DIS vs MGNI: Correlation
Walt Disney Company (The) (DIS) and Magnite, Inc. (MGNI) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and MGNI?
Over the past 3 years, DIS and MGNI moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 876.7 %².
By 3-year correlation, MGNI places #7 of the 37 assets tracked against DIS. Neither side won the trailing year by much: -8.2% against -8.6%. Note the risk asymmetry: MGNI runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MGNI: side by side
| DIS (Walt Disney Company (The)) | MGNI (Magnite, Inc.) | |
|---|---|---|
| 1-year return | -8.2% | -8.6% |
| 5-year return | -38.8% | -17.8% |
| Volatility (ann.) | 27.7% | 63.6% |
| Beta vs S&P 500 | 0.96 | 1.94 |
| Max drawdown (3Y) | -32.9% | -57.8% |
| Market cap | $184.4B | $3.4B |
| P/E (trailing) | 22.6 | 21.2 |
| Dividend yield | 1.37% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | DIS | MGNI |
|---|---|---|
| 2022 | -43.9% | -39.5% |
| 2023 | +4.3% | -11.8% |
| 2024 | +24.4% | +70.4% |
| 2025 | +3.3% | +1.9% |
| 2026 | -5.4% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and MGNI good diversifiers for each other?
Only partially. A correlation of 0.50 means DIS and MGNI 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 DIS and MGNI?
As of 2026-08-27, the correlation of weekly returns between DIS and MGNI is 0.50 over 3 years, 0.56 over 1 year and 0.31 over 5 years.
Is MGNI a good diversifier for DIS?
Only partially. A correlation of 0.50 means DIS and MGNI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dis-vs-mgni.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dis-vs-mgni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIS correlations · MGNI correlations
