LILAK vs VELO: Correlation
Liberty Latin America Ltd. (LILAK) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILAK and VELO?
On 3 years of weekly data the LILAK/VELO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -2846.1 %².
Out of 13 assets tracked against LILAK, VELO lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 133.8 percentage points (+48.1% for LILAK against +181.9% for VELO). One caveat on sizing: VELO is 5.0 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.
LILAK vs VELO: side by side
| LILAK (Liberty Latin America Ltd.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +48.1% | +181.9% |
| 5-year return | -15.2% | -99.8% |
| Volatility (ann.) | 49.7% | 249.0% |
| Beta vs S&P 500 | 0.52 | -2.66 |
| Max drawdown (3Y) | -57.2% | -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 | LILAK | VELO |
|---|---|---|
| 2022 | -33.3% | -77.1% |
| 2023 | -3.4% | -77.8% |
| 2024 | -13.6% | -95.2% |
| 2025 | +17.7% | +35.7% |
| 2026 | +63.2% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILAK and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between LILAK and VELO?
As of 2026-08-27, the correlation of weekly returns between LILAK and VELO is -0.23 over 3 years, -0.22 over 1 year and -0.14 over 5 years.
Is VELO a good diversifier for LILAK?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lilak-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lilak-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILAK correlations · VELO correlations
