CTSH vs FOXA: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and Fox Corporation (Class A) (FOXA) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and FOXA?
Across a 3-year window, the weekly returns of CTSH and FOXA correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 494.9 %².
By 3-year correlation, FOXA places #22 of the 44 assets tracked against CTSH. Correlation aside, the last 12 months split them widely, with FOXA ahead by 23.8 points (-9.8% versus +14.0%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.12 and 0.67 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 FOXA: side by side
| CTSH (Cognizant) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | -9.8% | +14.0% |
| 5-year return | -9.6% | +93.4% |
| Volatility (ann.) | 32.3% | 29.3% |
| Beta vs S&P 500 | 0.89 | 0.56 |
| Max drawdown (3Y) | -56.1% | -35.6% |
| Market cap | $28.7B | $28.3B |
| P/E (trailing) | 13.3 | 18.1 |
| Dividend yield | 2.09% | 0.80% |
| Sector / category | Information Technology | Communication Services |
Year-by-year returns
| Year | CTSH | FOXA |
|---|---|---|
| 2022 | -34.5% | -16.6% |
| 2023 | +34.4% | -0.8% |
| 2024 | +3.5% | +66.3% |
| 2025 | +9.7% | +51.8% |
| 2026 | -21.8% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and FOXA good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTSH and FOXA?
The CTSH/FOXA correlation stands at 0.52 on a 3-year window (1 year: 0.57, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is FOXA a good diversifier for CTSH?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: CTSH correlations · FOXA correlations
