SBC vs VELO: Correlation
SBC Medical Group Holdings Incorporated (SBC) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBC and VELO?
Over the past 3 years, SBC and VELO moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -5358.7 %².
VELO is close to the least connected end of SBC's tracked universe, ranking #15 of 16. Correlation aside, the last 12 months split them widely, with VELO ahead by 183.6 points (-1.7% versus +181.9%). Risk is not evenly split, since VELO carries 3.1 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.
SBC vs VELO: side by side
| SBC (SBC Medical Group Holdings Incorporated) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -1.7% | +181.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 81.1% | 249.0% |
| Beta vs S&P 500 | 0.56 | -2.66 |
| Max drawdown (3Y) | -82.1% | -99.8% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 8.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBC | VELO |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | +5.6% | -77.8% |
| 2024 | -48.4% | -95.2% |
| 2025 | -22.5% | +35.7% |
| 2026 | -4.6% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBC and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SBC and VELO?
The SBC/VELO correlation stands at -0.27 on a 3-year window (1 year: -0.04, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for SBC?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/sbc-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbc-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBC correlations · VELO correlations
