PCVX vs VELO: Correlation
How closely do Vaxcyte, Inc. (PCVX) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCVX and VELO?
Across a 3-year window, the weekly returns of PCVX and VELO correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.31 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -4469.4 %².
Among the 17 assets we track against PCVX, VELO sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with VELO ahead by 81.7 points (+100.2% versus +181.9%). One caveat on sizing: VELO is 4.3 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.
PCVX vs VELO: side by side
| PCVX (Vaxcyte, Inc.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +100.2% | +181.9% |
| 5-year return | +130.8% | -99.8% |
| Volatility (ann.) | 57.9% | 249.0% |
| Beta vs S&P 500 | 1.40 | -2.66 |
| Max drawdown (3Y) | -76.2% | -99.8% |
| Market cap | $9.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCVX | VELO |
|---|---|---|
| 2022 | +101.6% | -77.1% |
| 2023 | +31.0% | -77.8% |
| 2024 | +30.4% | -95.2% |
| 2025 | -43.6% | +35.7% |
| 2026 | +32.5% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCVX and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between PCVX and VELO?
As of 2026-08-27, the correlation of weekly returns between PCVX and VELO is -0.31 over 3 years, -0.10 over 1 year and -0.13 over 5 years.
Is VELO a good diversifier for PCVX?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/pcvx-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcvx-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCVX correlations · VELO correlations
