ACN vs FOX: Correlation
Measured on weekly returns over the past three years, Accenture (ACN) and Fox Corporation (Class B) (FOX) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and FOX?
Across a 3-year window, the weekly returns of ACN and FOX correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 511.7 %².
Among the 37 assets we track against ACN, FOX ranks #16 by 3-year correlation. The last year tells two different stories: FOX led by 37.8 percentage points, -25.6% for ACN against +12.2% for FOX. This link changes with the market regime, having swung between 0.13 and 0.67 on a rolling one-year basis.
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.
ACN vs FOX: side by side
| ACN (Accenture) | FOX (Fox Corporation (Class B)) | |
|---|---|---|
| 1-year return | -25.6% | +12.2% |
| 5-year return | -39.6% | +88.7% |
| Volatility (ann.) | 32.6% | 28.5% |
| Beta vs S&P 500 | 0.69 | 0.58 |
| Max drawdown (3Y) | -68.2% | -34.1% |
| Market cap | $114.7B | $25.4B |
| P/E (trailing) | 14.5 | 16.2 |
| Dividend yield | 3.59% | 0.90% |
| Sector / category | Information Technology | Communication Services |
Year-by-year returns
| Year | ACN | FOX |
|---|---|---|
| 2022 | -34.8% | -15.8% |
| 2023 | +33.6% | -1.2% |
| 2024 | +1.9% | +68.3% |
| 2025 | -22.6% | +43.4% |
| 2026 | -28.7% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and FOX good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACN and FOX?
The ACN/FOX correlation stands at 0.55 on a 3-year window (1 year: 0.65, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is FOX a good diversifier for ACN?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
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Related comparisons
Hubs: ACN correlations · FOX correlations
