43.4%+241%0.13—
SAPSAP SE · Enterprise Software
Higher return, lower volatility+11.5%30.0%0.52−52.5%+205%0.51—
TMOThermo Fisher Scientific Inc. · Life Sciences Tools
Higher return, lower volatility+2.9%27.8%0.24−40.9%+366%0.33—
IQVIQVIA Holdings Inc. · Contract Research
Higher return, lower volatility+1.3%34.7%0.21−51.5%+260%0.40—
HSTMHealthStream, Inc. · Medical - Healthcare Information Services
Higher return, lower volatility+3.9%29.4%0.28−42.7%+32.0%0.23—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Application Software and Software and the categories next to it (Enterprise Software, Payment Processing, Semiconductors), plus VEEV's specific themes. 39 of 129 passed at least one test.
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+31.9%43.4%0.86−48.0%+1,274%0.32—
MSFTMicrosoft Corporation · Software
Higher return, lower volatilityHigher Sharpe, smaller worst decline+12.5%28.2%0.56−37.1%+946%0.48—
VVisa Inc. · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst decline+12.8%22.9%0.64−36.4%+429%0.30—
MAMastercard Incorporated · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst decline+12.4%23.8%0.61−41.0%+541%0.33—
ADIAnalog Devices, Inc. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst decline+19.5%34.1%0.69−33.6%+652%-0.03—
QCOMQUALCOMM Incorporated · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst decline+8.2%42.8%0.40−44.3%+239%0.15—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 2,048 of 3,487 passed at least one test.
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, lower volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.33—
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+3.8%0.3%13.25−0.3%—0.140.09%
PGRThe Progressive Corporation · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+21.3%25.6%0.89−30.3%+816%0.07—
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+17.3%18.2%0.97−40.0%+352%0.08—
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+5.1%1.7%2.98−2.6%—0.190.20%
VLOValero Energy Corporation · Oil & Gas
Higher return, lower volatilityHigher return in most periods+44.2%36.9%1.18−71.9%+1,061%0.21—
HPEHewlett Packard Enterprise Company · Computer Hardware
Higher return, similar volatilityHigher return in most periods+32.9%42.2%0.89−56.9%+483%0.27—
SHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETF · Bonds
Similar return, lower volatilityHigher Sharpe, smaller worst decline+0.8%2.2%0.38−11.6%+11.8%0.350.20%
What these numbers mean for VEEV
Annual return
VEEV lost 0.1% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $9,960. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
VEEV's volatility over the past 5 years was 39.6%, 2.3 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VEEV's return lands within 39.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
VEEV's Sharpe ratio over the past 5 years was 0.19, against 0.79 for the S&P 500, so VEEV earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
VEEV's worst fall from a peak to a low over the past 10 years was 55.7%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 55.7% fall takes a 126% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, VEEV's monthly returns had a correlation of 0.38 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against VEEV instead: the lower it is, the more that option would diversify a VEEV holding. Guide: Correlation and diversification →
Show all 1,735 stocks and funds worth at least $500 million that earned more than VEEV with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with VEEVExpense
1
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+1,387%0.33—
2
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%—0.140.09%
3
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.07—
4
