VELO vs VTI: Correlation
Velo3D, Inc. (VELO) and Vanguard Total Stock Market ETF (VTI) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and VTI?
On 3 years of weekly data the VELO/VTI correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus -0.14 over 3 years. The 5-year figure is 0.02, and annualized covariance runs at -522.3 %².
Within VELO's tracked universe of 84 assets, VTI comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 161.2 percentage points (+181.9% for VELO against +20.7% for VTI). Note the risk asymmetry: VELO runs 17.1 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.
VELO vs VTI: side by side
| VELO (Velo3D, Inc.) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +181.9% | +20.7% |
| 5-year return | -99.8% | +74.8% |
| Volatility (ann.) | 249.0% | 14.6% |
| Beta vs S&P 500 | -2.66 | 1.01 |
| Max drawdown (3Y) | -99.8% | -19.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | VELO | VTI |
|---|---|---|
| 2022 | -77.1% | -19.5% |
| 2023 | -77.8% | +26.0% |
| 2024 | -95.2% | +23.8% |
| 2025 | +35.7% | +17.1% |
| 2026 | -6.0% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VTI good diversifiers for each other?
Yes. With a correlation of -0.14, VELO and VTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VELO and VTI?
The VELO/VTI correlation stands at -0.14 on a 3-year window (1 year: 0.22, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for VELO?
Yes. With a correlation of -0.14, VELO and VTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
A reading of -0.14 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-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/velo-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VELO correlations · VTI correlations
