JYD vs VELO: Correlation
Measured on weekly returns over the past three years, Jayud Global Logistics Limited - Class A (JYD) and Velo3D, Inc. (VELO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JYD and VELO?
Over the past 3 years, JYD and VELO moved with a correlation of -0.25, which is 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 -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -8457.3 %².
VELO is close to the least connected end of JYD's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 271.4 percentage points (-89.5% for JYD against +181.9% for VELO). One caveat on sizing: VELO is 1.8 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.
JYD vs VELO: side by side
| JYD (Jayud Global Logistics Limited - Class A) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -89.5% | +181.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 136.8% | 249.0% |
| Beta vs S&P 500 | 1.58 | -2.66 |
| Max drawdown (3Y) | -99.8% | -99.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JYD | VELO |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | – | -77.8% |
| 2024 | +188.3% | -95.2% |
| 2025 | -96.9% | +35.7% |
| 2026 | -81.5% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JYD and VELO good diversifiers for each other?
Yes. With a correlation of -0.25, JYD and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JYD and VELO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.05 over the last year and n/a over 5 years.
Is VELO a good diversifier for JYD?
Yes. With a correlation of -0.25, JYD and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/jyd-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jyd-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JYD correlations · VELO correlations
