National Beverage (FIZZ)
Market Price (4/23/2026): $33.12 | Market Cap: $3.1 BilSector: Consumer Staples | Industry: Soft Drinks & Non-alcoholic Beverages
National Beverage (FIZZ)
Market Price (4/23/2026): $33.12Market Cap: $3.1 BilSector: Consumer StaplesIndustry: Soft Drinks & Non-alcoholic Beverages
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 5.3% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include Health & Wellness Trends. Themes include Functional Foods & Beverages, and Organic & Natural Products. | Weak multi-year price returns2Y Excs Rtn is -63%, 3Y Excs Rtn is -99% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.18 | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -0.9% Key risksFIZZ key risks include [1] its challenge in achieving volume growth, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 5.3% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends. Themes include Functional Foods & Beverages, and Organic & Natural Products. |
| Weak multi-year price returns2Y Excs Rtn is -63%, 3Y Excs Rtn is -99% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.18 |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -0.9% |
| Key risksFIZZ key risks include [1] its challenge in achieving volume growth, Show more. |
Qualitative Assessment
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National Beverage (FIZZ) stock has gained about 5% since 12/31/2025 because of the following key factors:
1. Improved Profitability and Robust Cash Position in Q3 Fiscal 2026.
National Beverage reported its third-quarter fiscal 2026 results (for the period ending January 31, 2026) on March 12, 2026, showcasing improved profitability and a strengthened financial position despite a slight revenue decline. The company's gross profit increased by 0.7% year-over-year to $99.6 million, operating profit rose by 1.1% to $51.1 million, and diluted earnings per share (EPS) grew by 4.8% to $0.44. Additionally, National Beverage's cash and cash equivalents significantly increased by 62.0% year-over-year, reaching $314.0 million. These results, indicating enhanced financial resilience and strong cash generation, likely contributed to investor confidence and the stock's positive trend.
2. Significant Institutional Investor Purchases.
Toward the end of 2025 and into the beginning of the specified period, several major institutional investors notably increased their holdings in National Beverage. In Q4 2025, BlackRock, Inc. added FIZZ shares estimated at $8,896,927, and Citadel Advisors LLC increased its position with an estimated $5,871,810 worth of shares. This substantial buying activity from large institutions likely signaled positive sentiment and provided upward momentum for the stock.
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1. Improved Profitability and Robust Cash Position in Q3 Fiscal 2026.
National Beverage reported its third-quarter fiscal 2026 results (for the period ending January 31, 2026) on March 12, 2026, showcasing improved profitability and a strengthened financial position despite a slight revenue decline. The company's gross profit increased by 0.7% year-over-year to $99.6 million, operating profit rose by 1.1% to $51.1 million, and diluted earnings per share (EPS) grew by 4.8% to $0.44. Additionally, National Beverage's cash and cash equivalents significantly increased by 62.0% year-over-year, reaching $314.0 million. These results, indicating enhanced financial resilience and strong cash generation, likely contributed to investor confidence and the stock's positive trend.
2. Significant Institutional Investor Purchases.
Toward the end of 2025 and into the beginning of the specified period, several major institutional investors notably increased their holdings in National Beverage. In Q4 2025, BlackRock, Inc. added FIZZ shares estimated at $8,896,927, and Citadel Advisors LLC increased its position with an estimated $5,871,810 worth of shares. This substantial buying activity from large institutions likely signaled positive sentiment and provided upward momentum for the stock.
