VELO vs WBD: Correlation
Velo3D, Inc. (VELO) and Warner Bros. Discovery (WBD) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and WBD?
Across a 3-year window, the weekly returns of VELO and WBD correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.16 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -2149.5 %².
By 3-year correlation, WBD places #19 of the 84 assets tracked against VELO. Correlation aside, the last 12 months split them widely, with VELO ahead by 44.2 points (+181.9% versus +137.7%). Risk is not evenly split, since VELO carries 4.6 times the volatility of the other side.
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 WBD: side by side
| VELO (Velo3D, Inc.) | WBD (Warner Bros. Discovery) | |
|---|---|---|
| 1-year return | +181.9% | +137.7% |
| 5-year return | -99.8% | +3.7% |
| Volatility (ann.) | 249.0% | 54.7% |
| Beta vs S&P 500 | -2.66 | 1.19 |
| Max drawdown (3Y) | -99.8% | -48.9% |
| Market cap | $0.4B | $72.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | VELO | WBD |
|---|---|---|
| 2022 | -77.1% | -59.7% |
| 2023 | -77.8% | +20.0% |
| 2024 | -95.2% | -7.1% |
| 2025 | +35.7% | +172.7% |
| 2026 | -6.0% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and WBD good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and WBD?
As of 2026-08-27, the correlation of weekly returns between VELO and WBD is -0.16 over 3 years, 0.04 over 1 year and -0.10 over 5 years.
Is WBD a good diversifier for VELO?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
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-wbd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/velo-vs-wbd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VELO correlations · WBD correlations
