QQQ vs THRY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Thryv Holdings, Inc. (THRY) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and THRY?
Over the past 3 years, QQQ and THRY moved with a correlation of 0.24, which is weak. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.24). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 303.8 %².
By 3-year correlation, THRY places #2327 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 111.8 percentage points, +26.3% for QQQ against -85.5% for THRY. One caveat on sizing: THRY is 3.3 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.
QQQ vs THRY: side by side
| QQQ (Invesco QQQ Trust) | THRY (Thryv Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -85.5% |
| 5-year return | +95.4% | -93.9% |
| Volatility (ann.) | 19.6% | 64.7% |
| Beta vs S&P 500 | 1.28 | 1.23 |
| Max drawdown (3Y) | -22.8% | -92.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | THRY |
|---|---|---|
| 2022 | -32.6% | -53.8% |
| 2023 | +54.9% | +7.1% |
| 2024 | +25.6% | -27.3% |
| 2025 | +20.8% | -59.1% |
| 2026 | +17.7% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and THRY good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and THRY?
As of 2026-08-27, the correlation of weekly returns between QQQ and THRY is 0.24 over 3 years, 0.07 over 1 year and 0.31 over 5 years.
Is THRY a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 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/qqq-vs-thry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-thry/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · THRY correlations
