MTD vs. VEEV
MTD (Mettler-Toledo International Inc.) and VEEV (Veeva Systems Inc.) are both stocks. Both are in the Healthcare sector — MTD in Diagnostics & Research, VEEV in Health Information Services. Over the past 10 years, MTD returned 12.33%/yr vs 16.63%/yr for VEEV. At a 0.43 correlation, their price movements are largely independent.
Performance
MTD vs. VEEV - Performance Comparison
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Returns By Period
In the year-to-date period, MTD achieves a -17.04% return, which is significantly higher than VEEV's -28.45% return. Over the past 10 years, MTD has underperformed VEEV with an annualized return of 12.33%, while VEEV has yielded a comparatively higher 16.63% annualized return.
MTD
- 1D
- -0.64%
- 1M
- 4.85%
- YTD
- -17.04%
- 6M
- -18.24%
- 1Y
- -0.60%
- 3Y*
- -3.53%
- 5Y*
- -3.12%
- 10Y*
- 12.33%
VEEV
- 1D
- 4.28%
- 1M
- -0.29%
- YTD
- -28.45%
- 6M
- -28.78%
- 1Y
- -43.02%
- 3Y*
- -7.34%
- 5Y*
- -12.53%
- 10Y*
- 16.63%
MTD vs. VEEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTD Mettler-Toledo International Inc. | -17.04% | 13.93% | 0.88% | -16.08% | -14.83% | 48.92% | 43.67% | 40.26% | -8.71% | 48.01% |
VEEV Veeva Systems Inc. | -28.45% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 61.58% | 35.82% |
Correlation
The correlation between MTD and VEEV is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.43 |
The correlation between MTD and VEEV shifts across timeframes, from 0.28 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MTD:
$23.46B
VEEV:
$26.51B
MTD:
$42.68
VEEV:
$5.63
MTD:
27.10
VEEV:
28.39
MTD:
4.16
VEEV:
1.47
MTD:
5.80
VEEV:
8.05
MTD:
6.40
VEEV:
3.63
MTD:
$4.09B
VEEV:
$3.32B
MTD:
$2.36B
VEEV:
$2.49B
MTD:
$1.24B
VEEV:
$1.00B
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Return for Risk
MTD vs. VEEV — Risk / Return Rank
MTD
VEEV
MTD vs. VEEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mettler-Toledo International Inc. (MTD) 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.
| MTD | VEEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.78 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.85 | +0.83 |
| Martin ratioReturn relative to average drawdown | -0.05 | -1.45 | +1.40 |
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Drawdowns
MTD vs. VEEV - Drawdown Comparison
The maximum MTD drawdown since its inception was -61.43%, roughly equal to the maximum VEEV drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for MTD and VEEV.
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Drawdown Indicators
| MTD | VEEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.43% | -61.35% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -31.90% | -50.55% | +18.65% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -50.55% | +13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -43.47% | -55.69% | +12.22% |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | -55.69% | +12.22% |
Current DrawdownCurrent decline from peak | -32.06% | -53.16% | +21.10% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -26.13% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.04% | 29.72% | -17.68% |
Volatility
MTD vs. VEEV - Volatility Comparison
The current volatility for Mettler-Toledo International Inc. (MTD) is 8.85%, while Veeva Systems Inc. (VEEV) has a volatility of 14.81%. This indicates that MTD 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
| MTD | VEEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 14.81% | -5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 26.22% | 29.94% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.03% | 36.49% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.18% | 38.11% | -5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.76% | 38.29% | -8.53% |
Dividends
MTD vs. VEEV - Dividend Comparison
Neither MTD nor VEEV has paid dividends to shareholders.
Financials
MTD vs. VEEV - Financials Comparison
This section allows you to compare key financial metrics between Mettler-Toledo International 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
MTD vs. VEEV - Profitability Comparison
MTD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a gross profit of 555.82M and revenue of 947.13M. Therefore, the gross margin over that period was 58.7%.
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%.
MTD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported an operating income of 246.22M and revenue of 947.13M, resulting in an operating margin of 26.0%.
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%.
MTD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a net income of 169.45M and revenue of 947.13M, resulting in a net margin of 17.9%.
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
MTD and VEEV have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEEV has higher volatility (14.81%) compared to MTD (8.85%). In terms of maximum drawdown, MTD dropped -61.43% vs VEEV's -61.35%.
MTD currently has the higher Sharpe Ratio (-0.02 vs -1.18), 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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