CHTR vs FOXA: Correlation
Charter Communications (CHTR) and Fox Corporation (Class A) (FOXA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and FOXA?
Across a 3-year window, the weekly returns of CHTR and FOXA correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 403.7 %².
Within CHTR's tracked universe of 35 assets, FOXA comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOXA ahead by 58.9 points (-44.9% versus +14.0%). This link changes with the market regime, having swung between 0.03 and 0.60 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.
CHTR vs FOXA: side by side
| CHTR (Charter Communications) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | -44.9% | +14.0% |
| 5-year return | -81.8% | +93.4% |
| Volatility (ann.) | 41.3% | 29.3% |
| Beta vs S&P 500 | 0.74 | 0.56 |
| Max drawdown (3Y) | -72.9% | -35.6% |
| Market cap | $20.0B | $28.3B |
| P/E (trailing) | 4.0 | 18.1 |
| Dividend yield | 0.00% | 0.80% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | CHTR | FOXA |
|---|---|---|
| 2022 | -48.0% | -16.6% |
| 2023 | +14.6% | -0.8% |
| 2024 | -11.8% | +66.3% |
| 2025 | -39.1% | +51.8% |
| 2026 | -28.9% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and FOXA good diversifiers for each other?
Reasonably. At 0.33, CHTR and FOXA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHTR and FOXA?
The CHTR/FOXA correlation stands at 0.33 on a 3-year window (1 year: 0.23, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is FOXA a good diversifier for CHTR?
Reasonably. At 0.33, CHTR and FOXA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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: CHTR correlations · FOXA correlations
