SBUX vs VELO: Correlation
Starbucks (SBUX) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and VELO?
Across a 3-year window, the weekly returns of SBUX and VELO correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.26 over 3 years. Stretching to 5 years gives -0.14, with an annualized covariance of -2172.2 %².
Among the 38 assets we track against SBUX, VELO sits near the bottom by co-movement, at rank #35. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 156.4 percentage points (+25.5% for SBUX against +181.9% for VELO). One caveat on sizing: VELO is 7.3 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.
SBUX vs VELO: side by side
| SBUX (Starbucks) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +25.5% | +181.9% |
| 5-year return | +4.5% | -99.8% |
| Volatility (ann.) | 34.2% | 249.0% |
| Beta vs S&P 500 | 1.10 | -2.66 |
| Max drawdown (3Y) | -32.0% | -99.8% |
| Market cap | $122.3B | $0.4B |
| P/E (trailing) | 62.7 | – |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | SBUX | VELO |
|---|---|---|
| 2022 | -13.2% | -77.1% |
| 2023 | -1.2% | -77.8% |
| 2024 | -2.5% | -95.2% |
| 2025 | -5.3% | +35.7% |
| 2026 | +29.7% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBUX 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 SBUX and VELO?
As of 2026-08-27, the correlation of weekly returns between SBUX and VELO is -0.26 over 3 years, 0.09 over 1 year and -0.14 over 5 years.
Is VELO a good diversifier for SBUX?
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?
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/sbux-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbux-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBUX correlations · VELO correlations
