ADV vs ZD: Correlation
Advantage Solutions Inc. (ADV) and Ziff Davis, Inc. (ZD) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADV and ZD?
Across a 3-year window, the weekly returns of ADV and ZD correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 1912.5 %².
Among the 11 assets we track against ADV, ZD ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZD outperformed by 75.0 percentage points (-27.3% for ADV against +47.7% for ZD). One caveat on sizing: ADV is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZD: side by side
| ADV (Advantage Solutions Inc.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | -27.3% | +47.7% |
| 5-year return | -84.9% | -53.5% |
| Volatility (ann.) | 82.5% | 52.4% |
| Beta vs S&P 500 | 1.06 | 1.08 |
| Max drawdown (3Y) | -89.3% | -62.6% |
| Market cap | $0.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADV | ZD |
|---|---|---|
| 2022 | -74.1% | -28.6% |
| 2023 | +74.0% | -15.1% |
| 2024 | -19.3% | -19.1% |
| 2025 | -69.9% | -35.3% |
| 2026 | +52.0% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADV and ZD good diversifiers for each other?
Reasonably. At 0.44, ADV and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADV and ZD?
As of 2026-08-27, the correlation of weekly returns between ADV and ZD is 0.44 over 3 years, 0.37 over 1 year and 0.40 over 5 years.
Is ZD a good diversifier for ADV?
Reasonably. At 0.44, ADV and ZD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/adv-vs-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adv-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADV correlations · ZD correlations
