DIS vs FWONK: Correlation
Walt Disney Company (The) (DIS) and Liberty Media Corporation - Series C Liberty Formula One (FWONK) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and FWONK?
Across a 3-year window, the weekly returns of DIS and FWONK correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 260.9 %².
Among the 37 assets we track against DIS, FWONK ranks #18 by 3-year correlation. Over the last 12 months FWONK came out ahead by 10.5 percentage points (-8.2% against +2.3%).
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.
DIS vs FWONK: side by side
| DIS (Walt Disney Company (The)) | FWONK (Liberty Media Corporation - Series C Liberty Formula One) | |
|---|---|---|
| 1-year return | -8.2% | +2.3% |
| 5-year return | -38.8% | +110.9% |
| Volatility (ann.) | 27.7% | 25.2% |
| Beta vs S&P 500 | 0.96 | 0.54 |
| Max drawdown (3Y) | -32.9% | -24.8% |
| Market cap | $184.4B | $25.6B |
| P/E (trailing) | 22.6 | 127.6 |
| Dividend yield | 1.37% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | DIS | FWONK |
|---|---|---|
| 2022 | -43.9% | -5.5% |
| 2023 | +4.3% | +9.2% |
| 2024 | +24.4% | +46.8% |
| 2025 | +3.3% | +6.3% |
| 2026 | -5.4% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and FWONK good diversifiers for each other?
Reasonably. At 0.37, DIS and FWONK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIS and FWONK?
As of 2026-08-27, the correlation of weekly returns between DIS and FWONK is 0.37 over 3 years, 0.43 over 1 year and 0.43 over 5 years.
Is FWONK a good diversifier for DIS?
Reasonably. At 0.37, DIS and FWONK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dis-vs-fwonk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dis-vs-fwonk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIS correlations · FWONK correlations
