CTSH vs FOX: Correlation
Cognizant (CTSH) and Fox Corporation (Class B) (FOX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and FOX?
Across a 3-year window, the weekly returns of CTSH and FOX correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 485.2 %².
Within CTSH's tracked universe of 44 assets, FOX comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOX ahead by 22.0 points (-9.8% versus +12.2%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.11 and 0.68 over the past three years, so this pair behaves very differently depending on the market environment.
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.
CTSH vs FOX: side by side
| CTSH (Cognizant) | FOX (Fox Corporation (Class B)) | |
|---|---|---|
| 1-year return | -9.8% | +12.2% |
| 5-year return | -9.6% | +88.7% |
| Volatility (ann.) | 32.3% | 28.5% |
| Beta vs S&P 500 | 0.89 | 0.58 |
| Max drawdown (3Y) | -56.1% | -34.1% |
| Market cap | $28.7B | $25.4B |
| P/E (trailing) | 13.3 | 16.2 |
| Dividend yield | 2.09% | 0.90% |
| Sector / category | Information Technology | Communication Services |
Year-by-year returns
| Year | CTSH | FOX |
|---|---|---|
| 2022 | -34.5% | -15.8% |
| 2023 | +34.4% | -1.2% |
| 2024 | +3.5% | +68.3% |
| 2025 | +9.7% | +43.4% |
| 2026 | -21.8% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and FOX good diversifiers for each other?
Only partially. A correlation of 0.53 means CTSH and FOX 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 CTSH and FOX?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.58 over the last year and 0.47 over 5 years.
Is FOX a good diversifier for CTSH?
Only partially. A correlation of 0.53 means CTSH and FOX 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?
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: CTSH correlations · FOX correlations
