LILA vs VELO: Correlation
Measured on weekly returns over the past three years, Liberty Latin America Ltd. (LILA) and Velo3D, Inc. (VELO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILA and VELO?
On 3 years of weekly data the LILA/VELO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -2769.8 %².
Out of 13 assets tracked against LILA, VELO lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with VELO ahead by 129.4 points (+52.5% versus +181.9%). Note the risk asymmetry: VELO runs 5.0 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.
LILA vs VELO: side by side
| LILA (Liberty Latin America Ltd.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +52.5% | +181.9% |
| 5-year return | -13.8% | -99.8% |
| Volatility (ann.) | 49.9% | 249.0% |
| Beta vs S&P 500 | 0.47 | -2.66 |
| Max drawdown (3Y) | -57.1% | -99.8% |
| Market cap | $1.6B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LILA | VELO |
|---|---|---|
| 2022 | -35.4% | -77.1% |
| 2023 | -2.9% | -77.8% |
| 2024 | -13.0% | -95.2% |
| 2025 | +16.2% | +35.7% |
| 2026 | +65.9% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILA and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between LILA and VELO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.23 over the last year and -0.13 over 5 years.
Is VELO a good diversifier for LILA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/lila-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lila-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILA correlations · VELO correlations