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.08—
5
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—0.190.20%
6
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.13—
7
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.17—
8
GOOGAlphabet Inc. · Internet Services
Whole market+19.0%32.0%0.71−44.6%+752%0.05—
9
LLYEli Lilly and Company · Pharmaceuticals
Popular alternative+40.7%32.8%1.21−34.5%+1,807%-0.01—
10
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.390.03%
11
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.380.03%
12
VLOValero Energy Corporation · Oil & Gas
Whole market+44.2%36.9%1.18−71.9%+1,061%0.21—
13
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.08—
14
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.15—
15
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.28—
16
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.15—
17
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.07—
18
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.210.48%
19
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
Whole market+4.7%1.3%3.51−13.1%+40.5%0.070.30%
20
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.110.40%
21
CSWCSW Industrials, Inc. · Industrial Products
Whole market+17.1%34.4%0.63−46.2%+867%0.18—
22
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.10—
23
BALTInnovator Defined Wealth Shield ETF · Crypto
Whole market+6.3%3.3%1.85−4.9%—0.370.69%
24
CATCaterpillar Inc. · Industrial Machinery
Whole market+31.1%31.9%1.01−43.4%+936%0.11—
25
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.28—
26
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.310.05%
27
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.360.18%
28
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.07—
29
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.23—
30
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.06—
31
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.06—
32
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+965%0.22—
33
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.290.03%
34
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials
Whole market+6.0%2.3%2.55−21.0%+58.0%0.310.60%
35
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.08—
36
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.15—
37
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.6%28.6%0.77−48.8%+521%0.28—
38
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.300.03%
39
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.11—
40
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.11—
41
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%-0.03—
42
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.130.40%
43
NTAPNetApp, Inc. · Computer Hardware
Whole market+20.9%35.3%0.71−58.1%+691%0.26—
44
IBMInternational Business Machines Corporation · IT Services
Whole market+16.6%30.5%0.66−41.1%+151%0.27—
45
PGThe Procter & Gamble Company · Household & Personal Products
Whole market+5.1%18.3%0.37−23.8%+145%0.12—
46
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.18—
47
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.360.09%
48
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.05—
49
BHPBHP Group Limited · Metals & Mining
Whole market+16.6%31.4%0.65−44.3%+398%0.11—
50
AXPAmerican Express Company · Consumer Finance
Whole market+13.5%29.3%0.58−49.6%+446%0.21—
51
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%-0.04—
52
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+2,045%0.10—
53
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%0.17—
54
AZNAstraZeneca PLC · Pharmaceuticals
Whole market+8.7%35.7%0.41−28.7%+257%-0.06—
55
ETNEaton Corporation plc · Electrical Equipment
Whole market+20.4%32.1%0.74−44.5%+657%0.20—
