BTSGU vs. VEEV
BTSGU (BrightSpring Health Services Inc. Tangible Equity Unit) and VEEV (Veeva Systems Inc.) are both stocks. Both operate in the Health Information Services industry within the Healthcare sector. Over the past year, BTSGU returned 193.56% vs -45.32% for VEEV. At a 0.18 correlation, their price movements are largely independent.
Performance
BTSGU vs. VEEV - Performance Comparison
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Returns By Period
In the year-to-date period, BTSGU achieves a 78.43% return, which is significantly higher than VEEV's -31.39% return.
BTSGU
- 1D
- 1.75%
- 1M
- 14.66%
- YTD
- 78.43%
- 6M
- 77.32%
- 1Y
- 193.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEEV
- 1D
- -0.09%
- 1M
- -4.38%
- YTD
- -31.39%
- 6M
- -31.43%
- 1Y
- -45.32%
- 3Y*
- -8.63%
- 5Y*
- -13.22%
- 10Y*
- 16.14%
BTSGU vs. VEEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit | 78.43% | 111.13% | 40.70% |
VEEV Veeva Systems Inc. | -31.39% | 6.17% | 0.98% |
Correlation
The correlation between BTSGU and VEEV is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.18 |
Fundamentals
BTSGU:
$49.25B
VEEV:
$25.42B
BTSGU:
$1.42
VEEV:
$5.63
BTSGU:
156.90
VEEV:
27.22
BTSGU:
0.86
VEEV:
1.41
BTSGU:
3.56
VEEV:
7.72
BTSGU:
24.88
VEEV:
3.48
BTSGU:
$13.65B
VEEV:
$3.32B
BTSGU:
$1.66B
VEEV:
$2.49B
BTSGU:
$572.07M
VEEV:
$1.00B
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Return for Risk
BTSGU vs. VEEV — Risk / Return Rank
BTSGU
VEEV
BTSGU vs. VEEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) and Veeva Systems Inc. (VEEV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTSGU | VEEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.37 | ||
| Sortino ratioReturn per unit of downside risk | +7.06 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 0.76 | +0.92 |
| Calmar ratioReturn relative to maximum drawdown | 12.44 | -0.90 | +13.34 |
| Martin ratioReturn relative to average drawdown | 40.81 | -1.53 | +42.35 |
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Drawdowns
BTSGU vs. VEEV - Drawdown Comparison
The maximum BTSGU drawdown since its inception was -32.46%, smaller than the maximum VEEV drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for BTSGU and VEEV.
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Drawdown Indicators
| BTSGU | VEEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.46% | -61.35% | +28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -50.55% | +34.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -55.09% | +55.09% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -26.12% | +20.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 29.56% | -24.80% |
Volatility
BTSGU vs. VEEV - Volatility Comparison
The current volatility for BrightSpring Health Services Inc. Tangible Equity Unit (BTSGU) is 11.42%, while Veeva Systems Inc. (VEEV) has a volatility of 14.70%. This indicates that BTSGU experiences smaller price fluctuations and is considered to be less risky than VEEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTSGU | VEEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.42% | 14.70% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 28.57% | 29.64% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.13% | 36.28% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 38.06% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 38.27% | +0.24% |
Dividends
BTSGU vs. VEEV - Dividend Comparison
BTSGU's dividend yield for the trailing twelve months is around 1.52%, while VEEV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTSGU BrightSpring Health Services Inc. Tangible Equity Unit | 1.52% | 2.67% | 2.70% |
VEEV Veeva Systems Inc. | 0.00% | 0.00% | 0.00% |
Financials
BTSGU vs. VEEV - Financials Comparison
This section allows you to compare key financial metrics between BrightSpring Health Services Inc. Tangible Equity Unit and Veeva Systems Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BTSGU vs. VEEV - Profitability Comparison
BTSGU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported a gross profit of 482.22M and revenue of 3.61B. Therefore, the gross margin over that period was 13.3%.
VEEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a gross profit of 659.69M and revenue of 882.95M. Therefore, the gross margin over that period was 74.7%.
BTSGU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported an operating income of 121.45M and revenue of 3.61B, resulting in an operating margin of 3.4%.
VEEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported an operating income of 273.11M and revenue of 882.95M, resulting in an operating margin of 30.9%.
BTSGU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BrightSpring Health Services Inc. Tangible Equity Unit reported a net income of 148.77M and revenue of 3.61B, resulting in a net margin of 4.1%.
VEEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a net income of 260.94M and revenue of 882.95M, resulting in a net margin of 29.6%.
Frequently Asked Questions
BTSGU and VEEV have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEEV has higher volatility (14.70%) compared to BTSGU (11.42%). In terms of maximum drawdown, BTSGU dropped -32.46% vs VEEV's -61.35%.
BTSGU currently has the higher Sharpe Ratio (5.12 vs -1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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