NVR vs VEL: Correlation
NVR, Inc. (NVR) and Velocity Financial, Inc. (VEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and VEL?
Across a 3-year window, the weekly returns of NVR and VEL correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 255.3 %².
By 3-year correlation, VEL places #21 of the 38 assets tracked against NVR. Their recent paths diverged sharply: over the last 12 months VEL outperformed by 15.7 percentage points (-20.8% for NVR against -5.1% for VEL).
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.
NVR vs VEL: side by side
| NVR (NVR, Inc.) | VEL (Velocity Financial, Inc.) | |
|---|---|---|
| 1-year return | -20.8% | -5.1% |
| 5-year return | +24.2% | +41.6% |
| Volatility (ann.) | 23.4% | 25.6% |
| Beta vs S&P 500 | 0.53 | 0.42 |
| Max drawdown (3Y) | -43.9% | -22.1% |
| Market cap | $17.0B | $0.7B |
| P/E (trailing) | 16.6 | 6.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NVR | VEL |
|---|---|---|
| 2022 | -21.9% | -29.6% |
| 2023 | +51.8% | +78.4% |
| 2024 | +16.8% | +13.6% |
| 2025 | -10.8% | +6.1% |
| 2026 | -12.7% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and VEL good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVR and VEL?
The NVR/VEL correlation stands at 0.43 on a 3-year window (1 year: 0.42, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is VEL a good diversifier for NVR?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvr-vs-vel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvr-vs-vel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVR correlations · VEL correlations