56
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.28—
57
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.13—
58
VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity
Whole market+6.8%17.6%0.47−39.4%+198%0.370.03%
59
DEDeere & Company · Industrial Machinery
Whole market+14.4%29.9%0.60−37.9%+755%0.23—
60
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.360.04%
61
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.08—
62
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.21—
63
FLOTiShares Floating Rate Bond ETF · Floating Rate Bonds
Whole market+4.5%1.8%2.48−13.5%+35.9%0.050.15%
64
TMToyota Motor Corporation · Automobiles
Whole market+5.0%27.0%0.32−36.8%+129%0.27—
65
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.20—
66
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.240.06%
67
TAT&T Inc. · Integrated Telecommunications
Whole market+9.8%25.2%0.50−39.4%+60.7%0.14—
68
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.26—
69
BNSThe Bank of Nova Scotia · Banks
Whole market+12.9%19.9%0.71−46.9%+187%0.24—
70
RIORio Tinto Group · Metals & Mining
Whole market+12.2%29.0%0.54−37.5%+464%0.02—
71
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Whole market+2.7%2.9%0.94−6.3%+32.7%0.140.03%
72
UNPUnion Pacific Corporation · Railroads
Whole market+7.1%22.9%0.42−38.7%+295%0.30—
73
VBVanguard Morningstar Small-Cap ETF · US Small-Cap Equity
Whole market+6.2%20.6%0.40−42.0%+179%0.320.03%
74
BLKBlackRock, Inc. · Asset Management
Whole market+7.1%27.1%0.39−43.9%+313%0.37—
75
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.03—
76
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+11.1%24.2%0.56−36.7%+204%0.01—
77
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.380.06%
78
SOThe Southern Company · Electric Utilities
Whole market+11.3%18.8%0.67−38.4%+170%-0.13—
79
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.33—
80
TMUST-Mobile US, Inc. · Telecommunications
Whole market+6.4%26.1%0.37−44.0%+253%0.16—
81
IEMGiShares Core MSCI Emerging Markets ETF · Emerging Markets Equity
Whole market+6.8%19.4%0.44−38.7%+122%0.260.09%
82
VWOVanguard FTSE Emerging Markets ETF · Emerging Markets Equity
Whole market+5.2%17.5%0.38−36.4%+102%0.270.06%
83
EP-PCEl Paso Energy Capital Trust I PFD CV TR SECS · Preferred Stocks
Whole market+5.2%8.9%0.61−25.4%+37.8%0.02—
84
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%0.33—
85
BKNGBooking Holdings Inc. · Travel Services
Whole market+12.0%33.2%0.51−47.8%+186%0.25—
86
JCIJohnson Controls International plc · Building Products
Whole market+17.4%29.1%0.70−46.4%+426%0.14—
87
ENBEnbridge Inc. · Oil & Gas Midstream
Whole market+9.1%18.9%0.56−44.1%+103%0.10—
88
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.29—
89
CMICummins Inc. · Industrial Machinery
Whole market+19.9%29.0%0.77−44.0%+444%0.07—
90
ISRGIntuitive Surgical, Inc. · Medical Devices
Whole market+5.2%34.6%0.32−49.9%+478%0.27—
91
ADPAutomatic Data Processing, Inc. · Business Services
Whole market+9.0%22.9%0.49−40.8%+320%0.46—
92
ULUnilever PLC · Household & Personal Products
Whole market+5.5%21.5%0.36−30.1%+89.8%0.16—
93
PJULInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+10.5%8.6%1.20−18.2%—0.450.79%
94
RSPInvesco S&P 500 Equal Weight ETF · US Large-Cap Equity
Whole market+8.2%16.1%0.57−39.0%+211%0.340.20%
95
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.10—
96
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.25—
97
WPMWheaton Precious Metals Corp. · Metals & Mining
Whole market+27.5%36.9%0.85−46.7%+510%0.18—
98
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.13—
99
GSKGSK plc · Pharmaceuticals
Whole market+9.5%24.5%0.49−37.6%+95.1%0.13—
100
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+765%0.01—

