DD vs VELO: Correlation
DuPont (DD) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and VELO?
On 3 years of weekly data the DD/VELO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.25). The 5-year figure is -0.10, and annualized covariance runs at -1766.9 %².
VELO is close to the least connected end of DD's tracked universe, ranking #30 of 34. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 137.2 percentage points (+44.7% for DD against +181.9% for VELO). Note the risk asymmetry: VELO runs 8.6 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.
DD vs VELO: side by side
| DD (DuPont) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +44.7% | +181.9% |
| 5-year return | +64.0% | -99.8% |
| Volatility (ann.) | 28.8% | 249.0% |
| Beta vs S&P 500 | 0.93 | -2.66 |
| Max drawdown (3Y) | -37.8% | -99.8% |
| Market cap | $18.7B | $0.4B |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DD | VELO |
|---|---|---|
| 2022 | -13.4% | -77.1% |
| 2023 | +14.4% | -77.8% |
| 2024 | +1.0% | -95.2% |
| 2025 | +28.7% | +35.7% |
| 2026 | +16.0% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DD and VELO?
As of 2026-08-27, the correlation of weekly returns between DD and VELO is -0.25 over 3 years, -0.02 over 1 year and -0.10 over 5 years.
Is VELO a good diversifier for DD?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
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/dd-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dd-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DD correlations · VELO correlations
