VEEV vs. SMIN
VEEV (Veeva Systems Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 10 years, VEEV returned 16.73%/yr vs 9.73%/yr for SMIN. At a 0.24 correlation, their price movements are largely independent.
Performance
VEEV vs. SMIN - 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 SMIN's -4.03% return. Over the past 10 years, VEEV has outperformed SMIN with an annualized return of 16.73%, while SMIN has yielded a comparatively lower 9.73% annualized 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%
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
VEEV vs. SMIN - 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% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -25.55% | 62.36% |
Correlation
The correlation between VEEV and SMIN is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
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 | 0.24 |
The correlation between VEEV and SMIN shifts across timeframes, from 0.08 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VEEV vs. SMIN — Risk / Return Rank
VEEV
SMIN
VEEV vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) and iShares MSCI India Small-Cap ETF (SMIN). 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 | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.93 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.39 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.51 | -0.87 | -0.65 |
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Drawdowns
VEEV vs. SMIN - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, roughly equal to the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for VEEV and SMIN.
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Drawdown Indicators
| VEEV | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -60.50% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -24.54% | -26.01% |
Max Drawdown (3Y)Largest decline over 3 years | -50.55% | -27.58% | -22.97% |
Max Drawdown (5Y)Largest decline over 5 years | -55.69% | -27.58% | -28.11% |
Max Drawdown (10Y)Largest decline over 10 years | -55.69% | -60.50% | +4.81% |
Current DrawdownCurrent decline from peak | -53.21% | -16.07% | -37.14% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -14.62% | -11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 11.01% | +17.75% |
Volatility
VEEV vs. SMIN - Volatility Comparison
Veeva Systems Inc. (VEEV) has a higher volatility of 14.08% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that VEEV's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEEV | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 4.86% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 15.58% | +13.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 18.67% | +17.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 18.88% | +19.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 22.83% | +15.40% |
Dividends
VEEV vs. SMIN - Dividend Comparison
VEEV has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
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% |
Frequently Asked Questions
VEEV and SMIN have a correlation of 0.08, 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 SMIN (4.86%). In terms of maximum drawdown, VEEV dropped -61.35% vs SMIN's -60.50%.
SMIN currently has the higher Sharpe Ratio (-0.51 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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