VEEV against its popular alternatives

The investments people most often weigh against VEEV, compared period by period and year by year.

How do VEEV's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at VEEV, which divides the map into what did better or worse on each measure.

Green points earned more than VEEV with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVEEV: −0.1% a year, volatility 39.6%SPY (S&P 500): 12.7% a year, volatility 17.1%LLY: 40.7% a year, volatility 32.8%SAP: 11.5% a year, volatility 30.0%CRL: −5.6% a year, volatility 43.9%HSTM: 3.9% a year, volatility 29.4%TMO: 2.9% a year, volatility 27.8%IQV: 1.3% a year, volatility 34.7%MRK: 16.3% a year, volatility 24.8%EVH: −30.3% a year, volatility 63.4%DOCS: −14.4% a year, volatility 65.8%WDAY: −5.9% a year, volatility 41.7%CERT: −23.9% a year, volatility 55.7%PHR: −28.9% a year, volatility 60.6%MEDP: 27.1% a year, volatility 52.0%NOW: 1.9% a year, volatility 45.5%ORCL: 7.7% a year, volatility 44.3%CRM: −3.2% a year, volatility 39.4%DHR: −3.8% a year, volatility 29.1%VEEVSPY (S&P 500)LLYSAPCRLHSTMTMOIQVMRKEVHDOCSWDAYCERTPHRMEDPNOWORCLDHR10.0%20.0%30.0%40.0%50.0%60.0%70.0%−40.0%−20.0%0.0%20.0%40.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityVEEV: −0.1% a year, volatility 39.6%SPY (S&P 500): 12.7% a year, volatility 17.1%LLY: 40.7% a year, volatility 32.8%SAP: 11.5% a year, volatility 30.0%CRL: −5.6% a year, volatility 43.9%HSTM: 3.9% a year, volatility 29.4%TMO: 2.9% a year, volatility 27.8%IQV: 1.3% a year, volatility 34.7%MRK: 16.3% a year, volatility 24.8%EVH: −30.3% a year, volatility 63.4%DOCS: −14.4% a year, volatility 65.8%WDAY: −5.9% a year, volatility 41.7%CERT: −23.9% a year, volatility 55.7%PHR: −28.9% a year, volatility 60.6%MEDP: 27.1% a year, volatility 52.0%NOW: 1.9% a year, volatility 45.5%ORCL: 7.7% a year, volatility 44.3%CRM: −3.2% a year, volatility 39.4%DHR: −3.8% a year, volatility 29.1%VEEVSPY (S&P 500)LLYCRLHSTMTMOEVHDOCSWDAYCERTPHRMEDPNOWORCLDHR
All figures
InvestmentAnnual returnVolatility
LLY Eli Lilly and Company+40.7%32.8%
MEDP Medpace Holdings, Inc.+27.1%52.0%
MRK Merck & Co., Inc.+16.3%24.8%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
SAP SAP SE+11.5%30.0%
ORCL Oracle Corporation+7.7%44.3%
HSTM HealthStream, Inc.+3.9%29.4%
TMO Thermo Fisher Scientific Inc.+2.9%27.8%
NOW ServiceNow, Inc.+1.9%45.5%
IQV IQVIA Holdings Inc.+1.3%34.7%
VEEV This pageVeeva Systems Inc.−0.1%39.6%
CRM Salesforce, Inc.−3.2%39.4%
DHR Danaher Corporation−3.8%29.1%
CRL Charles River Laboratories International, Inc.−5.6%43.9%
WDAY Workday, Inc.−5.9%41.7%
DOCS Doximity, Inc.−14.4%65.8%
CERT Certara, Inc.−23.9%55.7%
PHR Phreesia, Inc.−28.9%60.6%
EVH Evolent Health, Inc.−30.3%63.4%
Open these 19 in EasyCompare

Has VEEV consistently beaten its popular alternatives?

