VELO vs VT: Correlation
How closely do Velo3D, Inc. (VELO) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and VT?
Over the past 3 years, VELO and VT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.19) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -539.5 %².
Within VELO's tracked universe of 84 assets, VT comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VELO ahead by 159.2 points (+181.9% versus +22.7%). One caveat on sizing: VELO is 17.9 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 VT: side by side
| VELO (Velo3D, Inc.) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +181.9% | +22.7% |
| 5-year return | -99.8% | +67.7% |
| Volatility (ann.) | 249.0% | 13.9% |
| Beta vs S&P 500 | -2.66 | 0.92 |
| Max drawdown (3Y) | -99.8% | -16.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | VELO | VT |
|---|---|---|
| 2022 | -77.1% | -18.0% |
| 2023 | -77.8% | +22.0% |
| 2024 | -95.2% | +16.5% |
| 2025 | +35.7% | +22.4% |
| 2026 | -6.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VT good diversifiers for each other?
Yes. With a correlation of -0.16, VELO and VT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VELO and VT?
As of 2026-08-27, the correlation of weekly returns between VELO and VT is -0.16 over 3 years, 0.19 over 1 year and -0.01 over 5 years.
Is VT a good diversifier for VELO?
Yes. With a correlation of -0.16, VELO and VT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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/velo-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/velo-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VELO correlations · VT correlations
