DIS vs NWS: Correlation
How closely do Walt Disney Company (The) (DIS) and News Corp (Class B) (NWS) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and NWS?
Across a 3-year window, the weekly returns of DIS and NWS correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 228.7 %².
Within DIS's tracked universe of 37 assets, NWS comes in at #21 by 3-year correlation. Over the last 12 months NWS came out ahead by 12.5 percentage points (-8.2% against +4.3%). Across three years, the rolling one-year figure varied moderately, from 0.10 to 0.55.
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 NWS: side by side
| DIS (Walt Disney Company (The)) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | -8.2% | +4.3% |
| 5-year return | -38.8% | +67.8% |
| Volatility (ann.) | 27.7% | 24.5% |
| Beta vs S&P 500 | 0.96 | 0.77 |
| Max drawdown (3Y) | -32.9% | -26.8% |
| Market cap | $184.4B | $19.0B |
| P/E (trailing) | 22.6 | 34.3 |
| Dividend yield | 1.37% | 0.57% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | DIS | NWS |
|---|---|---|
| 2022 | -43.9% | -17.2% |
| 2023 | +4.3% | +41.0% |
| 2024 | +24.4% | +19.2% |
| 2025 | +3.3% | -2.0% |
| 2026 | -5.4% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and NWS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIS and NWS?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.37 over the last year and 0.43 over 5 years.
Is NWS a good diversifier for DIS?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dis-vs-nws.json
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Related comparisons
Hubs: DIS correlations · NWS correlations