This section compares VEEV with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than VEEV helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than VEEV over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
VEEV Veeva Systems Inc. (this page)—+22.0%+61.4%+88.7%+45.2%+11.5%+59.0%−0.4%+715%39.6%0.19−55.7%—$52B—
MEDP Medical - Diagnostics & ResearchMedpace Holdings, Inc.1/5 short3/3 long−0.3%+17.9%+17.8%+9.0%+14.3%+172%+231%+1,914%52.0%0.70−42.9%—$17B—
LLY Drug Manufacturers - GeneralEli Lilly and Company1/5 short3/3 long+10.2%+12.1%+40.0%+19.4%+59.7%+124%+451%+1,807%32.8%1.21−34.5%—$1.2T—
NOW Software - ApplicationServiceNow, Inc.0/5 short2/3 long+8.6%+42.8%+50.0%+1.4%−18.5%+37.8%+9.8%+848%45.5%0.27−64.5%—$155B—
SAP Software - ApplicationSAP SE0/5 short2/3 long+9.4%+44.6%+29.6%−2.1%−16.6%+81.3%+72.6%+205%30.0%0.52−52.5%—$267B—
CRL Medical - Diagnostics & ResearchCharles River Laboratories International, Inc.2/5 short1/3 long+13.1%+43.6%+70.0%+55.8%+71.3%+70.1%−25.1%+280%43.9%0.09−78.2%—$15B—
HSTM Medical - Healthcare Information ServicesHealthStream, Inc.2/5 short1/3 long+16.1%+19.3%+58.7%+48.8%+25.8%+54.1%+21.2%+32.0%29.4%0.28−42.7%—$1.0B—
TMO Medical - Diagnostics & ResearchThermo Fisher Scientific Inc.1/5 short1/3 long+4.3%+30.7%+30.9%+16.3%+26.8%+49.5%+15.1%+366%27.8%0.24−40.9%—$254B—
IQV Medical - Diagnostics & ResearchIQVIA Holdings Inc.1/5 short1/3 long−0.8%+31.4%+51.5%+18.8%+26.3%+45.3%+6.5%+260%34.7%0.21−51.5%—$44B—
MRK Drug Manufacturers - GeneralMerck & Co., Inc.1/5 short1/3 long−0.8%+19.9%+28.3%+42.2%+76.8%+58.3%+113%+241%24.8%0.74−43.4%—$366B—
ORCL Software - InfrastructureOracle Corporation0/5 short1/3 long−11.4%+8.4%−25.6%−32.1%−52.1%+33.3%+45.1%+300%44.3%0.38−64.6%—$396B—
EVH Medical - Healthcare Information ServicesEvolent Health, Inc.1/5 short0/3 long+32.0%−17.9%+66.2%+25.2%−37.2%−81.9%−83.5%−79.5%63.4%-0.24−94.5%—$548M—
DOCS Medical - Healthcare Information ServicesDoximity, Inc.1/5 short0/3 long+24.3%+53.5%+36.7%−23.0%−51.0%+51.0%−54.1%—65.8%0.08−82.3%—$5.9B—
CRM Software - ApplicationSalesforce, Inc.0/5 short0/3 long+2.5%+39.7%+30.7%−3.8%−3.9%+21.3%−14.8%+240%39.4%0.12−58.7%—$200B—
DHR Medical - Diagnostics & ResearchDanaher Corporation0/5 short0/3 long+4.0%+11.6%+15.0%−2.2%+8.3%+10.8%−17.6%+232%29.1%0.01−43.8%—$157B—
WDAY Software - ApplicationWorkday, Inc.0/5 short0/3 long+6.3%+38.6%+59.4%−0.9%−15.4%−3.4%−26.4%+132%41.7%0.06−63.4%—$49B—
CERT Medical - Healthcare Information ServicesCertara, Inc.0/5 short0/3 long+14.8%+41.0%+58.1%+12.0%−20.5%−27.6%−74.4%—55.7%-0.21−90.1%—$1.5B—
PHR Medical - Healthcare Information ServicesPhreesia, Inc.0/5 short0/3 long+20.1%+12.8%+27.8%−26.1%−47.5%−20.2%−81.8%—60.6%-0.26−90.0%—$748M—
TEM Medical - Healthcare Information ServicesTempus AI, Inc.0/5 short0/3 long−14.5%+37.9%+17.6%+7.0%−27.8%—————−59.8%—$12B—
WAY Medical - Healthcare Information ServicesWaystar Holding Corp.0/5 short0/3 long+12.1%+30.4%+7.9%−8.2%−22.1%—————−61.8%—$5.5B—
Open these 20 in EasyCompare

How did VEEV do year by year?

