CPT vs VELO: Correlation
Camden Property Trust (CPT) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and VELO?
On 3 years of weekly data the CPT/VELO correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -907.3 %².
Within CPT's tracked universe of 33 assets, VELO comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VELO ahead by 182.3 points (-0.4% versus +181.9%). Note the risk asymmetry: VELO runs 11.7 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.
CPT vs VELO: side by side
| CPT (Camden Property Trust) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | +181.9% |
| 5-year return | -15.4% | -99.8% |
| Volatility (ann.) | 21.3% | 249.0% |
| Beta vs S&P 500 | 0.55 | -2.66 |
| Max drawdown (3Y) | -21.7% | -99.8% |
| Market cap | $12.2B | $0.4B |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | VELO |
|---|---|---|
| 2022 | -35.6% | -77.1% |
| 2023 | -7.6% | -77.8% |
| 2024 | +21.3% | -95.2% |
| 2025 | -1.5% | +35.7% |
| 2026 | -2.0% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and VELO good diversifiers for each other?
Yes. With a correlation of -0.17, CPT and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPT and VELO?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.10 over the last year and -0.05 over 5 years.
Is VELO a good diversifier for CPT?
Yes. With a correlation of -0.17, CPT and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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/cpt-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpt-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPT correlations · VELO correlations
