VELO vs VIG: Correlation
How closely do Velo3D, Inc. (VELO) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and VIG?
Across a 3-year window, the weekly returns of VELO and VIG correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.18). Stretching to 5 years gives -0.02, with an annualized covariance of -544.6 %².
Among the 84 assets we track against VELO, VIG ranks #32 by 3-year correlation. The last year tells two different stories: VELO led by 164.8 percentage points, +181.9% for VELO against +17.1% for VIG. One caveat on sizing: VELO is 20.9 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.
VELO vs VIG: side by side
| VELO (Velo3D, Inc.) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +181.9% | +17.1% |
| 5-year return | -99.8% | +64.0% |
| Volatility (ann.) | 249.0% | 11.9% |
| Beta vs S&P 500 | -2.66 | 0.74 |
| Max drawdown (3Y) | -99.8% | -15.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | US Listed | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | VELO | VIG |
|---|---|---|
| 2022 | -77.1% | -9.8% |
| 2023 | -77.8% | +14.5% |
| 2024 | -95.2% | +17.0% |
| 2025 | +35.7% | +14.2% |
| 2026 | -6.0% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and VIG?
The VELO/VIG correlation stands at -0.18 on a 3-year window (1 year: 0.18, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for VELO?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/velo-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/velo-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VELO correlations · VIG correlations
