KLAC vs VECO: Correlation
KLA Corporation (KLAC) and Veeco Instruments Inc. (VECO) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLAC and VECO?
On 3 years of weekly data the KLAC/VECO correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.75 over 3. The 5-year figure is 0.73, and annualized covariance runs at 1682.6 %².
Among the 40 assets we track against KLAC, VECO ranks #10 by 3-year correlation. Over the last 12 months KLAC came out ahead by 12.3 percentage points (+107.9% against +95.6%).
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.
KLAC vs VECO: side by side
| KLAC (KLA Corporation) | VECO (Veeco Instruments Inc.) | |
|---|---|---|
| 1-year return | +107.9% | +95.6% |
| 5-year return | +463.9% | +105.2% |
| Volatility (ann.) | 45.6% | 49.1% |
| Beta vs S&P 500 | 1.84 | 1.57 |
| Max drawdown (3Y) | -43.6% | -64.2% |
| Market cap | $240.1B | $2.9B |
| P/E (trailing) | 50.2 | 120.4 |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KLAC | VECO |
|---|---|---|
| 2022 | -11.2% | -34.7% |
| 2023 | +56.0% | +67.0% |
| 2024 | +9.4% | -13.6% |
| 2025 | +94.5% | +6.6% |
| 2026 | +51.8% | +64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLAC and VECO good diversifiers for each other?
Only partially. A correlation of 0.75 means KLAC and VECO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KLAC and VECO?
As of 2026-08-27, the correlation of weekly returns between KLAC and VECO is 0.75 over 3 years, 0.69 over 1 year and 0.73 over 5 years.
Is VECO a good diversifier for KLAC?
Only partially. A correlation of 0.75 means KLAC and VECO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/klac-vs-veco.json
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[](https://www.pairbook.io/pair/klac-vs-veco/)
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Related comparisons
Hubs: KLAC correlations · VECO correlations
