VELO vs VYM: Correlation
Measured on weekly returns over the past three years, Velo3D, Inc. (VELO) and Vanguard High Dividend Yield ETF (VYM) 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 VYM?
Across a 3-year window, the weekly returns of VELO and VYM correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.17). Stretching to 5 years gives -0.04, with an annualized covariance of -510.5 %².
By 3-year correlation, VYM places #27 of the 84 assets tracked against VELO. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 160.8 percentage points (+181.9% for VELO against +21.1% for VYM). Note the risk asymmetry: VELO runs 20.2 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 VYM: side by side
| VELO (Velo3D, Inc.) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +181.9% | +21.1% |
| 5-year return | -99.8% | +76.6% |
| Volatility (ann.) | 249.0% | 12.3% |
| Beta vs S&P 500 | -2.66 | 0.69 |
| Max drawdown (3Y) | -99.8% | -14.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | VELO | VYM |
|---|---|---|
| 2022 | -77.1% | -0.4% |
| 2023 | -77.8% | +6.6% |
| 2024 | -95.2% | +17.6% |
| 2025 | +35.7% | +15.4% |
| 2026 | -6.0% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and VYM 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 VYM?
As of 2026-08-27, the correlation of weekly returns between VELO and VYM is -0.17 over 3 years, 0.13 over 1 year and -0.04 over 5 years.
Is VYM 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.
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Related comparisons
Hubs: VELO correlations · VYM correlations
