BBLG vs VELO: Correlation
Measured on weekly returns over the past three years, Bone Biologics Corp (BBLG) and Velo3D, Inc. (VELO) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and VELO?
Over the past 3 years, BBLG and VELO moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.35 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 12184.6 %².
Among the 14 assets we track against BBLG, VELO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 253.3 percentage points (-71.4% for BBLG against +181.9% for VELO). Note the risk asymmetry: VELO runs 1.8 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.
BBLG vs VELO: side by side
| BBLG (Bone Biologics Corp) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -71.4% | +181.9% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 140.7% | 249.0% |
| Beta vs S&P 500 | 0.69 | -2.66 |
| Max drawdown (3Y) | -98.4% | -99.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | VELO |
|---|---|---|
| 2022 | -94.0% | -77.1% |
| 2023 | -91.0% | -77.8% |
| 2024 | -79.2% | -95.2% |
| 2025 | -74.3% | +35.7% |
| 2026 | -57.6% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and VELO good diversifiers for each other?
Reasonably. At 0.35, BBLG and VELO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBLG and VELO?
The BBLG/VELO correlation stands at 0.35 on a 3-year window (1 year: 0.22, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for BBLG?
Reasonably. At 0.35, BBLG and VELO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/bblg-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bblg-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBLG correlations · VELO correlations
