CRVL vs NWSA: Correlation
How closely do CorVel Corp. (CRVL) and News Corp (Class A) (NWSA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and NWSA?
Over the past 3 years, CRVL and NWSA moved with a correlation of 0.53, 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 0.41, and the annualized covariance of weekly returns is 423.1 %².
By 3-year correlation, NWSA places #5 of the 16 assets tracked against CRVL. Their recent paths diverged sharply: over the last 12 months NWSA outperformed by 29.0 percentage points (-23.0% for CRVL against +6.0% for NWSA).
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.
CRVL vs NWSA: side by side
| CRVL (CorVel Corp.) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | -23.0% | +6.0% |
| 5-year return | +27.9% | +45.9% |
| Volatility (ann.) | 34.0% | 23.4% |
| Beta vs S&P 500 | 0.68 | 0.76 |
| Max drawdown (3Y) | -64.2% | -27.8% |
| Market cap | $3.5B | $16.8B |
| P/E (trailing) | 31.3 | 30.0 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CRVL | NWSA |
|---|---|---|
| 2022 | -30.1% | -17.6% |
| 2023 | +70.1% | +36.4% |
| 2024 | +35.0% | +13.0% |
| 2025 | -39.2% | -4.5% |
| 2026 | +2.6% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and NWSA good diversifiers for each other?
Only partially. A correlation of 0.53 means CRVL and NWSA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRVL and NWSA?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.63 over the last year and 0.41 over 5 years.
Is NWSA a good diversifier for CRVL?
Only partially. A correlation of 0.53 means CRVL and NWSA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/crvl-vs-nwsa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crvl-vs-nwsa/)
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Related comparisons
Hubs: CRVL correlations · NWSA correlations
