ACN vs FOXA: Correlation
How closely do Accenture (ACN) and Fox Corporation (Class A) (FOXA) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and FOXA?
Over the past 3 years, ACN and FOXA moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 515.7 %².
Among the 37 assets we track against ACN, FOXA ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FOXA outperformed by 39.6 percentage points (-25.6% for ACN against +14.0% for FOXA). The relationship is regime-dependent: the rolling one-year correlation swung between 0.06 and 0.65 over the past three years, so this pair behaves very differently depending on the market environment.
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 FOXA: side by side
| ACN (Accenture) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | -25.6% | +14.0% |
| 5-year return | -39.6% | +93.4% |
| Volatility (ann.) | 32.6% | 29.3% |
| Beta vs S&P 500 | 0.69 | 0.56 |
| Max drawdown (3Y) | -68.2% | -35.6% |
| Market cap | $114.7B | $28.3B |
| P/E (trailing) | 14.5 | 18.1 |
| Dividend yield | 3.59% | 0.80% |
| Sector / category | Information Technology | Communication Services |
Year-by-year returns
| Year | ACN | FOXA |
|---|---|---|
| 2022 | -34.8% | -16.6% |
| 2023 | +33.6% | -0.8% |
| 2024 | +1.9% | +66.3% |
| 2025 | -22.6% | +51.8% |
| 2026 | -28.7% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and FOXA good diversifiers for each other?
To a limited degree. At 0.54 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 ACN and FOXA?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.63 over the last year and 0.40 over 5 years.
Is FOXA a good diversifier for ACN?
To a limited degree. At 0.54 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 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACN correlations · FOXA correlations
