PDLB vs ZVIA: Correlation
How closely do Ponce Financial Group, Inc. (PDLB) and Zevia PBC (ZVIA) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDLB and ZVIA?
Over the past 3 years, PDLB and ZVIA moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 765.4 %².
Among the 13 assets we track against PDLB, ZVIA ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PDLB ahead by 83.8 points (+36.4% versus -47.4%). Note the risk asymmetry: ZVIA runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PDLB vs ZVIA: side by side
| PDLB (Ponce Financial Group, Inc.) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | +36.4% | -47.4% |
| 5-year return | +106.7% | -90.1% |
| Volatility (ann.) | 25.5% | 80.3% |
| Beta vs S&P 500 | 0.76 | 1.22 |
| Max drawdown (3Y) | -21.5% | -78.2% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDLB | ZVIA |
|---|---|---|
| 2022 | -10.3% | -42.0% |
| 2023 | +4.7% | -50.9% |
| 2024 | +33.2% | +108.5% |
| 2025 | +25.8% | -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 PDLB and ZVIA good diversifiers for each other?
Reasonably. At 0.37, PDLB and ZVIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PDLB and ZVIA?
As of 2026-08-27, the correlation of weekly returns between PDLB and ZVIA is 0.37 over 3 years, 0.46 over 1 year and 0.31 over 5 years.
Is ZVIA a good diversifier for PDLB?
Reasonably. At 0.37, PDLB and ZVIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/pdlb-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdlb-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PDLB correlations · ZVIA correlations
