PFX vs THRY: Correlation
How closely do PhenixFIN Corporation (PFX) and Thryv Holdings, Inc. (THRY) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFX and THRY?
On 3 years of weekly data the PFX/THRY correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.26). The 5-year figure is -0.17, and annualized covariance runs at -390.1 %².
Among the 18 assets we track against PFX, THRY sits near the bottom by co-movement, at rank #15. The last year tells two different stories: PFX led by 93.4 percentage points, +7.9% for PFX against -85.5% for THRY. One caveat on sizing: THRY is 2.8 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.
PFX vs THRY: side by side
| PFX (PhenixFIN Corporation) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | -85.5% |
| 5-year return | +36.0% | -93.9% |
| Volatility (ann.) | 22.8% | 64.7% |
| Beta vs S&P 500 | 0.08 | 1.23 |
| Max drawdown (3Y) | -29.6% | -92.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFX | THRY |
|---|---|---|
| 2022 | -25.5% | -53.8% |
| 2023 | +36.1% | +7.1% |
| 2024 | +23.3% | -27.3% |
| 2025 | -10.1% | -59.1% |
| 2026 | +19.6% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFX and THRY good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PFX and THRY?
The PFX/THRY correlation stands at -0.26 on a 3-year window (1 year: -0.41, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is THRY a good diversifier for PFX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/pfx-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfx-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFX correlations · THRY correlations