This table shows each investment's total return in every full calendar year since 2014, along with where VEEV ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with VEEV and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: VEEV began trading on October 16, 2013, so the table starts with 2014, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or two other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of VEEV; gray means the two finished within a fraction of a point. The rank row places VEEV among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of VEEV202520242023202220212020201920182017201620152014
VEEV This pageVeeva Systems Inc.—+6.2%+9.2%+19.3%−36.8%−6.2%+93.5%+57.5%+61.6%+35.8%+41.1%+9.2%−17.7%
Rank among alternativesTop quarter in 4 of 129 of 208 of 188 of 1813 of 1815 of 173 of 163 of 152 of 155 of 152 of 149 of 1312 of 13
SPY S&P 500State Street SPDR S&P 500 ETF6 of 12+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%
MEDP Medpace Holdings, Inc.4 of 9+69.1%+8.4%+44.3%−2.4%+56.4%+65.6%+58.8%+46.0%+0.5%———
LLY Eli Lilly and Company7 of 12+40.3%+33.3%+60.9%+34.3%+66.1%+31.0%+16.2%+40.5%+17.8%−10.4%+25.4%+39.8%
NOW ServiceNow, Inc.6 of 12−27.8%+50.0%+82.0%−40.2%+17.9%+95.0%+58.6%+36.5%+75.4%−14.1%+27.6%+21.2%
SAP SAP SE5 of 12−0.4%+61.3%+52.3%−24.2%+9.2%−1.3%+36.4%−10.0%+31.7%+11.1%+15.3%−18.6%
CRL Charles River Laboratories International, Inc.5 of 12+8.1%−21.9%+8.5%−42.2%+50.8%+63.6%+35.0%+3.4%+43.6%−5.2%+26.3%+20.0%
HSTM HealthStream, Inc.4 of 12−27.1%+18.1%+9.2%−5.8%+20.7%−19.7%+12.6%+8.7%−7.5%+13.9%−25.4%−9.7%
TMO Thermo Fisher Scientific Inc.5 of 12+11.8%−1.7%−3.4%−17.3%+43.5%+43.7%+45.6%+18.2%+35.0%−0.1%+13.8%+13.1%
IQV IQVIA Holdings Inc.5 of 12+14.7%−15.1%+12.9%−27.4%+57.5%+16.0%+33.0%+18.7%+28.7%+10.8%+16.6%+27.0%
MRK Merck & Co., Inc.4 of 12+9.8%−6.3%+1.0%+49.4%+1.8%−7.2%+22.3%+40.0%−1.5%+15.0%−3.9%+16.9%
ORCL Oracle Corporation6 of 12+18.1%+60.0%+30.9%−4.7%+36.9%+24.3%+19.4%−3.0%+24.9%+6.9%−17.6%+19.0%
EVH Evolent Health, Inc.2 of 10−64.4%−65.9%+17.6%+1.5%+72.6%+77.1%−54.6%+62.2%−16.9%+22.2%——
DOCS Doximity, Inc.2 of 4−17.1%+90.4%−16.4%−33.1%————————
CRM Salesforce, Inc.6 of 12−20.2%+27.8%+98.5%−47.8%+14.2%+36.8%+18.7%+34.0%+49.3%−12.7%+32.2%+7.5%
DHR Danaher Corporation4 of 12+0.4%−0.4%−1.2%−19.0%+48.6%+45.4%+49.5%+11.8%+20.0%+73.2%+9.3%+11.6%
WDAY Workday, Inc.4 of 12−16.8%−6.5%+65.0%−38.8%+14.0%+45.7%+3.0%+57.0%+53.9%−17.1%−2.4%−1.9%
CERT Certara, Inc.0 of 5−17.3%−39.5%+9.5%−43.5%−15.7%———————
PHR Phreesia, Inc.2 of 6−32.8%+8.7%−28.5%−22.3%−23.2%+104%——————
TEM Tempus AI, Inc.1 of 1+74.9%———————————
WAY Waystar Holding Corp.0 of 1−10.8%———————————
Open these 21 in EasyCompare

Risk and diversification

How VEEV has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were VEEV's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents VEEV's five deepest drawdowns since it began trading in 2013, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: VEEV began trading on October 16, 2013, so this list cannot include the dot-com bust, the 2008 financial crisis or two other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means VEEV fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringVEEV fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−61.4%+8.8%Oct 2013May 20147 monthsNov 20162.5 years
2022 bear market−55.7%−17.6%Aug 2021Oct 202214 monthsNot yet—
Covid crash−31.1%−19.1%Jul 2019Mar 20208 monthsApr 20201 month
Late-2018 sell-off−26.5%−18.9%Sep 2018Dec 20183 monthsJan 20191 month
No named crash−24.2%−2.7%Feb 2021Mar 20211 monthJun 20213 months

How did VEEV do in stock market crashes?

