BNT vs NWSA: Correlation
Measured on weekly returns over the past three years, Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and News Corp (Class A) (NWSA) 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 BNT and NWSA?
On 3 years of weekly data the BNT/NWSA correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.49 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 324.1 %².
By 3-year correlation, NWSA places #18 of the 28 assets tracked against BNT. On 12-month performance NWSA holds a 10.5-point edge, -4.5% against +6.0%.
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.
BNT vs NWSA: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | -4.5% | +6.0% |
| 5-year return | +3.6% | +45.9% |
| Volatility (ann.) | 28.1% | 23.4% |
| Beta vs S&P 500 | 1.44 | 0.76 |
| Max drawdown (3Y) | -27.6% | -27.8% |
| Market cap | $11.4B | $16.8B |
| P/E (trailing) | 50.0 | 30.0 |
| Dividend yield | 0.62% | 0.65% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BNT | NWSA |
|---|---|---|
| 2022 | -49.5% | -17.6% |
| 2023 | +30.1% | +36.4% |
| 2024 | +43.3% | +13.0% |
| 2025 | +20.6% | -4.5% |
| 2026 | -9.4% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and NWSA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNT and NWSA?
The BNT/NWSA correlation stands at 0.49 on a 3-year window (1 year: 0.29, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is NWSA a good diversifier for BNT?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/bnt-vs-nwsa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bnt-vs-nwsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNT correlations · NWSA correlations
