LEDS vs VEEE: Correlation
How closely do SemiLEDS Corporation (LEDS) and Twin Vee PowerCats Co. (VEEE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEDS and VEEE?
On 3 years of weekly data the LEDS/VEEE correlation comes out at 0.54, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.54). The 5-year figure is 0.49, and annualized covariance runs at 20640.2 %².
In LEDS's tracked universe of 11 assets, VEEE sits right near the top at #1. The last year tells two different stories: LEDS led by 87.3 percentage points, +1.0% for LEDS against -86.3% for VEEE. Note the risk asymmetry: VEEE runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LEDS vs VEEE: side by side
| LEDS (SemiLEDS Corporation) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +1.0% | -86.3% |
| 5-year return | -78.8% | -99.4% |
| Volatility (ann.) | 90.7% | 421.0% |
| Beta vs S&P 500 | 1.11 | -1.03 |
| Max drawdown (3Y) | -67.6% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEDS | VEEE |
|---|---|---|
| 2022 | -65.4% | -54.4% |
| 2023 | -13.1% | -22.4% |
| 2024 | -7.2% | -61.3% |
| 2025 | +16.3% | -68.4% |
| 2026 | +32.0% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEDS and VEEE good diversifiers for each other?
Only partially. A correlation of 0.54 means LEDS and VEEE 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 LEDS and VEEE?
The LEDS/VEEE correlation stands at 0.54 on a 3-year window (1 year: 0.74, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is VEEE a good diversifier for LEDS?
Only partially. A correlation of 0.54 means LEDS and VEEE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LEDS correlations · VEEE correlations
