ZVIA vs. CELH
ZVIA (Zevia PBC) and CELH (Celsius Holdings, Inc.) are both stocks. Both operate in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. Over the past 3 years, ZVIA returned -29.23%/yr vs -16.68%/yr for CELH. At a 0.21 correlation, their price movements are largely independent.
Performance
ZVIA vs. CELH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZVIA having a -39.66% return and CELH slightly higher at -39.33%.
ZVIA
- 1D
- 2.19%
- 1M
- 12.00%
- YTD
- -39.66%
- 6M
- -46.97%
- 1Y
- -45.53%
- 3Y*
- -29.23%
- 5Y*
- —
- 10Y*
- —
CELH
- 1D
- -7.53%
- 1M
- -17.21%
- YTD
- -39.33%
- 6M
- -34.95%
- 1Y
- -30.78%
- 3Y*
- -16.68%
- 5Y*
- 1.28%
- 10Y*
- 42.16%
ZVIA vs. CELH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZVIA Zevia PBC | -39.66% | -44.63% | 108.46% | -50.86% | -41.99% | -48.35% |
CELH Celsius Holdings, Inc. | -39.33% | 73.65% | -51.69% | 57.21% | 39.52% | 13.24% |
Correlation
The correlation between ZVIA and CELH is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021 | 0.21 |
The correlation between ZVIA and CELH shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ZVIA:
$95.49M
CELH:
$7.21B
ZVIA:
-$0.10
CELH:
$0.61
ZVIA:
0.55
CELH:
2.27
ZVIA:
2.13
CELH:
18.09
ZVIA:
$169.33M
CELH:
$2.97B
ZVIA:
$79.81M
CELH:
$1.47B
ZVIA:
-$6.58M
CELH:
$274.27M
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Return for Risk
ZVIA vs. CELH — Risk / Return Rank
ZVIA
CELH
ZVIA vs. CELH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zevia PBC (ZVIA) and Celsius Holdings, Inc. (CELH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ZVIA | CELH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.94 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.54 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.07 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZVIA | CELH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | -0.55 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.64 | -1.07 |
Drawdowns
ZVIA vs. CELH - Drawdown Comparison
The maximum ZVIA drawdown since its inception was -96.36%, which is greater than CELH's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for ZVIA and CELH.
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Drawdown Indicators
| ZVIA | CELH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.36% | -77.86% | -18.50% |
Max Drawdown (1Y)Largest decline over 1 year | -68.96% | -57.22% | -11.74% |
Max Drawdown (3Y)Largest decline over 3 years | -86.91% | -77.86% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.86% | — |
Current DrawdownCurrent decline from peak | -91.72% | -71.13% | -20.59% |
Average DrawdownAverage peak-to-trough decline | -78.24% | -27.83% | -50.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.57% | 28.90% | +14.67% |
Volatility
ZVIA vs. CELH - Volatility Comparison
Zevia PBC (ZVIA) has a higher volatility of 34.42% compared to Celsius Holdings, Inc. (CELH) at 19.57%. This indicates that ZVIA's price experiences larger fluctuations and is considered to be riskier than CELH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZVIA | CELH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.42% | 19.57% | +14.85% |
Volatility (6M)Calculated over the trailing 6-month period | 52.03% | 37.65% | +14.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.89% | 56.53% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.86% | 65.90% | +22.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.86% | 68.94% | +19.92% |
Dividends
ZVIA vs. CELH - Dividend Comparison
Neither ZVIA nor CELH has paid dividends to shareholders.
Financials
ZVIA vs. CELH - Financials Comparison
This section allows you to compare key financial metrics between Zevia PBC and Celsius Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ZVIA vs. CELH - Profitability Comparison
ZVIA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zevia PBC reported a gross profit of 22.29M and revenue of 46.09M. Therefore, the gross margin over that period was 48.4%.
CELH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported a gross profit of 378.07M and revenue of 782.62M. Therefore, the gross margin over that period was 48.3%.
ZVIA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zevia PBC reported an operating income of -2.37M and revenue of 46.09M, resulting in an operating margin of -5.2%.
CELH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported an operating income of 138.99M and revenue of 782.62M, resulting in an operating margin of 17.8%.
ZVIA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zevia PBC reported a net income of -2.27M and revenue of 46.09M, resulting in a net margin of -4.9%.
CELH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celsius Holdings, Inc. reported a net income of 85.08M and revenue of 782.62M, resulting in a net margin of 10.9%.
Frequently Asked Questions
ZVIA and CELH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZVIA has higher volatility (34.42%) compared to CELH (19.57%). In terms of maximum drawdown, ZVIA dropped -96.36% vs CELH's -77.86%.
CELH currently has the higher Sharpe Ratio (-0.55 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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