AAPL vs VELO: Correlation
How closely do Apple Inc. (AAPL) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and VELO?
Over the past 3 years, AAPL and VELO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.20). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -1321.9 %².
By 3-year correlation, VELO places #25 of the 32 assets tracked against AAPL. The last year tells two different stories: VELO led by 144.9 percentage points, +37.0% for AAPL against +181.9% for VELO. Risk is not evenly split, since VELO carries 9.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AAPL vs VELO: side by side
| AAPL (Apple Inc.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +37.0% | +181.9% |
| 5-year return | +110.6% | -99.8% |
| Volatility (ann.) | 27.2% | 249.0% |
| Beta vs S&P 500 | 1.06 | -2.66 |
| Max drawdown (3Y) | -33.4% | -99.8% |
| Market cap | $4,591.0B | $0.4B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AAPL | VELO |
|---|---|---|
| 2022 | -26.4% | -77.1% |
| 2023 | +49.0% | -77.8% |
| 2024 | +30.7% | -95.2% |
| 2025 | +9.1% | +35.7% |
| 2026 | +16.0% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AAPL and VELO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.06 over the last year and -0.06 over 5 years.
Is VELO a good diversifier for AAPL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aapl-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aapl-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAPL correlations · VELO correlations