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Stock Movement Drivers
Fundamental Drivers
The 4.0% change in FIZZ stock from 12/31/2025 to 4/22/2026 was primarily driven by a 3.1% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.89 | 33.16 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,200 | 1,197 | -0.2% |
| Net Income Margin (%) | 15.6% | 15.7% | 1.0% |
| P/E Multiple | 16.0 | 16.5 | 3.1% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | 4.0% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| FIZZ | 4.0% | |
| Market (SPY) | -5.4% | 1.7% |
| Sector (XLP) | 5.7% | 44.5% |
Fundamental Drivers
The -10.2% change in FIZZ stock from 9/30/2025 to 4/22/2026 was primarily driven by a -11.3% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.92 | 33.16 | -10.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,202 | 1,197 | -0.4% |
| Net Income Margin (%) | 15.5% | 15.7% | 1.7% |
| P/E Multiple | 18.6 | 16.5 | -11.3% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | -10.2% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -10.2% | |
| Market (SPY) | -2.9% | -4.6% |
| Sector (XLP) | 5.6% | 40.2% |
Fundamental Drivers
The -20.2% change in FIZZ stock from 3/31/2025 to 4/22/2026 was primarily driven by a -21.2% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.54 | 33.16 | -20.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,185 | 1,197 | 1.0% |
| Net Income Margin (%) | 15.7% | 15.7% | 0.2% |
| P/E Multiple | 20.9 | 16.5 | -21.2% |
| Shares Outstanding (Mil) | 94 | 94 | 0.0% |
| Cumulative Contribution | -20.2% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -20.2% | |
| Market (SPY) | 16.3% | 10.4% |
| Sector (XLP) | 2.7% | 42.1% |
Fundamental Drivers
The -32.6% change in FIZZ stock from 3/31/2023 to 4/22/2026 was primarily driven by a -49.6% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.20 | 33.16 | -32.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,170 | 1,197 | 2.3% |
| Net Income Margin (%) | 12.0% | 15.7% | 31.2% |
| P/E Multiple | 32.8 | 16.5 | -49.6% |
| Shares Outstanding (Mil) | 93 | 94 | -0.3% |
| Cumulative Contribution | -32.6% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| FIZZ | -32.6% | |
| Market (SPY) | 63.3% | 9.7% |
| Sector (XLP) | 18.6% | 36.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FIZZ Return | 13% | 3% | 7% | -8% | -25% | 3% | -12% |
| Peers Return | 20% | 12% | 12% | -12% | 25% | -4% | 60% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| FIZZ Win Rate | 50% | 50% | 42% | 42% | 33% | 50% | |
| Peers Win Rate | 58% | 50% | 53% | 45% | 58% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FIZZ Max Drawdown | -7% | -15% | -9% | -12% | -25% | -1% | |
| Peers Max Drawdown | -11% | -19% | -15% | -19% | -13% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PEP, KO, KDP, MNST, CELH. See FIZZ Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | FIZZ | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.5% | -25.4% |
| % Gain to Breakeven | 135.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -27.1% | -33.9% |
| % Gain to Breakeven | 37.1% | 51.3% |
| Time to Breakeven | 17 days | 148 days |
| 2018 Correction | ||
| % Loss | -68.4% | -19.8% |
| % Gain to Breakeven | 216.9% | 24.7% |
| Time to Breakeven | 518 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.7% | -56.8% |
| % Gain to Breakeven | 116.0% | 131.3% |
| Time to Breakeven | 786 days | 1,480 days |
Compare to PEP, KO, KDP, MNST, CELH
In The Past
National Beverage's stock fell -57.5% during the 2022 Inflation Shock from a high on 1/27/2021. A -57.5% loss requires a 135.5% gain to breakeven.
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About National Beverage (FIZZ)
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure brands; and carbonated soft drinks under the Shasta and Faygo brands. It serves retailers, as well as various smaller up-and-down-the-street accounts through the take-home, convenience, and food-service distribution channels. The company was incorporated in 1985 and is based in Fort Lauderdale, Florida.
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Here are 1-3 brief analogies to describe National Beverage (FIZZ):
- A smaller, beverage-focused PepsiCo or Coca-Cola, with brands ranging from LaCroix sparkling water to Faygo sodas.
- Like a smaller Keurig Dr Pepper, managing a portfolio of popular sparkling waters, juices, and classic sodas.
- Essentially the company behind LaCroix sparkling water, but with a broader portfolio that includes juices, energy drinks, and traditional sodas.
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- LaCroix: A popular brand offering a variety of sparkling waters, including LaCroix Cúrate and LaCroix NiCola.
- Clear Fruit: A brand of juices offered by the company.
- Rip It: An energy drink brand designed for active consumers.
- Everfresh: A brand of juices, including its Premier Varietals line.
- Mr. Pure: A brand offering various juice products.
- Shasta: A brand of carbonated soft drinks.
- Faygo: A brand producing carbonated soft drinks.
