AKR vs VELO: Correlation
How closely do Acadia Realty Trust (AKR) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKR and VELO?
Across a 3-year window, the weekly returns of AKR and VELO correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -1542.6 %².
Among the 17 assets we track against AKR, VELO sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 172.9 percentage points (+9.0% for AKR against +181.9% for VELO). One caveat on sizing: VELO is 10.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AKR vs VELO: side by side
| AKR (Acadia Realty Trust) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +9.0% | +181.9% |
| 5-year return | +21.0% | -99.8% |
| Volatility (ann.) | 24.9% | 249.0% |
| Beta vs S&P 500 | 0.71 | -2.66 |
| Max drawdown (3Y) | -31.8% | -99.8% |
| Market cap | $3.0B | $0.4B |
| P/E (trailing) | 59.7 | – |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKR | VELO |
|---|---|---|
| 2022 | -31.2% | -77.1% |
| 2023 | +24.4% | -77.8% |
| 2024 | +47.7% | -95.2% |
| 2025 | -11.5% | +35.7% |
| 2026 | +3.8% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKR and VELO good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKR and VELO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.17 over the last year and -0.10 over 5 years.
Is VELO a good diversifier for AKR?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akr-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akr-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKR correlations · VELO correlations
