SOLV vs VELO: Correlation
Measured on weekly returns over the past three years, Solventum (SOLV) and Velo3D, Inc. (VELO) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOLV and VELO?
Across a 3-year window, the weekly returns of SOLV and VELO correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1457.9 %².
By 3-year correlation, VELO places #25 of the 30 assets tracked against SOLV. Correlation aside, the last 12 months split them widely, with VELO ahead by 157.2 points (+24.7% versus +181.9%). Note the risk asymmetry: VELO runs 8.2 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.
SOLV vs VELO: side by side
| SOLV (Solventum) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | +181.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 30.4% | 249.0% |
| Beta vs S&P 500 | 0.62 | -2.66 |
| Max drawdown (3Y) | -40.0% | -99.8% |
| Market cap | $15.5B | $0.4B |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | SOLV | VELO |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | – | -77.8% |
| 2024 | – | -95.2% |
| 2025 | +20.0% | +35.7% |
| 2026 | +14.8% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOLV and VELO good diversifiers for each other?
Yes. With a correlation of -0.18, SOLV and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SOLV and VELO?
The SOLV/VELO correlation stands at -0.18 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for SOLV?
Yes. With a correlation of -0.18, SOLV and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/solv-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/solv-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SOLV correlations · VELO correlations