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National Beverage Corp. (FIZZ) sells its products primarily to other companies, including retailers and foodservice providers. While the company does not disclose individual customers that account for a significant portion (e.g., 10% or more) of its net sales, its products are widely distributed through major channels such as supermarkets, mass merchandisers, club stores, convenience stores, and foodservice accounts. Examples of companies operating in these channels, which would likely be among National Beverage's many customers, include:- Walmart Inc. (WMT) - Mass merchandiser, Supermarket
- The Kroger Co. (KR) - Supermarket
- Target Corporation (TGT) - Mass merchandiser
- Costco Wholesale Corporation (COST) - Club store
- Seven & i Holdings Co., Ltd. (SVNDY) / 7-Eleven - Convenience store
- Sysco Corporation (SYY) - Foodservice distributor
- US Foods Holding Corp. (USFD) - Foodservice distributor
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Nick A. Caporella - Chairman and Chief Executive Officer
Nick A. Caporella founded National Beverage Corp. in 1985 and has served as its Chairman since then, and Chief Executive Officer since 2002. Prior to founding National Beverage, he was the President and Chief Executive Officer of Burnup & Sims Inc., a telecom firm, from 1976 until March 1994. He began his career by starting a contracting business in 1957, which was later acquired by Burnup & Sims Inc. in 1972, leading to his CEO role there four years later. His services to National Beverage are provided through Corporate Management Advisors, Inc., an entity he owns, rather than direct cash compensation from FIZZ.
George R. Bracken - Executive Vice President of Finance
George R. Bracken has served as the Executive Vice President of Finance for National Beverage Corp. since July 2012, and was also identified as Director of Finance/CFO from September 2000. He is responsible for guiding the company's financial strategy, resource allocation, and fiscal management. Mr. Bracken is recognized for his strategic vision in identifying areas for cost optimization and driving operational improvements.
Joseph G. Caporella - President and Director
Joseph G. Caporella has been the President of National Beverage Corp. since September 2002. He brings over 30 years of experience in the beverage industry, encompassing operations, supply chain, and sales.
Gregory P. Cook - VP, Controller & Chief Accounting Officer
Gregory P. Cook serves as the Vice President, Controller & Chief Accounting Officer of National Beverage Corp.
Stanley M. Sheridan - Director
Stanley M. Sheridan is a Director of National Beverage Corp., serving on the Board since 2009. He previously held management positions within Faygo Beverages, Inc., a wholly-owned subsidiary of National Beverage, serving as its Chief Financial Officer from 1974 to 1987 and then as its President from 1987 to 2004. He holds an MBA in Accounting and is designated as an Audit Committee "financial expert."
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Here are the key risks to National Beverage's business:- Intense Competition and Shifting Consumer Preferences: The non-alcoholic beverage industry is highly competitive, and consumer tastes are subject to rapid changes. National Beverage must continuously innovate and adapt its product offerings to retain customer interest and prevent market share erosion. The company's significant dependence on its flagship LaCroix brand makes it particularly vulnerable to shifts in consumer trends or increased competition in the premium sparkling water segment, which could significantly impact financial performance.
- Raw Material Cost Fluctuations and Supply Chain Disruptions: National Beverage faces challenges related to fluctuations in raw material and energy costs. The company's reliance on specific ingredients and packaging materials, such as aluminum, exposes it to market volatility, which can adversely affect profit margins if not managed effectively. Furthermore, supply chain disruptions could lead to production delays and increased operational costs.
- Limited Volume Growth: National Beverage's business model prioritizes profitability and margins over aggressive volume growth. However, this approach carries the risk of gradual market share erosion, especially in an industry where larger players invest aggressively in marketing and distribution. The company has experienced muted multi-year growth and its share price has lagged behind both the wider market and beverage peers, indicating a challenge in expanding its overall market presence and volume.
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The increasing consumer demand for **functional beverages** that offer specific health benefits beyond basic hydration or refreshment, leveraging ingredients such as adaptogens, nootropics, and probiotics. While National Beverage's "health-conscious" brands like LaCroix appeal to consumers seeking natural and sugar-free options, they primarily compete on flavor and the absence of unhealthy additives. This emerging category of functional beverages represents a shift where consumers actively seek proactive, targeted health benefits from their drinks, potentially diverting market share from traditional "better-for-you" sparkling waters and juices that lack these explicit functional elements.
