UDR vs VELO: Correlation
Measured on weekly returns over the past three years, UDR, Inc. (UDR) and Velo3D, Inc. (VELO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UDR and VELO?
Across a 3-year window, the weekly returns of UDR and VELO correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.10, with an annualized covariance of -1224.8 %².
Out of 32 assets tracked against UDR, VELO lands near the bottom at #30. The last year tells two different stories: VELO led by 182.5 percentage points, -0.6% for UDR against +181.9% for VELO. Note the risk asymmetry: VELO runs 11.8 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.
UDR vs VELO: side by side
| UDR (UDR, Inc.) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -0.6% | +181.9% |
| 5-year return | -15.5% | -99.8% |
| Volatility (ann.) | 21.1% | 249.0% |
| Beta vs S&P 500 | 0.54 | -2.66 |
| Max drawdown (3Y) | -24.9% | -99.8% |
| Market cap | $13.6B | $0.4B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 4.56% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | UDR | VELO |
|---|---|---|
| 2022 | -33.4% | -77.1% |
| 2023 | +3.1% | -77.8% |
| 2024 | +18.3% | -95.2% |
| 2025 | -11.8% | +35.7% |
| 2026 | +4.3% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UDR and VELO good diversifiers for each other?
Yes. With a correlation of -0.23, UDR and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UDR and VELO?
The UDR/VELO correlation stands at -0.23 on a 3-year window (1 year: -0.09, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for UDR?
Yes. With a correlation of -0.23, UDR and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/udr-vs-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/udr-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UDR correlations · VELO correlations
