THRY vs WD: Correlation
How closely do Thryv Holdings, Inc. (THRY) and Walker & Dunlop, Inc (WD) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THRY and WD?
Over the past 3 years, THRY and WD moved with a correlation of 0.57, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.57). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1412.8 %².
In THRY's tracked universe of 15 assets, WD sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months WD outperformed by 34.5 percentage points (-85.5% for THRY against -51.0% for WD). One caveat on sizing: THRY is 1.7 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.
THRY vs WD: side by side
| THRY (Thryv Holdings, Inc.) | WD (Walker & Dunlop, Inc) | |
|---|---|---|
| 1-year return | -85.5% | -51.0% |
| 5-year return | -93.9% | -53.5% |
| Volatility (ann.) | 64.7% | 38.5% |
| Beta vs S&P 500 | 1.23 | 1.12 |
| Max drawdown (3Y) | -92.1% | -63.4% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 6.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THRY | WD |
|---|---|---|
| 2022 | -53.8% | -46.8% |
| 2023 | +7.1% | +46.0% |
| 2024 | -27.3% | -10.1% |
| 2025 | -59.1% | -35.9% |
| 2026 | -68.6% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THRY and WD good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between THRY and WD?
As of 2026-08-27, the correlation of weekly returns between THRY and WD is 0.57 over 3 years, 0.69 over 1 year and 0.54 over 5 years.
Is WD a good diversifier for THRY?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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-wd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/thry-vs-wd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: THRY correlations · WD correlations
