MAA vs VELO: Correlation
How closely do Mid-America Apartment Communities (MAA) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and VELO?
Across a 3-year window, the weekly returns of MAA and VELO correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.10 lands near the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -946.6 %².
Among the 31 assets we track against MAA, VELO ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 188.5 percentage points (-6.6% for MAA against +181.9% for VELO). One caveat on sizing: VELO is 12.3 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.
MAA vs VELO: side by side
| MAA (Mid-America Apartment Communities) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | +181.9% |
| 5-year return | -19.3% | -99.8% |
| Volatility (ann.) | 20.3% | 249.0% |
| Beta vs S&P 500 | 0.49 | -2.66 |
| Max drawdown (3Y) | -26.4% | -99.8% |
| Market cap | $15.3B | $0.4B |
| P/E (trailing) | 37.7 | – |
| Dividend yield | 4.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | MAA | VELO |
|---|---|---|
| 2022 | -29.7% | -77.1% |
| 2023 | -11.1% | -77.8% |
| 2024 | +19.9% | -95.2% |
| 2025 | -6.4% | +35.7% |
| 2026 | -4.0% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and VELO good diversifiers for each other?
Yes. With a correlation of -0.19, MAA and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAA and VELO?
The MAA/VELO correlation stands at -0.19 on a 3-year window (1 year: -0.10, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for MAA?
Yes. With a correlation of -0.19, MAA and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/maa-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maa-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAA correlations · VELO correlations
