FOA vs ZVIA: Correlation
Measured on weekly returns over the past three years, Finance of America Companies Inc. (FOA) and Zevia PBC (ZVIA) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOA and ZVIA?
Over the past 3 years, FOA and ZVIA moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.41 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 2537.6 %².
In FOA's tracked universe of 10 assets, ZVIA sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months FOA outperformed by 17.0 percentage points (-30.4% for FOA against -47.4% for ZVIA).
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.
FOA vs ZVIA: side by side
| FOA (Finance of America Companies Inc.) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | -30.4% | -47.4% |
| 5-year return | -65.5% | -90.1% |
| Volatility (ann.) | 76.9% | 80.3% |
| Beta vs S&P 500 | 0.77 | 1.22 |
| Max drawdown (3Y) | -71.7% | -78.2% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOA | ZVIA |
|---|---|---|
| 2022 | -68.0% | -42.0% |
| 2023 | -13.4% | -50.9% |
| 2024 | +155.6% | +108.5% |
| 2025 | -13.9% | -44.6% |
| 2026 | -24.2% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOA and ZVIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOA and ZVIA?
The FOA/ZVIA correlation stands at 0.41 on a 3-year window (1 year: 0.17, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is ZVIA a good diversifier for FOA?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/foa-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foa-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOA correlations · ZVIA correlations