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National Beverage (FIZZ) operates in several significant addressable markets within the United States.
- The U.S. sparkling water market is projected to reach USD 24.87 billion by 2032.
- The U.S. juice market size was estimated at USD 24.97 billion in 2025 and is expected to grow to USD 26.78 billion by 2032.
- The U.S. energy drinks market was valued at approximately USD 24.0 billion in 2024.
- The U.S. carbonated soft drinks market had total revenues of USD 90.49 billion in 2023.
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National Beverage Corp. (FIZZ) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- New Product Innovation and Expansion of Functional Beverages: The company is focused on introducing new products and expanding existing lines, particularly within the sparkling water category and functional beverages. This includes the national rollout of the 'LaCroix+' line in Q3 2025, which features sparkling waters infused with nootropics and adaptogens, targeting health-conscious consumers. Additionally, new LaCroix flavors such as Strawberry Peach, Sunshine, and PineApple CocoNut are expanding distribution and building sales velocity. The launch of new Shasta and Faygo ZERO Sugar products also aligns with the growing consumer demand for healthier beverage options.
- International Market Expansion: National Beverage is actively expanding its geographic footprint beyond its core North American market. A cornerstone of this strategy is the targeted expansion into Australia and South Korea, initiated in late 2024, where early performance data for LaCroix and Rip It brands shows promising growth in distribution.
- Strategic Mergers and Acquisitions: The company has allocated $350 million through 2026 for mergers and acquisitions. This strategy aims to accelerate market expansion and category diversification by acquiring emerging brands, especially in segments like premium juice and ready-to-drink coffee, to gain access to new manufacturing capabilities and customer bases.
- Dynamic Pricing and Margin Management: National Beverage has demonstrated its ability to implement strategic pricing actions to offset cost increases and maintain or improve margins, even when facing softer volumes. For example, in Q3 FY2026, higher average selling prices partially offset a decline in case volumes. The company continues to monitor tariff-related costs and adjust prices as needed to balance consumer impact with company profitability. This ongoing focus on balancing volume with product pricing is expected to contribute to revenue and earnings stability.
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Capital Allocation Decisions for National Beverage (FIZZ)
Share Repurchases
- National Beverage Corp. announced the commencement of open market purchases under a previously disclosed buyback program on October 30, 2025.
- As of July 2, 2025, approximately 1.9 million shares remained available for repurchase under a program authorized to repurchase 3.2 million shares.
- During the second quarter ended November 1, 2025, the company repurchased 20,000 shares for approximately $0.7 million, after having no repurchases in the fiscal year ended May 3, 2025.
Share Issuance
- The company's share count was relatively stable, with 93,353,546 shares outstanding as of July 10, 2023, and 93,620,246 shares as of June 30, 2025.
Capital Expenditures
- National Beverage's capital expenditures from fiscal years ending May 2021 to 2025 averaged $28.578 million, with a median of $29.015 million.
- Capital expenditures peaked in May 2025 at $36.281 million and reached a five-year low of $21.979 million in April 2023.
- Capital expenditures increased in 2021, 2022, 2024, and 2025, while decreasing in 2023.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03272026 | MZTI | Marzetti | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.9% | 0.9% | 0.0% |
| 03272026 | TAP | Molson Coors Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -0.8% | -0.8% | -1.1% |
| 03202026 | KHC | Kraft Heinz | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.3% | 4.3% | -1.7% |
| 03202026 | KMB | Kimberly-Clark | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -1.8% | -1.8% | -1.9% |
| 03202026 | MKC | McCormick | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -5.2% | -5.2% | -5.2% |
| 01022026 | FIZZ | National Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.3% | 6.3% | 0.0% |
