CIEN vs VEEE: Correlation
Measured on weekly returns over the past three years, Ciena (CIEN) and Twin Vee PowerCats Co. (VEEE) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIEN and VEEE?
Over the past 3 years, CIEN and VEEE moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -4639.1 %².
Among the 28 assets we track against CIEN, VEEE sits near the bottom by co-movement, at rank #24. Correlation aside, the last 12 months split them widely, with CIEN ahead by 417.5 points (+331.2% versus -86.3%). Note the risk asymmetry: VEEE runs 8.4 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.
CIEN vs VEEE: side by side
| CIEN (Ciena) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +331.2% | -86.3% |
| 5-year return | +598.5% | -99.4% |
| Volatility (ann.) | 50.1% | 421.0% |
| Beta vs S&P 500 | 1.59 | -1.03 |
| Max drawdown (3Y) | -47.3% | -99.3% |
| Market cap | $56.6B | – |
| P/E (trailing) | 133.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CIEN | VEEE |
|---|---|---|
| 2022 | -33.8% | -54.4% |
| 2023 | -11.7% | -22.4% |
| 2024 | +88.4% | -61.3% |
| 2025 | +175.8% | -68.4% |
| 2026 | +71.0% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIEN and VEEE good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CIEN and VEEE?
As of 2026-08-27, the correlation of weekly returns between CIEN and VEEE is -0.22 over 3 years, -0.35 over 1 year and -0.17 over 5 years.
Is VEEE a good diversifier for CIEN?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: CIEN correlations · VEEE correlations
