VEEV vs. SPOT
VEEV (Veeva Systems Inc.) and SPOT (Spotify Technology S.A.) are both stocks. VEEV operates in Health Information Services (Healthcare), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, VEEV returned -11.82%/yr vs 14.62%/yr for SPOT. At a 0.42 correlation, their price movements are largely independent.
Performance
VEEV vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VEEV achieves a -28.53% return, which is significantly lower than SPOT's -17.00% return.
VEEV
- 1D
- -1.24%
- 1M
- 2.45%
- YTD
- -28.53%
- 6M
- -28.54%
- 1Y
- -43.46%
- 3Y*
- -5.80%
- 5Y*
- -11.82%
- 10Y*
- 16.73%
SPOT
- 1D
- -0.82%
- 1M
- 11.86%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -31.42%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
VEEV vs. SPOT - 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% | 25.03% |
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
Correlation
The correlation between VEEV and SPOT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.42 |
The correlation between VEEV and SPOT shifts across timeframes, from 0.23 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VEEV:
$26.48B
SPOT:
$100.87B
VEEV:
$5.63
SPOT:
€12.94
VEEV:
28.36
SPOT:
32.21
VEEV:
1.47
SPOT:
0.36
VEEV:
8.04
SPOT:
4.98
VEEV:
3.63
SPOT:
10.87
VEEV:
$3.32B
SPOT:
€17.60B
VEEV:
$2.49B
SPOT:
€5.68B
VEEV:
$1.00B
SPOT:
€2.75B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEEV vs. SPOT — Risk / Return Rank
VEEV
SPOT
VEEV vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) and Spotify Technology S.A. (SPOT). 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 | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.89 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.67 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.51 | -1.16 | -0.35 |
Loading charts...
Drawdowns
VEEV vs. SPOT - Drawdown Comparison
The maximum VEEV drawdown since its inception was -61.35%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for VEEV and SPOT.
Loading charts...
Drawdown Indicators
| VEEV | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -80.51% | +19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -50.55% | -46.80% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -50.55% | -46.80% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -55.69% | -76.39% | +20.70% |
Max Drawdown (10Y)Largest decline over 10 years | -55.69% | — | — |
Current DrawdownCurrent decline from peak | -53.21% | -37.88% | -15.33% |
Average DrawdownAverage peak-to-trough decline | -26.08% | -30.87% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.76% | 27.16% | +1.60% |
Volatility
VEEV vs. SPOT - Volatility Comparison
The current volatility for Veeva Systems Inc. (VEEV) is 14.08%, while Spotify Technology S.A. (SPOT) has a volatility of 16.23%. This indicates that VEEV experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEEV | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.08% | 16.23% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.27% | 37.28% | -8.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.87% | 45.28% | -9.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.98% | 47.58% | -9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.23% | 47.36% | -9.13% |
Dividends
VEEV vs. SPOT - Dividend Comparison
Neither VEEV nor SPOT has paid dividends to shareholders.
Financials
VEEV vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Veeva Systems Inc. and Spotify Technology S.A.. 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. SPOT - 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%.
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
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%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
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%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
Frequently Asked Questions
VEEV and SPOT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.23%) compared to VEEV (14.08%). In terms of maximum drawdown, VEEV dropped -61.35% vs SPOT's -80.51%.
SPOT currently has the higher Sharpe Ratio (-0.70 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.
Find the right allocation for VEEV and SPOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer