VEEV vs. LPLA
VEEV (Veeva Systems Inc.) and LPLA (LPL Financial Holdings Inc.) are both stocks. VEEV operates in Health Information Services (Healthcare), while LPLA operates in Capital Markets (Financial Services). Over the past 10 years, VEEV returned 16.73%/yr vs 30.16%/yr for LPLA. At a 0.26 correlation, their price movements are largely independent.
Performance
VEEV vs. LPLA - Performance Comparison
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Returns By Period
In the year-to-date period, VEEV achieves a -28.53% return, which is significantly lower than LPLA's -17.05% return. Over the past 10 years, VEEV has underperformed LPLA with an annualized return of 16.73%, while LPLA has yielded a comparatively higher 30.16% annualized return.
VEEV
- 1D
- -1.24%
- 1M
- 0.43%
- YTD
- -28.53%
- 6M
- -28.54%
- 1Y
- -43.54%
- 3Y*
- -5.80%
- 5Y*
- -11.82%
- 10Y*
- 16.73%
LPLA
- 1D
- 3.58%
- 1M
- -1.25%
- YTD
- -17.05%
- 6M
- -22.23%
- 1Y
- -20.67%
- 3Y*
- 14.39%
- 5Y*
- 16.84%
- 10Y*
- 30.16%
VEEV vs. LPLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEEV Veeva Systems Inc. | -28.53% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 61.58% | 35.82% |
LPLA LPL Financial Holdings Inc. | -17.05% | 9.76% | 44.12% | 5.88% | 35.69% | 54.63% | 14.58% | 52.95% | 8.53% | 66.03% |
Correlation
The correlation between VEEV and LPLA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.26 |
The correlation between VEEV and LPLA shifts across timeframes, from 0.16 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VEEV:
$26.48B
LPLA:
$23.78B
VEEV:
$5.63
LPLA:
$11.30
VEEV:
28.36
LPLA:
26.17
VEEV:
1.47
LPLA:
1.10
VEEV:
8.04
LPLA:
1.29
VEEV:
3.63
LPLA:
4.18
VEEV:
$3.32B
LPLA:
$18.26B
VEEV:
$2.49B
LPLA:
$7.58B
VEEV:
$1.00B
LPLA:
$2.23B
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Return for Risk
VEEV vs. LPLA — Risk / Return Rank
VEEV
LPLA
VEEV vs. LPLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) and LPL Financial Holdings Inc. (LPLA). 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 | LPLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.92 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.66 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.51 | -1.35 | -0.16 |
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Drawdowns
VEEV vs. LPLA - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, smaller than the maximum LPLA drawdown of -69.32%. Use the drawdown chart below to compare losses from any high point for VEEV and LPLA.
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Drawdown Indicators
| VEEV | LPLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -69.32% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -33.12% | -17.43% |
Max Drawdown (3Y)Largest decline over 3 years | -50.55% | -33.18% | -17.37% |
Max Drawdown (5Y)Largest decline over 5 years | -55.69% | -33.18% | -22.51% |
Max Drawdown (10Y)Largest decline over 10 years | -55.69% | -60.34% | +4.65% |
Current DrawdownCurrent decline from peak | -53.21% | -25.63% | -27.58% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -13.92% | -12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 16.17% | +12.59% |
Volatility
VEEV vs. LPLA - Volatility Comparison
Veeva Systems Inc. (VEEV) has a higher volatility of 14.08% compared to LPL Financial Holdings Inc. (LPLA) at 9.76%. This indicates that VEEV's price experiences larger fluctuations and is considered to be riskier than LPLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEEV | LPLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 9.76% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 27.80% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 36.17% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 36.05% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 38.10% | +0.13% |
Dividends
VEEV vs. LPLA - Dividend Comparison
VEEV has not paid dividends to shareholders, while LPLA's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPLA LPL Financial Holdings Inc. | 0.41% | 0.34% | 0.37% | 0.53% | 0.46% | 0.62% | 0.96% | 1.08% | 1.64% | 1.75% | 2.84% | 2.34% |
VEEV Veeva Systems Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
VEEV vs. LPLA - Financials Comparison
This section allows you to compare key financial metrics between Veeva Systems Inc. and LPL Financial Holdings 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. LPLA - 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%.
LPLA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported a gross profit of 4.52B and revenue of 4.94B. Therefore, the gross margin over that period was 91.5%.
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%.
LPLA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported an operating income of 0.00 and revenue of 4.94B, resulting in an operating margin of 0.0%.
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%.
LPLA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LPL Financial Holdings Inc. reported a net income of 356.40M and revenue of 4.94B, resulting in a net margin of 7.2%.
Frequently Asked Questions
VEEV and LPLA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEEV has higher volatility (14.08%) compared to LPLA (9.76%). In terms of maximum drawdown, VEEV dropped -61.35% vs LPLA's -69.32%.
LPLA currently has the higher Sharpe Ratio (-0.60 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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