GLW vs VEEE: Correlation
How closely do Corning Inc. (GLW) and Twin Vee PowerCats Co. (VEEE) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and VEEE?
Across a 3-year window, the weekly returns of GLW and VEEE correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.36) sits close to the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -4740.8 %².
By 3-year correlation, VEEE places #32 of the 37 assets tracked against GLW. The last year tells two different stories: GLW led by 216.0 percentage points, +129.7% for GLW against -86.3% for VEEE. Note the risk asymmetry: VEEE runs 10.0 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.
GLW vs VEEE: side by side
| GLW (Corning Inc.) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +129.7% | -86.3% |
| 5-year return | +331.4% | -99.4% |
| Volatility (ann.) | 42.1% | 421.0% |
| Beta vs S&P 500 | 1.15 | -1.03 |
| Max drawdown (3Y) | -51.5% | -99.3% |
| Market cap | $131.6B | – |
| P/E (trailing) | 70.4 | – |
| Dividend yield | 0.73% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | VEEE |
|---|---|---|
| 2022 | -11.6% | -54.4% |
| 2023 | -1.2% | -22.4% |
| 2024 | +60.6% | -61.3% |
| 2025 | +87.8% | -68.4% |
| 2026 | +75.1% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and VEEE good diversifiers for each other?
Yes. With a correlation of -0.27, GLW and VEEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLW and VEEE?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.36 over the last year and -0.21 over 5 years.
Is VEEE a good diversifier for GLW?
Yes. With a correlation of -0.27, GLW and VEEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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: GLW correlations · VEEE correlations
