ADV vs THRY: Correlation
Measured on weekly returns over the past three years, Advantage Solutions Inc. (ADV) and Thryv Holdings, Inc. (THRY) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADV and THRY?
Across a 3-year window, the weekly returns of ADV and THRY correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 2583.1 %².
In ADV's tracked universe of 11 assets, THRY sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months ADV outperformed by 58.2 percentage points (-27.3% for ADV against -85.5% for THRY).
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.
ADV vs THRY: side by side
| ADV (Advantage Solutions Inc.) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | -27.3% | -85.5% |
| 5-year return | -84.9% | -93.9% |
| Volatility (ann.) | 82.5% | 64.7% |
| Beta vs S&P 500 | 1.06 | 1.23 |
| Max drawdown (3Y) | -89.3% | -92.1% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADV | THRY |
|---|---|---|
| 2022 | -74.1% | -53.8% |
| 2023 | +74.0% | +7.1% |
| 2024 | -19.3% | -27.3% |
| 2025 | -69.9% | -59.1% |
| 2026 | +52.0% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADV and THRY good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADV and THRY?
As of 2026-08-27, the correlation of weekly returns between ADV and THRY is 0.48 over 3 years, 0.54 over 1 year and 0.44 over 5 years.
Is THRY a good diversifier for ADV?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adv-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adv-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADV correlations · THRY correlations
