ACWI vs VELO: Correlation
How closely do iShares MSCI ACWI ETF (ACWI) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and VELO?
Across a 3-year window, the weekly returns of ACWI and VELO correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.18 versus -0.17 over 3 years. Stretching to 5 years gives -0.01, with an annualized covariance of -568.2 %².
Among the 119 assets we track against ACWI, VELO ranks #114 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VELO ahead by 159.2 points (+22.7% versus +181.9%). Note the risk asymmetry: VELO runs 18.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACWI vs VELO: side by side
| ACWI (iShares MSCI ACWI ETF) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +22.7% | +181.9% |
| 5-year return | +69.0% | -99.8% |
| Volatility (ann.) | 13.8% | 249.0% |
| Beta vs S&P 500 | 0.92 | -2.66 |
| Max drawdown (3Y) | -16.5% | -99.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | VELO |
|---|---|---|
| 2022 | -18.4% | -77.1% |
| 2023 | +22.3% | -77.8% |
| 2024 | +17.4% | -95.2% |
| 2025 | +22.4% | +35.7% |
| 2026 | +14.9% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and VELO good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACWI and VELO?
As of 2026-08-27, the correlation of weekly returns between ACWI and VELO is -0.17 over 3 years, 0.18 over 1 year and -0.01 over 5 years.
Is VELO a good diversifier for ACWI?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acwi-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACWI correlations · VELO correlations
