BCS vs FWONK: Correlation
Measured on weekly returns over the past three years, Barclays PLC (BCS) and Liberty Media Corporation - Series C Liberty Formula One (FWONK) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCS and FWONK?
On 3 years of weekly data the BCS/FWONK correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 292.9 %².
FWONK is close to the least connected end of BCS's tracked universe, ranking #12 of 15. Their recent paths diverged sharply: over the last 12 months BCS outperformed by 34.3 percentage points (+36.6% for BCS against +2.3% for FWONK).
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.
BCS vs FWONK: side by side
| BCS (Barclays PLC) | FWONK (Liberty Media Corporation - Series C Liberty Formula One) | |
|---|---|---|
| 1-year return | +36.6% | +2.3% |
| 5-year return | +214.7% | +110.9% |
| Volatility (ann.) | 30.9% | 25.2% |
| Beta vs S&P 500 | 1.27 | 0.54 |
| Max drawdown (3Y) | -26.2% | -24.8% |
| Market cap | $90.3B | $25.6B |
| P/E (trailing) | 10.3 | 127.6 |
| Dividend yield | 0.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCS | FWONK |
|---|---|---|
| 2022 | -21.9% | -5.5% |
| 2023 | +6.0% | +9.2% |
| 2024 | +76.3% | +46.8% |
| 2025 | +96.5% | +6.3% |
| 2026 | +8.0% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCS and FWONK good diversifiers for each other?
Reasonably. At 0.38, BCS and FWONK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCS and FWONK?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.46 over the last year and 0.36 over 5 years.
Is FWONK a good diversifier for BCS?
Reasonably. At 0.38, BCS and FWONK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
$ curl https://www.pairbook.io/api/v1/pairs/bcs-vs-fwonk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcs-vs-fwonk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCS correlations · FWONK correlations
