REG vs VELO: Correlation
How closely do Regency Centers (REG) and Velo3D, Inc. (VELO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REG and VELO?
Across a 3-year window, the weekly returns of REG and VELO correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.08, with an annualized covariance of -1163.6 %².
VELO is close to the least connected end of REG's tracked universe, ranking #40 of 41. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 173.5 percentage points (+8.4% for REG against +181.9% for VELO). Note the risk asymmetry: VELO runs 14.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
REG vs VELO: side by side
| REG (Regency Centers) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +181.9% |
| 5-year return | +35.2% | -99.8% |
| Volatility (ann.) | 17.8% | 249.0% |
| Beta vs S&P 500 | 0.34 | -2.66 |
| Max drawdown (3Y) | -15.1% | -99.8% |
| Market cap | $14.1B | $0.4B |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 3.89% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | REG | VELO |
|---|---|---|
| 2022 | -13.6% | -77.1% |
| 2023 | +11.9% | -77.8% |
| 2024 | +14.9% | -95.2% |
| 2025 | -2.8% | +35.7% |
| 2026 | +11.4% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REG and VELO good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REG and VELO?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.12 over the last year and -0.08 over 5 years.
Is VELO a good diversifier for REG?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/reg-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/reg-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REG correlations · VELO correlations
