VELO vs XYL: Correlation
Velo3D, Inc. (VELO) and Xylem Inc. (XYL) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VELO and XYL?
On 3 years of weekly data the VELO/XYL correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.17). The 5-year figure is -0.02, and annualized covariance runs at -998.5 %².
Within VELO's tracked universe of 84 assets, XYL comes in at #28 by 3-year correlation. The last year tells two different stories: VELO led by 203.0 percentage points, +181.9% for VELO against -21.1% for XYL. Note the risk asymmetry: VELO runs 10.4 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 XYL: side by side
| VELO (Velo3D, Inc.) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +181.9% | -21.1% |
| 5-year return | -99.8% | -12.5% |
| Volatility (ann.) | 249.0% | 23.9% |
| Beta vs S&P 500 | -2.66 | 0.96 |
| Max drawdown (3Y) | -99.8% | -30.0% |
| Market cap | $0.4B | $26.3B |
| P/E (trailing) | – | 26.8 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | VELO | XYL |
|---|---|---|
| 2022 | -77.1% | -6.6% |
| 2023 | -77.8% | +4.8% |
| 2024 | -95.2% | +2.6% |
| 2025 | +35.7% | +18.8% |
| 2026 | -6.0% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VELO and XYL good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between VELO and XYL?
As of 2026-08-27, the correlation of weekly returns between VELO and XYL is -0.17 over 3 years, 0.04 over 1 year and -0.02 over 5 years.
Is XYL a good diversifier for VELO?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/velo-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VELO correlations · XYL correlations
