SCSC vs ZVIA: Correlation
How closely do ScanSource, Inc. (SCSC) and Zevia PBC (ZVIA) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCSC and ZVIA?
Across a 3-year window, the weekly returns of SCSC and ZVIA correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 1020.7 %².
Out of 20 assets tracked against SCSC, ZVIA lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months SCSC outperformed by 77.4 percentage points (+30.0% for SCSC against -47.4% for ZVIA). Note the risk asymmetry: ZVIA runs 2.3 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.
SCSC vs ZVIA: side by side
| SCSC (ScanSource, Inc.) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | +30.0% | -47.4% |
| 5-year return | +60.7% | -90.1% |
| Volatility (ann.) | 35.5% | 80.3% |
| Beta vs S&P 500 | 1.21 | 1.22 |
| Max drawdown (3Y) | -44.2% | -78.2% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCSC | ZVIA |
|---|---|---|
| 2022 | -16.7% | -42.0% |
| 2023 | +35.6% | -50.9% |
| 2024 | +19.8% | +108.5% |
| 2025 | -17.7% | -44.6% |
| 2026 | +48.7% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCSC and ZVIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SCSC and ZVIA?
The SCSC/ZVIA correlation stands at 0.36 on a 3-year window (1 year: 0.37, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is ZVIA a good diversifier for SCSC?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/scsc-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scsc-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SCSC correlations · ZVIA correlations