| 09302020 | FIZZ | National Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 53.1% | 64.3% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.94 |
| Mkt Cap | 55.1 |
| Rev LTM | 12,449 |
| Op Inc LTM | 3,036 |
| FCF LTM | 1,714 |
| FCF 3Y Avg | 1,496 |
| CFO LTM | 2,045 |
| CFO 3Y Avg | 1,881 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 4.7% |
| Rev Chg Q | 9.5% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 10.4% |
| Op Inc Chg 3Y Avg | 9.4% |
| Op Mgn LTM | 20.9% |
| Op Mgn 3Y Avg | 20.4% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 14.9% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 12.0% |
| FCF/Rev 3Y Avg | 13.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 55.1 |
| P/S | 3.0 |
| P/Op Inc | 16.6 |
| P/EBIT | 17.8 |
| P/E | 24.3 |
| P/CFO | 21.0 |
| Total Yield | 6.4% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 2.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.3% |
| 3M Rtn | -2.8% |
| 6M Rtn | 0.5% |
| 12M Rtn | -4.1% |
| 3Y Rtn | 1.0% |
| 1M Excs Rtn | -8.8% |
| 3M Excs Rtn | -6.6% |
| 6M Excs Rtn | -6.3% |
| 12M Excs Rtn | -39.5% |
| 3Y Excs Rtn | -68.8% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $33.16 | |
| Market Cap ($ Bil) | 3.1 | |
| First Trading Date | 09/16/1991 | |
| Distance from 52W High | -30.5% | |
| 50 Days | 200 Days | |
| DMA Price | $35.05 | $37.06 |
| DMA Trend | down | up |
| Distance from DMA | -5.4% | -10.5% |
| 3M | 1YR | |
| Volatility | 22.6% | 25.5% |
| Downside Capture | 0.03 | 0.18 |
| Upside Capture | -6.40 | -10.21 |
| Correlation (SPY) | -1.8% | 9.5% |
FIZZ Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.18 | -0.04 | 0.05 | -0.09 | 0.14 | 0.17 |
| Up Beta | -2.23 | -0.99 | -0.39 | -0.04 | 0.41 | 0.37 |
| Down Beta | -0.02 | -0.07 | 0.41 | 0.43 | -0.18 | -0.08 |
| Up Capture | -88% | 7% | 5% | -38% | -3% | 2% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 5 | 19 | 28 | 56 | 111 | 356 |
| Down Capture | 45% | 17% | -13% | -26% | 30% | 51% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 17 | 23 | 34 | 69 | 138 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | -26.6% | 25.4% | -1.26 | - |
| Sector ETF (XLP) | 3.5% | 12.4% | -0.00 | 46.2% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 11.5% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | 3.8% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -9.8% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 43.2% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 8.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | -6.5% | 30.6% | -0.18 | - |
| Sector ETF (XLP) | 6.1% | 13.2% | 0.25 | 39.2% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 27.3% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 2.8% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | -3.2% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 32.2% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 10.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIZZ | |
|---|---|---|---|---|
| FIZZ | 6.3% | 39.7% | 0.28 | - |
| Sector ETF (XLP) | 7.3% | 14.7% | 0.36 | 30.4% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 23.4% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 1.0% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 2.2% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 23.9% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 5.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/12/2025 | 0.2% | -4.5% | -1.1% |
| 9/12/2025 | -1.4% | -2.9% | -7.6% |
| 7/3/2025 | 4.0% | -1.3% | 4.8% |
| 3/7/2025 | 4.1% | -1.8% | 3.3% |
| 12/6/2024 | 4.2% | 0.8% | -5.9% |
| 9/6/2024 | -0.5% | -1.2% | -0.4% |
| 6/27/2024 | 1.0% | 3.7% | -4.1% |
| 3/8/2024 | -2.5% | -5.5% | -3.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 9 |
| # Negative | 12 | 14 | 15 |
| Median Positive | 3.3% | 3.3% | 8.0% |
| Median Negative | -1.4% | -2.9% | -3.8% |
| Max Positive | 6.1% | 11.0% | 17.9% |
| Max Negative | -3.8% | -11.0% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/12/2026 | 10-Q |
| 10/31/2025 | 12/11/2025 | 10-Q |
| 07/31/2025 | 09/11/2025 | 10-Q |
| 04/30/2025 | 07/02/2025 | 10-K |
| 01/31/2025 | 03/06/2025 | 10-Q |
| 10/31/2024 | 12/05/2024 | 10-Q |
| 07/31/2024 | 09/05/2024 | 10-Q |
| 04/30/2024 | 06/26/2024 | 10-K |
| 01/31/2024 | 03/07/2024 | 10-Q |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/07/2023 | 10-Q |
| 04/30/2023 | 06/28/2023 | 10-K |
| 01/31/2023 | 03/09/2023 | 10-Q |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| 04/30/2022 | 06/29/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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