VELO vs VTV: Correlation
Measured on weekly returns over the past three years, Velo3D, Inc. (VELO) and Vanguard Value ETF (VTV) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and VTV?
Across a 3-year window, the weekly returns of VELO and VTV correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.17 over 3 years. Stretching to 5 years gives -0.03, with an annualized covariance of -501.5 %².
Within VELO's tracked universe of 84 assets, VTV comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VELO ahead by 156.2 points (+181.9% versus +25.7%). Note the risk asymmetry: VELO runs 20.9 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 VTV: side by side
| VELO (Velo3D, Inc.) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +181.9% | +25.7% |
| 5-year return | -99.8% | +79.1% |
| Volatility (ann.) | 249.0% | 11.9% |
| Beta vs S&P 500 | -2.66 | 0.65 |
| Max drawdown (3Y) | -99.8% | -14.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | VELO | VTV |
|---|---|---|
| 2022 | -77.1% | -2.1% |
| 2023 | -77.8% | +9.3% |
| 2024 | -95.2% | +16.0% |
| 2025 | +35.7% | +15.3% |
| 2026 | -6.0% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VTV good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VELO and VTV?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.15 over the last year and -0.03 over 5 years.
Is VTV a good diversifier for VELO?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/velo-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VELO correlations · VTV correlations
