VELO vs WELL: Correlation
Measured on weekly returns over the past three years, Velo3D, Inc. (VELO) and Welltower (WELL) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and WELL?
On 3 years of weekly data the VELO/WELL correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -1530.9 %².
By 3-year correlation, WELL places #79 of the 84 assets tracked against VELO. Correlation aside, the last 12 months split them widely, with VELO ahead by 137.0 points (+181.9% versus +44.9%). Note the risk asymmetry: VELO runs 11.7 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 WELL: side by side
| VELO (Velo3D, Inc.) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +181.9% | +44.9% |
| 5-year return | -99.8% | +214.9% |
| Volatility (ann.) | 249.0% | 21.2% |
| Beta vs S&P 500 | -2.66 | 0.30 |
| Max drawdown (3Y) | -99.8% | -13.0% |
| Market cap | $0.4B | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.00% | 1.27% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | VELO | WELL |
|---|---|---|
| 2022 | -77.1% | -21.2% |
| 2023 | -77.8% | +41.8% |
| 2024 | -95.2% | +43.1% |
| 2025 | +35.7% | +49.9% |
| 2026 | -6.0% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and WELL good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and WELL?
As of 2026-08-27, the correlation of weekly returns between VELO and WELL is -0.29 over 3 years, -0.35 over 1 year and -0.14 over 5 years.
Is WELL a good diversifier for VELO?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/velo-vs-well.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/velo-vs-well/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VELO correlations · WELL correlations
