CMRC vs THRY: Correlation
How closely do Commerce.com, Inc. - Series 1 (CMRC) and Thryv Holdings, Inc. (THRY) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and THRY?
Across a 3-year window, the weekly returns of CMRC and THRY correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.45, with an annualized covariance of 1712.7 %².
Within CMRC's tracked universe of 16 assets, THRY comes in at #5 by 3-year correlation. The last year tells two different stories: CMRC led by 35.7 percentage points, -49.8% for CMRC 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.
CMRC vs THRY: side by side
| CMRC (Commerce.com, Inc. - Series 1) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -85.5% |
| 5-year return | -96.1% | -93.9% |
| Volatility (ann.) | 53.5% | 64.7% |
| Beta vs S&P 500 | 1.40 | 1.23 |
| Max drawdown (3Y) | -81.5% | -92.1% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | THRY |
|---|---|---|
| 2022 | -75.3% | -53.8% |
| 2023 | +11.3% | +7.1% |
| 2024 | -37.1% | -27.3% |
| 2025 | -32.7% | -59.1% |
| 2026 | -42.5% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and THRY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMRC and THRY?
The CMRC/THRY correlation stands at 0.49 on a 3-year window (1 year: 0.64, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is THRY a good diversifier for CMRC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmrc-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmrc-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMRC correlations · THRY correlations
