ORKA vs ZVIA: Correlation
How closely do Oruka Therapeutics, Inc. (ORKA) and Zevia PBC (ZVIA) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORKA and ZVIA?
Across a 3-year window, the weekly returns of ORKA and ZVIA correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.19 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -1218.3 %².
ZVIA is close to the least connected end of ORKA's tracked universe, ranking #9 of 11. The last year tells two different stories: ORKA led by 583.4 percentage points, +536.0% for ORKA 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.
ORKA vs ZVIA: side by side
| ORKA (Oruka Therapeutics, Inc.) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | +536.0% | -47.4% |
| 5-year return | +390.4% | -90.1% |
| Volatility (ann.) | 80.7% | 80.3% |
| Beta vs S&P 500 | 0.66 | 1.22 |
| Max drawdown (3Y) | -77.8% | -78.2% |
| Market cap | $6.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORKA | ZVIA |
|---|---|---|
| 2022 | +10.2% | -42.0% |
| 2023 | -28.3% | -50.9% |
| 2024 | +76.7% | +108.5% |
| 2025 | +56.3% | -44.6% |
| 2026 | +218.5% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORKA and ZVIA good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORKA and ZVIA?
The ORKA/ZVIA correlation stands at -0.19 on a 3-year window (1 year: -0.08, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ZVIA a good diversifier for ORKA?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orka-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orka-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORKA correlations · ZVIA correlations
