FISV vs THRY: Correlation
How closely do Fiserv (FISV) and Thryv Holdings, Inc. (THRY) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and THRY?
Across a 3-year window, the weekly returns of FISV and THRY correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1103.8 %².
Within FISV's tracked universe of 39 assets, THRY comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FISV ahead by 23.6 points (-61.9% versus -85.5%). Risk is not evenly split, since THRY carries 1.7 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.
FISV vs THRY: side by side
| FISV (Fiserv) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | -61.9% | -85.5% |
| 5-year return | -55.0% | -93.9% |
| Volatility (ann.) | 39.2% | 64.7% |
| Beta vs S&P 500 | 0.58 | 1.23 |
| Max drawdown (3Y) | -80.2% | -92.1% |
| Market cap | $28.0B | $0.1B |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FISV | THRY |
|---|---|---|
| 2022 | -2.6% | -53.8% |
| 2023 | +31.4% | +7.1% |
| 2024 | +54.6% | -27.3% |
| 2025 | -67.3% | -59.1% |
| 2026 | -21.7% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and THRY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FISV and THRY?
The FISV/THRY correlation stands at 0.44 on a 3-year window (1 year: 0.52, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is THRY a good diversifier for FISV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/fisv-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fisv-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FISV correlations · THRY correlations
