SLND vs VEEE: Correlation
Measured on weekly returns over the past three years, Southland Holdings, Inc. (SLND) and Twin Vee PowerCats Co. (VEEE) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLND and VEEE?
Over the past 3 years, SLND and VEEE moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 18155.8 %².
In SLND's tracked universe of 12 assets, VEEE sits right near the top at #1. Twelve-month performance is nearly a tie, at -84.0% for SLND and -86.3% for VEEE. Note the risk asymmetry: VEEE runs 5.3 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.
SLND vs VEEE: side by side
| SLND (Southland Holdings, Inc.) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | -84.0% | -86.3% |
| 5-year return | -93.4% | -99.4% |
| Volatility (ann.) | 80.0% | 421.0% |
| Beta vs S&P 500 | 0.62 | -1.03 |
| Max drawdown (3Y) | -92.3% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLND | VEEE |
|---|---|---|
| 2022 | +2.9% | -54.4% |
| 2023 | -49.5% | -22.4% |
| 2024 | -37.0% | -61.3% |
| 2025 | +2.2% | -68.4% |
| 2026 | -80.6% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLND and VEEE good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SLND and VEEE?
The SLND/VEEE correlation stands at 0.54 on a 3-year window (1 year: 0.62, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is VEEE a good diversifier for SLND?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SLND correlations · VEEE correlations
