DIS vs NFLX: Correlation
Measured on weekly returns over the past three years, Walt Disney Company (The) (DIS) and Netflix (NFLX) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and NFLX?
On 3 years of weekly data the DIS/NFLX correlation comes out at 0.22, weak. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.22 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 214.6 %².
Within DIS's tracked universe of 37 assets, NFLX comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DIS outperformed by 26.5 percentage points (-8.2% for DIS against -34.7% for NFLX). The rolling one-year correlation moved between -0.02 and 0.46 over the past three years, a moderate range.
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 NFLX: side by side
| DIS (Walt Disney Company (The)) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | -8.2% | -34.7% |
| 5-year return | -38.8% | +41.0% |
| Volatility (ann.) | 27.7% | 35.2% |
| Beta vs S&P 500 | 0.96 | 0.99 |
| Max drawdown (3Y) | -32.9% | -49.5% |
| Market cap | $184.4B | $332.4B |
| P/E (trailing) | 22.6 | 25.7 |
| Dividend yield | 1.37% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | DIS | NFLX |
|---|---|---|
| 2022 | -43.9% | -51.1% |
| 2023 | +4.3% | +65.1% |
| 2024 | +24.4% | +83.1% |
| 2025 | +3.3% | +5.2% |
| 2026 | -5.4% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and NFLX good diversifiers for each other?
Reasonably. At 0.22, DIS and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIS and NFLX?
The DIS/NFLX correlation stands at 0.22 on a 3-year window (1 year: 0.05, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is NFLX a good diversifier for DIS?
Reasonably. At 0.22, DIS and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dis-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIS correlations · NFLX correlations
