KIM vs VELO: Correlation
How closely do Kimco Realty (KIM) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and VELO?
Over the past 3 years, KIM and VELO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.20). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1154.4 %².
Out of 45 assets tracked against KIM, VELO lands near the bottom at #41. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 170.5 percentage points (+11.4% for KIM against +181.9% for VELO). Risk is not evenly split, since VELO carries 10.9 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.
KIM vs VELO: side by side
| KIM (Kimco Realty) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +181.9% |
| 5-year return | +35.9% | -99.8% |
| Volatility (ann.) | 22.9% | 249.0% |
| Beta vs S&P 500 | 0.63 | -2.66 |
| Max drawdown (3Y) | -25.9% | -99.8% |
| Market cap | $16.0B | $0.4B |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | VELO |
|---|---|---|
| 2022 | -10.8% | -77.1% |
| 2023 | +6.1% | -77.8% |
| 2024 | +15.0% | -95.2% |
| 2025 | -9.3% | +35.7% |
| 2026 | +20.1% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and VELO good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KIM and VELO?
The KIM/VELO correlation stands at -0.20 on a 3-year window (1 year: -0.06, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for KIM?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/kim-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kim-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KIM correlations · VELO correlations
