THRY vs XPOF: Correlation
Measured on weekly returns over the past three years, Thryv Holdings, Inc. (THRY) and Xponential Fitness, Inc. (XPOF) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are THRY and XPOF?
On 3 years of weekly data the THRY/XPOF correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.43). The 5-year figure is 0.45, and annualized covariance runs at 2496.4 %².
Within THRY's tracked universe of 15 assets, XPOF comes in at #9 by 3-year correlation. The last year tells two different stories: XPOF led by 48.6 percentage points, -85.5% for THRY against -36.9% for XPOF.
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 XPOF: side by side
| THRY (Thryv Holdings, Inc.) | XPOF (Xponential Fitness, Inc.) | |
|---|---|---|
| 1-year return | -85.5% | -36.9% |
| 5-year return | -93.9% | -52.9% |
| Volatility (ann.) | 64.7% | 88.8% |
| Beta vs S&P 500 | 1.23 | 1.31 |
| Max drawdown (3Y) | -92.1% | -81.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THRY | XPOF |
|---|---|---|
| 2022 | -53.8% | +12.2% |
| 2023 | +7.1% | -43.8% |
| 2024 | -27.3% | +4.3% |
| 2025 | -59.1% | -38.8% |
| 2026 | -68.6% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THRY and XPOF good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between THRY and XPOF?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.65 over the last year and 0.45 over 5 years.
Is XPOF a good diversifier for THRY?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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-xpof.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/thry-vs-xpof/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: THRY correlations · XPOF correlations
