AVO vs ZSQR: Correlation
Mission Produce, Inc. (AVO) and Z Squared Inc. (ZSQR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and ZSQR?
Over the past 3 years, AVO and ZSQR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -779.2 %².
Out of 10 assets tracked against AVO, ZSQR lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months AVO outperformed by 68.5 percentage points (+0.3% for AVO against -68.2% for ZSQR). One caveat on sizing: ZSQR is 2.7 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.
AVO vs ZSQR: side by side
| AVO (Mission Produce, Inc.) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +0.3% | -68.2% |
| 5-year return | -38.9% | -97.9% |
| Volatility (ann.) | 37.0% | 98.5% |
| Beta vs S&P 500 | 0.40 | 0.28 |
| Max drawdown (3Y) | -34.1% | -89.7% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | 40.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | ZSQR |
|---|---|---|
| 2022 | -26.0% | -84.7% |
| 2023 | -13.2% | -48.8% |
| 2024 | +42.4% | -64.9% |
| 2025 | -19.3% | +159.1% |
| 2026 | +7.9% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and ZSQR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVO and ZSQR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.15 over the last year and -0.15 over 5 years.
Is ZSQR a good diversifier for AVO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AVO correlations · ZSQR correlations
