ZVIA vs SPY

Comparison between Zevia PBC - Class A (ZVIA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed ZVIA, delivering a return of +14.0% compared to -37.7%

ZVIA vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZVIA(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$117M	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	96.36%	56.47%
Sharpe Ratio	-0.72	1.89
5Y Beta	1.18	1.00
Industry	Beverages - Non-alcoholic	N/A
P/E Ratio	-10.36	28.99
Forward P/E	N/A	22.40
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.05%
Debt to Equity	0.00%	32.40%
Free Cash Flow Yield	-0.61%	N/A
P/S Ratio	0.67	3.74
P/B Ratio	2.54	5.61

Market Cap / Net Assets

ZVIA

$117M

Winner

SPY

$735B

Expense Ratio

ZVIA

N/A

SPY

0.09%

Max Drawdown

ZVIA

96.36%

Winner

SPY

56.47%

Sharpe Ratio

ZVIA

-0.72

Winner

SPY

1.89

5Y Beta

ZVIA

1.18

Winner

SPY

1.00

Industry

ZVIA

Beverages - Non-alcoholic

SPY

N/A

P/E Ratio

Winner

ZVIA

-10.36

SPY

28.99

Forward P/E

ZVIA

N/A

SPY

22.40

5Y Dividends CAGR

ZVIA

N/A

SPY

5.43%

5Y EPS CAGR

ZVIA

N/A

SPY

26.05%

Debt to Equity

Winner

ZVIA

0.00%

SPY

32.40%

Free Cash Flow Yield

ZVIA

-0.61%

SPY

N/A

P/S Ratio

Winner

ZVIA

0.67

SPY

3.74

P/B Ratio

Winner

ZVIA

2.54

SPY

5.61

ZVIA vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ZVIA	SPY
1 month	+3.79%	+5.05%
3 months	-4.20%	+11.17%
6 months	-48.69%	+10.92%
1 year	-48.50%	+27.98%
5 years(CAGR)	-37.66%	+14.04%
10 years(CAGR)	N/A	+15.50%
Max(CAGR)	-37.66%	+8.56%

ZVIA

+3.79%

Winner

SPY

+5.05%

ZVIA

-4.20%

Winner

SPY

+11.17%

ZVIA

-48.69%

Winner

SPY

+10.92%

ZVIA

-48.50%

Winner

SPY

+27.98%

5Y(CAGR)

ZVIA

-37.66%

Winner

SPY

+14.04%

10Y(CAGR)

ZVIA

N/A

SPY

+15.50%

Max(CAGR)

ZVIA

-37.66%

Winner

SPY

+8.56%

ZVIA vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ZVIA	SPY
2026	-31.84%	+10.71%
2025	-49.46%	+18.00%
2024	+111.62%	+25.59%
2023	-51.57%	+26.72%
2022	-45.32%	-18.64%
2021	-48.35%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

ZVIA vs SPY Drawdown Comparison

The maximum drawdown for ZVIA was -96.36%, occurring on Jul 8, 2024. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current ZVIA drawdown is -91.90%. The current SPY drawdown is -0.70%.

Rank	ZVIA	SPY
#1	-96.36% Sep 3, 2021 - Jul 8, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-21.97% Aug 11, 2021 - Aug 26, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-13.84% Aug 27, 2021 - Sep 3, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.52% Jul 23, 2021 - Aug 3, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.43% Aug 4, 2021 - Aug 6, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.21% Aug 6, 2021 - Aug 11, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ZVIA and SPY is -0.43 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.43

-101