VEON vs. VRNA

Last updated Jun 24, 2026

VEON (VEON Ltd.) and VRNA (Verona Pharma plc) are both stocks. VEON operates in Telecom Services (Communication Services), while VRNA operates in Biotechnology (Healthcare). At a 0.05 correlation, their price movements are largely independent.

Performance

VEON vs. VRNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VEON Ltd. (VEON) and Verona Pharma plc (VRNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VEON

• 1D: 2.62%
• 1M: -8.26%
• YTD: -1.56%
• 6M: -1.49%
• 1Y: 32.69%
• 3Y*: 39.39%
• 5Y*: 3.53%
• 10Y*: -2.38%

VRNA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEON vs. VRNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEON VEON Ltd.	-1.56%	31.10%	103.55%	60.82%	-71.35%	13.25%	-37.09%	18.88%	-34.17%	-7.54%
VRNA Verona Pharma plc	0.00%	130.21%	133.60%	-23.92%	288.84%	-4.00%	21.74%	-40.41%	-18.71%	-12.07%

Correlation

The correlation between VEON and VRNA is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 27, 2017	0.05

The correlation between VEON and VRNA shifts across timeframes, from -0.12 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VEON : $3.69B VRNA : $9.72B
EPS VEON : $8.09 VRNA : -$0.69
PS Ratio VEON : 0.74 VRNA : 57.97
PB Ratio VEON : 2.52 VRNA : 34.92
Total Revenue (TTM) VEON : $4.59B VRNA : $167.65M
Gross Profit (TTM) VEON : $3.63B VRNA : $159.52M
EBITDA (TTM) VEON : $1.69B VRNA : -$40.86M

Return for Risk

VEON vs. VRNA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEON

VEON Risk / Return Rank: 62
VEON Sharpe Ratio Rank: 63
VEON Sortino Ratio Rank: 62
VEON Omega Ratio Rank: 61
VEON Calmar Ratio Rank: 64
VEON Martin Ratio Rank: 62

VRNA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEON vs. VRNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VEON Ltd. (VEON) and Verona Pharma plc (VRNA). 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.

	VEON	VRNA	Difference
Sharpe ratio: Return per unit of total volatility	0.62	—	—
Sortino ratio: Return per unit of downside risk	1.26	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.08	—	—
Martin ratio: Return relative to average drawdown	2.05	—	—

Drawdowns

Drawdown Indicators

	VEON	VRNA	Difference
Max Drawdown Largest peak-to-trough decline	-98.74%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-30.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.52%	—	—
Current Drawdown Current decline from peak	-90.10%	—	—
Average Drawdown Average peak-to-trough decline	-62.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.98%	—	—

Volatility

Volatility by Period

	VEON	VRNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.85%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.91%	—	—

Dividends

VEON vs. VRNA - Dividend Comparison

Neither VEON nor VRNA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEON VEON Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.62%	9.58%	9.47%	5.97%	0.68%	0.80%
VRNA Verona Pharma plc	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

VEON vs. VRNA - Profitability Comparison

The chart below illustrates the profitability comparison between VEON Ltd. and Verona Pharma plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VEON - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported a gross profit of 844.74M and revenue of 1.21B. Therefore, the gross margin over that period was 70.0%.

VRNA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported a gross profit of 71.68M and revenue of 75.14M. Therefore, the gross margin over that period was 95.4%.

VEON - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported an operating income of 309.37M and revenue of 1.21B, resulting in an operating margin of 25.7%.

VRNA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported an operating income of 9.69M and revenue of 75.14M, resulting in an operating margin of 12.9%.

VEON - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, VEON Ltd. reported a net income of 99.44M and revenue of 1.21B, resulting in a net margin of 8.2%.

VRNA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verona Pharma plc reported a net income of 8.69M and revenue of 75.14M, resulting in a net margin of 11.6%.

Frequently Asked Questions

Can I hold both VEON and VRNA in my portfolio?

VEON and VRNA have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.