VEEV vs. DOCU
VEEV (Veeva Systems Inc.) and DOCU (DocuSign, Inc.) are both stocks. VEEV operates in Health Information Services (Healthcare), while DOCU operates in Software - Application (Technology). Over the past 5 years, VEEV returned -11.82%/yr vs -29.19%/yr for DOCU. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
VEEV vs. DOCU - Performance Comparison
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Returns By Period
In the year-to-date period, VEEV achieves a -28.53% return, which is significantly higher than DOCU's -34.17% return.
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
- 1D
- 1.08%
- 1M
- -1.03%
- YTD
- -34.17%
- 6M
- -36.68%
- 1Y
- -39.20%
- 3Y*
- -6.61%
- 5Y*
- -29.19%
- 10Y*
- —
VEEV vs. DOCU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VEEV Veeva Systems Inc. | -28.53% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 26.41% |
DOCU DocuSign, Inc. | -34.17% | -23.95% | 51.29% | 7.27% | -63.61% | -31.48% | 199.96% | 84.91% | 5.47% |
Correlation
The correlation between VEEV and DOCU 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 VEEV and DOCU shifts across timeframes, from 0.47 (3 years) to 0.59 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VEEV:
$26.48B
DOCU:
$8.85B
VEEV:
$5.63
DOCU:
$1.53
VEEV:
28.36
DOCU:
29.42
VEEV:
1.47
DOCU:
0.05
VEEV:
8.04
DOCU:
2.82
VEEV:
3.63
DOCU:
4.86
VEEV:
$3.32B
DOCU:
$3.29B
VEEV:
$2.49B
DOCU:
$2.61B
VEEV:
$1.00B
DOCU:
$568.83M
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Return for Risk
VEEV vs. DOCU — Risk / Return Rank
VEEV
DOCU
VEEV vs. DOCU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) and DocuSign, Inc. (DOCU). 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.
| VEEV | DOCU | 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 | 0.77 | 0.85 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.80 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.51 | -1.36 | -0.15 |
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Drawdowns
VEEV vs. DOCU - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, smaller than the maximum DOCU drawdown of -87.57%. Use the drawdown chart below to compare losses from any high point for VEEV and DOCU.
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Drawdown Indicators
| VEEV | DOCU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -87.57% | +26.22% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -50.89% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -50.55% | -60.98% | +10.43% |
Max Drawdown (5Y)Largest decline over 5 years | -55.69% | -87.57% | +31.88% |
Max Drawdown (10Y)Largest decline over 10 years | -55.69% | — | — |
Current DrawdownCurrent decline from peak | -53.21% | -85.48% | +32.27% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -49.90% | +23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 30.04% | -1.28% |
Volatility
VEEV vs. DOCU - Volatility Comparison
The current volatility for Veeva Systems Inc. (VEEV) is 14.08%, while DocuSign, Inc. (DOCU) has a volatility of 16.54%. This indicates that VEEV experiences smaller price fluctuations and is considered to be less risky than DOCU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEEV | DOCU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 16.54% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 34.72% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 44.60% | -8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 57.83% | -19.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 56.45% | -18.22% |
Dividends
VEEV vs. DOCU - Dividend Comparison
Neither VEEV nor DOCU has paid dividends to shareholders.
Financials
VEEV vs. DOCU - Financials Comparison
This section allows you to compare key financial metrics between Veeva Systems Inc. and DocuSign, 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
VEEV vs. DOCU - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
VEEV and DOCU 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, VEEV dropped -61.35% vs DOCU's -87.57%.
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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