ADV vs SCSC: Correlation
Advantage Solutions Inc. (ADV) and ScanSource, Inc. (SCSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADV and SCSC?
Over the past 3 years, ADV and SCSC moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1310.6 %².
Few assets follow ADV as closely as SCSC, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months SCSC outperformed by 57.3 percentage points (-27.3% for ADV against +30.0% for SCSC). Note the risk asymmetry: ADV runs 2.3 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.
ADV vs SCSC: side by side
| ADV (Advantage Solutions Inc.) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | -27.3% | +30.0% |
| 5-year return | -84.9% | +60.7% |
| Volatility (ann.) | 82.5% | 35.5% |
| Beta vs S&P 500 | 1.06 | 1.21 |
| Max drawdown (3Y) | -89.3% | -44.2% |
| Market cap | $0.4B | $1.2B |
| P/E (trailing) | – | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADV | SCSC |
|---|---|---|
| 2022 | -74.1% | -16.7% |
| 2023 | +74.0% | +35.6% |
| 2024 | -19.3% | +19.8% |
| 2025 | -69.9% | -17.7% |
| 2026 | +52.0% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADV and SCSC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADV and SCSC?
As of 2026-08-27, the correlation of weekly returns between ADV and SCSC is 0.45 over 3 years, 0.49 over 1 year and 0.39 over 5 years.
Is SCSC a good diversifier for ADV?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/adv-vs-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adv-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADV correlations · SCSC correlations
