FFIV vs THRY: Correlation
Measured on weekly returns over the past three years, F5, Inc. (FFIV) and Thryv Holdings, Inc. (THRY) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIV and THRY?
On 3 years of weekly data the FFIV/THRY correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.43 over 3. The 5-year figure is 0.39, and annualized covariance runs at 735.3 %².
Among the 34 assets we track against FFIV, THRY ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FFIV outperformed by 114.6 percentage points (+29.1% for FFIV against -85.5% for THRY). Risk is not evenly split, since THRY carries 2.4 times the volatility of the other side.
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.
FFIV vs THRY: side by side
| FFIV (F5, Inc.) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | +29.1% | -85.5% |
| 5-year return | +99.3% | -93.9% |
| Volatility (ann.) | 26.6% | 64.7% |
| Beta vs S&P 500 | 0.77 | 1.23 |
| Max drawdown (3Y) | -34.7% | -92.1% |
| Market cap | $23.2B | $0.1B |
| P/E (trailing) | 31.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FFIV | THRY |
|---|---|---|
| 2022 | -41.4% | -53.8% |
| 2023 | +24.7% | +7.1% |
| 2024 | +40.5% | -27.3% |
| 2025 | +1.5% | -59.1% |
| 2026 | +60.7% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIV and THRY good diversifiers for each other?
Reasonably. At 0.43, FFIV and THRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIV and THRY?
As of 2026-08-27, the correlation of weekly returns between FFIV and THRY is 0.43 over 3 years, 0.47 over 1 year and 0.39 over 5 years.
Is THRY a good diversifier for FFIV?
Reasonably. At 0.43, FFIV and THRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/ffiv-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffiv-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FFIV correlations · THRY correlations
