EVC vs ZTS: Correlation
How closely do Entravision Communications Corporation (EVC) and Zoetis (ZTS) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and ZTS?
Over the past 3 years, EVC and ZTS moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.66) runs below the 3-year figure (-0.35). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -872.9 %².
Out of 19 assets tracked against EVC, ZTS lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with EVC ahead by 282.9 points (+232.1% versus -50.8%). Risk is not evenly split, since EVC carries 2.7 times the volatility of the other side.
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.
EVC vs ZTS: side by side
| EVC (Entravision Communications Corporation) | ZTS (Zoetis) | |
|---|---|---|
| 1-year return | +232.1% | -50.8% |
| 5-year return | +53.1% | -61.5% |
| Volatility (ann.) | 82.5% | 30.1% |
| Beta vs S&P 500 | 0.94 | 0.51 |
| Max drawdown (3Y) | -67.4% | -63.0% |
| Market cap | $0.7B | $31.0B |
| P/E (trailing) | 404.5 | 12.7 |
| Dividend yield | 2.50% | 2.66% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EVC | ZTS |
|---|---|---|
| 2022 | -27.8% | -39.5% |
| 2023 | -9.2% | +35.9% |
| 2024 | -37.6% | -16.6% |
| 2025 | +35.8% | -21.8% |
| 2026 | +182.3% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and ZTS good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVC and ZTS?
The EVC/ZTS correlation stands at -0.35 on a 3-year window (1 year: -0.66, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ZTS a good diversifier for EVC?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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/evc-vs-zts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evc-vs-zts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVC correlations · ZTS correlations