This section measures how far VEEV, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: VEEV began trading on October 16, 2013, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or two other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than VEEV.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
VEEV This pageVeeva Systems Inc.—−4.6%−40.0%−26.7%−26.5%−9.5%−28.9%Not yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF5 of 6−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
MEDP Medpace Holdings, Inc.2 of 5−11.9%−36.4%−39.5%−26.1%−2.1%—————
LLY Eli Lilly and Company6 of 6−0.6%−11.7%−16.9%−10.2%−8.6%−19.6%−10.9%0.0%−50.0%−54.3%
NOW ServiceNow, Inc.2 of 6−7.2%−39.9%−28.8%−20.6%−8.5%−47.6%————
SAP SAP SE4 of 6−2.0%−41.9%−32.6%−25.0%−6.9%−13.3%−25.0%−1.4%−49.6%−87.9%
CRL Charles River Laboratories International, Inc.3 of 6−7.7%−49.3%−44.5%−23.4%−4.6%−19.1%−33.3%−1.8%−69.8%—
HSTM HealthStream, Inc.5 of 6−3.9%−27.0%−23.6%−25.3%−5.6%−31.8%−26.0%−1.4%−54.5%—
TMO Thermo Fisher Scientific Inc.6 of 6−2.4%−19.8%−24.8%−17.2%−8.7%−14.7%−24.4%−3.6%−53.9%−41.8%
IQV IQVIA Holdings Inc.3 of 6−6.8%−35.9%−48.9%−19.2%−5.3%−28.7%————
MRK Merck & Co., Inc.6 of 6−2.4%−10.8%−19.3%−9.7%−6.6%−18.2%−17.4%−2.3%−63.3%−57.5%
ORCL Oracle Corporation4 of 6−5.0%−31.0%−28.3%−17.2%−6.6%−16.1%−23.9%−2.1%−41.1%−84.2%
EVH Evolent Health, Inc.2 of 6−12.0%−23.5%−69.1%−38.3%−3.9%−56.7%————
DOCS Doximity, Inc.0 of 2−11.5%−56.5%————————
CRM Salesforce, Inc.2 of 6−5.3%−42.7%−35.7%−24.8%−6.1%−34.2%−26.9%−4.2%−70.5%—
DHR Danaher Corporation5 of 6−3.2%−22.8%−25.9%−13.4%−9.8%−14.0%−21.8%−0.6%−45.7%−33.7%
WDAY Workday, Inc.3 of 6−2.8%−47.0%−42.4%−17.3%−5.8%−42.3%————
CERT Certara, Inc.0 of 2−8.2%−56.9%————————
PHR Phreesia, Inc.0 of 3−10.5%−66.0%−51.4%———————
Open these 19 in EasyCompare

How closely does VEEV move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares VEEV with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than VEEV's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
VEEV This pageVeeva Systems Inc.113%89%1.260.87
LLY Eli Lilly and Company101%6%15.730.37
NOW ServiceNow, Inc.114%79%1.450.97
MEDP Medpace Holdings, Inc.168%118%1.421.24
MRK Merck & Co., Inc.64%46%1.390.30
DHR Danaher Corporation84%84%1.010.75
TMO Thermo Fisher Scientific Inc.104%104%1.000.81
ORCL Oracle Corporation131%159%0.821.30
CRM Salesforce, Inc.115%143%0.801.16
CRL Charles River Laboratories International, Inc.135%175%0.771.30
IQV IQVIA Holdings Inc.128%167%0.771.31
SAP SAP SE112%152%0.741.10
WDAY Workday, Inc.96%139%0.701.19
HSTM HealthStream, Inc.33%57%0.580.40
EVH Evolent Health, Inc.23%176%0.131.60
Open these 15 in EasyCompare

