MPT vs VELO: Correlation
How closely do Medical Properties Trust, Inc. (MPT) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPT and VELO?
Across a 3-year window, the weekly returns of MPT and VELO correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -3134.4 %².
VELO is close to the least connected end of MPT's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 184.0 percentage points (-2.1% for MPT against +181.9% for VELO). Risk is not evenly split, since VELO carries 4.6 times the volatility of the other side.
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.
MPT vs VELO: side by side
| MPT (Medical Properties Trust, Inc.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -2.1% | +181.9% |
| 5-year return | -69.8% | -99.8% |
| Volatility (ann.) | 53.6% | 249.0% |
| Beta vs S&P 500 | 1.05 | -2.66 |
| Max drawdown (3Y) | -55.9% | -99.8% |
| Market cap | $2.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 8.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPT | VELO |
|---|---|---|
| 2022 | -49.0% | -77.1% |
| 2023 | -50.3% | -77.8% |
| 2024 | -11.5% | -95.2% |
| 2025 | +35.2% | +35.7% |
| 2026 | -16.3% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPT and VELO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MPT and VELO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.16 over the last year and -0.13 over 5 years.
Is VELO a good diversifier for MPT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/mpt-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpt-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPT correlations · VELO correlations
