ARKK vs NWS: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and News Corp (Class B) (NWS) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and NWS?
Over the past 3 years, ARKK and NWS moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 471.2 %².
Among the 122 assets we track against ARKK, NWS ranks #72 by 3-year correlation. Over the last 12 months ARKK came out ahead by 11.4 percentage points (+15.7% against +4.3%). On a rolling one-year basis the correlation drifted between 0.31 and 0.67, a moderate band. Note the risk asymmetry: ARKK runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARKK vs NWS: side by side
| ARKK (ARK Innovation ETF) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | +15.7% | +4.3% |
| 5-year return | -27.7% | +67.8% |
| Volatility (ann.) | 38.8% | 24.5% |
| Beta vs S&P 500 | 2.07 | 0.77 |
| Max drawdown (3Y) | -39.6% | -26.8% |
| Market cap | – | $19.0B |
| P/E (trailing) | – | 34.3 |
| Dividend yield | – | 0.57% |
| Sector / category | ETF · Thematic | Communication Services |
Year-by-year returns
| Year | ARKK | NWS |
|---|---|---|
| 2022 | -67.0% | -17.2% |
| 2023 | +69.0% | +41.0% |
| 2024 | +8.4% | +19.2% |
| 2025 | +35.5% | -2.0% |
| 2026 | +13.6% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and NWS good diversifiers for each other?
Reasonably. At 0.49, ARKK and NWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and NWS?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.32 over the last year and 0.48 over 5 years.
Is NWS a good diversifier for ARKK?
Reasonably. At 0.49, ARKK and NWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
Use this data
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Related comparisons
Hubs: ARKK correlations · NWS correlations
