THRY vs VXZ: Correlation
Thryv Holdings, Inc. (THRY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THRY and VXZ?
Over the past 3 years, THRY and VXZ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -461.1 %².
Among the 15 assets we track against THRY, VXZ sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with VXZ ahead by 69.4 points (-85.5% versus -16.1%). Risk is not evenly split, since THRY carries 2.5 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.
THRY vs VXZ: side by side
| THRY (Thryv Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -85.5% | -16.1% |
| 5-year return | -93.9% | -53.1% |
| Volatility (ann.) | 64.7% | 25.6% |
| Beta vs S&P 500 | 1.23 | -1.31 |
| Max drawdown (3Y) | -92.1% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THRY | VXZ |
|---|---|---|
| 2022 | -53.8% | +0.5% |
| 2023 | +7.1% | -44.0% |
| 2024 | -27.3% | -12.7% |
| 2025 | -59.1% | +5.7% |
| 2026 | -68.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THRY and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between THRY and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.21 over the last year and -0.27 over 5 years.
Is VXZ a good diversifier for THRY?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/thry-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/thry-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: THRY correlations · VXZ correlations
