FRT vs VELO: Correlation
Measured on weekly returns over the past three years, Federal Realty Investment Trust (FRT) and Velo3D, Inc. (VELO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRT and VELO?
Across a 3-year window, the weekly returns of FRT and VELO correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.20 over 3 years. Stretching to 5 years gives -0.04, with an annualized covariance of -984.3 %².
VELO is close to the least connected end of FRT's tracked universe, ranking #43 of 46. The last year tells two different stories: VELO led by 160.3 percentage points, +21.6% for FRT against +181.9% for VELO. Note the risk asymmetry: VELO runs 12.8 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.
FRT vs VELO: side by side
| FRT (Federal Realty Investment Trust) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | +181.9% |
| 5-year return | +18.8% | -99.8% |
| Volatility (ann.) | 19.5% | 249.0% |
| Beta vs S&P 500 | 0.53 | -2.66 |
| Max drawdown (3Y) | -27.4% | -99.8% |
| Market cap | $10.2B | $0.4B |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | FRT | VELO |
|---|---|---|
| 2022 | -22.7% | -77.1% |
| 2023 | +6.6% | -77.8% |
| 2024 | +12.1% | -95.2% |
| 2025 | -5.9% | +35.7% |
| 2026 | +19.7% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRT and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FRT and VELO?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.05 over the last year and -0.04 over 5 years.
Is VELO a good diversifier for FRT?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frt-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frt-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRT correlations · VELO correlations