What diversifies VEEV?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with VEEV's. Because such investments tend not to fall at the same time, pairing VEEV with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which VEEV lost money. The last two columns show a portfolio that is 80% VEEV and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20222021201480/20 mix volatility80/20 mix annual return
VEEV Veeva Systems Inc. (this page)1.00−0.4%0.19−36.8%−6.2%−17.7%37.7%−0.2%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.11+119%1.48+3.8%+17.8%—30.4%+4.1%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.21+225%1.34+6.0%+18.0%+8.1%30.8%+5.8%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.15+101%1.04+10.4%+23.1%+23.8%30.7%+3.9%
HDV Dividend & IncomeiShares Core High Dividend ETF0.20+83.3%1.00+7.1%+19.6%+12.6%30.8%+3.2%
SMH TechnologyVanEck Semiconductor ETF0.18+323%0.97−33.5%+42.1%+30.2%32.1%+8.2%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.30+85.0%0.96−5.1%+19.6%+3.4%30.9%+3.4%
GLD CommoditiesSPDR Gold Shares0.13+126%0.96−0.8%−4.2%−2.2%30.8%+4.5%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.29+136%0.93−10.4%+22.7%—31.6%+4.9%

Stocks

InvestmentCorrelation5Y returnSharpe20222021201480/20 mix volatility80/20 mix annual return
VEEV Veeva Systems Inc. (this page)1.00−0.4%0.19−36.8%−6.2%−17.7%37.7%−0.2%
CAH Medical - DistributionCardinal Health, Inc.0.13+479%1.55+54.1%−0.4%+23.0%31.3%+8.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.09+3,143%1.47+1.3%+37.9%+12.9%33.3%+19.8%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.10+1,636%1.46+17.0%+89.0%−10.4%32.3%+16.1%
MCK Medical - DistributionMcKesson Corporation0.06+413%1.44+51.8%+44.2%+29.3%30.9%+7.5%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.33+690%1.41+86.6%+61.0%+0.4%32.9%+9.5%
Open these 14 in EasyCompare

Common questions

What was VEEV's worst drawdown?

VEEV's deepest decline since it began trading in 2013 was 61.4%, from October 2013 to May 2014. It took about two years from the low to climb back to its old high. Because VEEV launched in October 2013, that record does not include the dot-com bust, the 2008 financial crisis or two other sell-offs.

What were VEEV's best and worst years?

Over 12 full calendar years, VEEV's best year was 2020, when it returned 93.5%. Its worst was 2022, with a return of -36.8%.

Is there a better investment than VEEV?

Among VEEV's popular alternatives, LLY, MRK and SAP earned more than VEEV with less volatility over the past 5 years. LLY returned 40.7% a year at 32.8% volatility, against a loss of 0.1% a year at 39.6%. Looking beyond its popular alternatives, MSFT (software) and V (payment processing) earned more than VEEV with less volatility over the past 5 years. MSFT returned 12.5% a year at 28.2% volatility, against a loss of 0.1% a year at 39.6%.

Is VEEV more volatile than the S&P 500?

Yes. VEEV's volatility over the past 5 years was 39.6%, 2.3 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, VEEV's return lands within 39.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is VEEV's Sharpe ratio?

VEEV's Sharpe ratio over the past 5 years was 0.19, against 0.79 for the S&P 500, so VEEV earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is VEEV with the S&P 500?

Over the past 5 years, VEEV's monthly returns had a correlation of 0.38 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against VEEV instead: the lower it is, the more that option would diversify a VEEV holding.

What are the best alternatives to VEEV?

None of the 19 popular alternatives we compared outperformed VEEV in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about VEEV's strength than about its alternatives.

Did VEEV outperform the S&P 500?

VEEV finished ahead of the S&P 500 (SPY) in six of 12 full calendar years. In 2025, it returned +6.2%, against +17.7% for the index.

How did VEEV do in stock market crashes?

VEEV fell less than the S&P 500 (SPY) in one of the six major crashes it has traded through, and further in five. The clearest case was the 2015 China and oil sell-off, when VEEV fell 28.9% and the S&P 500 fell 12.8%.

What diversifies VEEV?

These had a low correlation with VEEV over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.11), DXJ (correlation 0.21) and EMLP (correlation 0.15); among large stocks, CAH (correlation 0.13), CLS (correlation 0.09) and FIX (correlation 0.10). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to VEEV

Other stocks and ETFs