BBSI vs THRY: Correlation
Measured on weekly returns over the past three years, Barrett Business Services, Inc. (BBSI) and Thryv Holdings, Inc. (THRY) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBSI and THRY?
On 3 years of weekly data the BBSI/THRY correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 1001.6 %².
By 3-year correlation, THRY places #6 of the 16 assets tracked against BBSI. Correlation aside, the last 12 months split them widely, with BBSI ahead by 56.7 points (-28.8% versus -85.5%). One caveat on sizing: THRY is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBSI vs THRY: side by side
| BBSI (Barrett Business Services, Inc.) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | -28.8% | -85.5% |
| 5-year return | +89.3% | -93.9% |
| Volatility (ann.) | 30.3% | 64.7% |
| Beta vs S&P 500 | 0.64 | 1.23 |
| Max drawdown (3Y) | -45.3% | -92.1% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 25.3 | – |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBSI | THRY |
|---|---|---|
| 2022 | +37.1% | -53.8% |
| 2023 | +25.8% | +7.1% |
| 2024 | +51.4% | -27.3% |
| 2025 | -16.0% | -59.1% |
| 2026 | -4.9% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBSI and THRY good diversifiers for each other?
Only partially. A correlation of 0.51 means BBSI and THRY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BBSI and THRY?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.58 over the last year and 0.41 over 5 years.
Is THRY a good diversifier for BBSI?
Only partially. A correlation of 0.51 means BBSI and THRY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/bbsi-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbsi-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBSI correlations · THRY correlations
