ARE vs VELO: Correlation
Measured on weekly returns over the past three years, Alexandria Real Estate Equities (ARE) and Velo3D, Inc. (VELO) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARE and VELO?
Across a 3-year window, the weekly returns of ARE and VELO correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.15). Stretching to 5 years gives -0.06, with an annualized covariance of -1420.0 %².
By 3-year correlation, VELO places #26 of the 34 assets tracked against ARE. Correlation aside, the last 12 months split them widely, with VELO ahead by 214.0 points (-32.1% versus +181.9%). Note the risk asymmetry: VELO runs 6.5 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.
ARE vs VELO: side by side
| ARE (Alexandria Real Estate Equities) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -32.1% | +181.9% |
| 5-year return | -68.3% | -99.8% |
| Volatility (ann.) | 38.3% | 249.0% |
| Beta vs S&P 500 | 0.91 | -2.66 |
| Max drawdown (3Y) | -65.6% | -99.8% |
| Market cap | $9.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 6.57% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | ARE | VELO |
|---|---|---|
| 2022 | -32.6% | -77.1% |
| 2023 | -9.1% | -77.8% |
| 2024 | -19.4% | -95.2% |
| 2025 | -46.6% | +35.7% |
| 2026 | +9.9% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARE and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARE and VELO?
As of 2026-08-27, the correlation of weekly returns between ARE and VELO is -0.15 over 3 years, 0.01 over 1 year and -0.06 over 5 years.
Is VELO a good diversifier for ARE?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/are-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/are-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARE correlations · VELO correlations
