DOCU vs. VEEV
DOCU (DocuSign, Inc.) and VEEV (Veeva Systems Inc.) are both stocks. DOCU operates in Software - Application (Technology), while VEEV operates in Health Information Services (Healthcare). Over the past 5 years, DOCU returned -29.19%/yr vs -11.82%/yr for VEEV. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
DOCU vs. VEEV - Performance Comparison
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Returns By Period
In the year-to-date period, DOCU achieves a -34.17% return, which is significantly lower than VEEV's -28.53% return.
DOCU
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
VEEV
- 1D
- -1.24%
- 1M
- 2.11%
- YTD
- -28.53%
- 6M
- -28.54%
- 1Y
- -43.54%
- 3Y*
- -5.80%
- 5Y*
- -11.82%
- 10Y*
- 16.73%
DOCU vs. VEEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DOCU DocuSign, Inc. | -34.17% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
VEEV Veeva Systems Inc. | -28.53% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 26.41% |
Correlation
The correlation between DOCU and VEEV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.59 |
The correlation between DOCU and VEEV shifts across timeframes, from 0.47 (3 years) to 0.59 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DOCU:
$8.85B
VEEV:
$26.48B
DOCU:
$1.53
VEEV:
$5.63
DOCU:
29.42
VEEV:
28.36
DOCU:
0.05
VEEV:
1.47
DOCU:
2.82
VEEV:
8.04
DOCU:
4.86
VEEV:
3.63
DOCU:
$3.29B
VEEV:
$3.32B
DOCU:
$2.61B
VEEV:
$2.49B
DOCU:
$568.83M
VEEV:
$1.00B
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Return for Risk
DOCU vs. VEEV — Risk / Return Rank
DOCU
VEEV
DOCU vs. VEEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DocuSign, Inc. (DOCU) 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.
| DOCU | VEEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.77 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.86 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.51 | +0.15 |
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Drawdowns
DOCU vs. VEEV - Drawdown Comparison
The maximum DOCU drawdown since its inception was -87.57%, which is greater than VEEV's maximum drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for DOCU and VEEV.
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Drawdown Indicators
| DOCU | VEEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.57% | -61.35% | -26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -50.89% | -50.55% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -50.55% | -10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -87.57% | -55.69% | -31.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.69% | — |
Current DrawdownCurrent decline from peak | -85.48% | -53.21% | -32.27% |
Average DrawdownAverage peak-to-trough decline | -49.90% | -26.08% | -23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.04% | 28.76% | +1.28% |
Volatility
DOCU vs. VEEV - Volatility Comparison
DocuSign, Inc. (DOCU) has a higher volatility of 16.54% compared to Veeva Systems Inc. (VEEV) at 14.08%. This indicates that DOCU's price experiences larger fluctuations and is considered to be riskier 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
| DOCU | VEEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.54% | 14.08% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | 29.27% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.60% | 35.87% | +8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.83% | 37.98% | +19.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 38.23% | +18.22% |
Dividends
DOCU vs. VEEV - Dividend Comparison
Neither DOCU nor VEEV has paid dividends to shareholders.
Financials
DOCU vs. VEEV - Financials Comparison
This section allows you to compare key financial metrics between DocuSign, Inc. 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
DOCU vs. VEEV - Profitability Comparison
DOCU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported a gross profit of 658.97M and revenue of 830.24M. Therefore, the gross margin over that period was 79.4%.
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%.
DOCU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported an operating income of 111.31M and revenue of 830.24M, resulting in an operating margin of 13.4%.
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%.
DOCU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DocuSign, Inc. reported a net income of 78.20M and revenue of 830.24M, resulting in a net margin of 9.4%.
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
DOCU and VEEV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCU has higher volatility (16.54%) compared to VEEV (14.08%). In terms of maximum drawdown, DOCU dropped -87.57% vs VEEV's -61.35%.
DOCU currently has the higher Sharpe Ratio (-0.92 vs -1.22), 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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