IBM vs VEEE: Correlation
How closely do IBM (IBM) and Twin Vee PowerCats Co. (VEEE) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBM and VEEE?
Across a 3-year window, the weekly returns of IBM and VEEE correlate at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.40). Stretching to 5 years gives -0.32, with an annualized covariance of -5826.5 %².
Among the 28 assets we track against IBM, VEEE sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with IBM ahead by 86.4 points (+0.1% versus -86.3%). Risk is not evenly split, since VEEE carries 12.1 times the volatility of the other side.
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.
IBM vs VEEE: side by side
| IBM (IBM) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +0.1% | -86.3% |
| 5-year return | +117.6% | -99.4% |
| Volatility (ann.) | 34.7% | 421.0% |
| Beta vs S&P 500 | 0.78 | -1.03 |
| Max drawdown (3Y) | -37.5% | -99.3% |
| Market cap | $225.0B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 2.93% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IBM | VEEE |
|---|---|---|
| 2022 | +10.6% | -54.4% |
| 2023 | +21.8% | -22.4% |
| 2024 | +39.3% | -61.3% |
| 2025 | +38.2% | -68.4% |
| 2026 | -17.7% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBM and VEEE good diversifiers for each other?
Yes. With a correlation of -0.40, IBM and VEEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBM and VEEE?
As of 2026-08-27, the correlation of weekly returns between IBM and VEEE is -0.40 over 3 years, -0.53 over 1 year and -0.32 over 5 years.
Is VEEE a good diversifier for IBM?
Yes. With a correlation of -0.40, IBM and VEEE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 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: IBM correlations · VEEE correlations
