VELO vs VTR: Correlation
Measured on weekly returns over the past three years, Velo3D, Inc. (VELO) and Ventas (VTR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and VTR?
Across a 3-year window, the weekly returns of VELO and VTR correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -1392.1 %².
By 3-year correlation, VTR places #76 of the 84 assets tracked against VELO. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 141.5 percentage points (+181.9% for VELO against +40.4% for VTR). Note the risk asymmetry: VELO runs 11.6 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 VTR: side by side
| VELO (Velo3D, Inc.) | VTR (Ventas) | |
|---|---|---|
| 1-year return | +181.9% | +40.4% |
| 5-year return | -99.8% | +98.1% |
| Volatility (ann.) | 249.0% | 21.5% |
| Beta vs S&P 500 | -2.66 | 0.25 |
| Max drawdown (3Y) | -99.8% | -16.7% |
| Market cap | $0.4B | $47.6B |
| P/E (trailing) | – | 168.9 |
| Dividend yield | 0.00% | 2.14% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | VELO | VTR |
|---|---|---|
| 2022 | -77.1% | -8.5% |
| 2023 | -77.8% | +15.1% |
| 2024 | -95.2% | +22.2% |
| 2025 | +35.7% | +35.1% |
| 2026 | -6.0% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and VTR?
As of 2026-08-27, the correlation of weekly returns between VELO and VTR is -0.26 over 3 years, -0.27 over 1 year and -0.10 over 5 years.
Is VTR a good diversifier for VELO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: VELO correlations · VTR correlations
