PODD vs ZVIA: Correlation
Measured on weekly returns over the past three years, Insulet Corporation (PODD) and Zevia PBC (ZVIA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and ZVIA?
On 3 years of weekly data the PODD/ZVIA correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.37 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 1161.5 %².
Within PODD's tracked universe of 31 assets, ZVIA comes in at #18 by 3-year correlation. Over the last 12 months ZVIA came out ahead by 9.7 percentage points (-57.1% against -47.4%). Note the risk asymmetry: ZVIA runs 2.1 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.
PODD vs ZVIA: side by side
| PODD (Insulet Corporation) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | -57.1% | -47.4% |
| 5-year return | -51.6% | -90.1% |
| Volatility (ann.) | 38.9% | 80.3% |
| Beta vs S&P 500 | 0.67 | 1.22 |
| Max drawdown (3Y) | -62.2% | -78.2% |
| Market cap | $9.9B | $0.1B |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | ZVIA |
|---|---|---|
| 2022 | +10.6% | -42.0% |
| 2023 | -26.3% | -50.9% |
| 2024 | +20.3% | +108.5% |
| 2025 | +8.9% | -44.6% |
| 2026 | -49.5% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and ZVIA good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PODD and ZVIA?
As of 2026-08-27, the correlation of weekly returns between PODD and ZVIA is 0.37 over 3 years, 0.13 over 1 year and 0.31 over 5 years.
Is ZVIA a good diversifier for PODD?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/podd-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/podd-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PODD correlations · ZVIA correlations
