JOBY vs VERI: Correlation
How closely do Joby Aviation, Inc. (JOBY) and Veritone, Inc. (VERI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOBY and VERI?
Over the past 3 years, JOBY and VERI moved with a correlation of 0.44, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.44 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 3691.3 %².
By 3-year correlation, VERI places #21 of the 26 assets tracked against JOBY. Correlation aside, the last 12 months split them widely, with JOBY ahead by 22.6 points (-50.4% versus -73.0%). One caveat on sizing: VERI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JOBY vs VERI: side by side
| JOBY (Joby Aviation, Inc.) | VERI (Veritone, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | -73.0% |
| 5-year return | -43.1% | -95.9% |
| Volatility (ann.) | 70.2% | 118.8% |
| Beta vs S&P 500 | 2.37 | 2.91 |
| Max drawdown (3Y) | -67.4% | -90.5% |
| Market cap | $7.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOBY | VERI |
|---|---|---|
| 2022 | -54.1% | -76.4% |
| 2023 | +98.5% | -65.8% |
| 2024 | +22.3% | +81.2% |
| 2025 | +62.4% | +41.8% |
| 2026 | -45.8% | -82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOBY and VERI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JOBY and VERI?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.56 over the last year and 0.43 over 5 years.
Is VERI a good diversifier for JOBY?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/joby-vs-veri.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/joby-vs-veri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JOBY correlations · VERI correlations
