QTWO vs ZVIA: Correlation
Measured on weekly returns over the past three years, Q2 Holdings, Inc. (QTWO) and Zevia PBC (ZVIA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QTWO and ZVIA?
Across a 3-year window, the weekly returns of QTWO and ZVIA correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 1339.2 %².
Out of 39 assets tracked against QTWO, ZVIA lands near the bottom at #35. Correlation aside, the last 12 months split them widely, with QTWO ahead by 31.4 points (-16.0% versus -47.4%). Risk is not evenly split, since ZVIA carries 1.9 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.
QTWO vs ZVIA: side by side
| QTWO (Q2 Holdings, Inc.) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | -16.0% | -47.4% |
| 5-year return | -24.7% | -90.1% |
| Volatility (ann.) | 41.9% | 80.3% |
| Beta vs S&P 500 | 1.41 | 1.22 |
| Max drawdown (3Y) | -62.0% | -78.2% |
| Market cap | $4.1B | $0.1B |
| P/E (trailing) | 45.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QTWO | ZVIA |
|---|---|---|
| 2022 | -66.2% | -42.0% |
| 2023 | +61.6% | -50.9% |
| 2024 | +131.9% | +108.5% |
| 2025 | -28.3% | -44.6% |
| 2026 | -9.0% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QTWO and ZVIA good diversifiers for each other?
Reasonably. At 0.40, QTWO and ZVIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QTWO and ZVIA?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.43 over the last year and 0.33 over 5 years.
Is ZVIA a good diversifier for QTWO?
Reasonably. At 0.40, QTWO and ZVIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/qtwo-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qtwo-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QTWO correlations · ZVIA correlations
