DIS vs NWSA: Correlation
Walt Disney Company (The) (DIS) and News Corp (Class A) (NWSA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and NWSA?
On 3 years of weekly data the DIS/NWSA correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 221.1 %².
Among the 37 assets we track against DIS, NWSA ranks #22 by 3-year correlation. On 12-month performance NWSA holds a 14.2-point edge, -8.2% against +6.0%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.02 and 0.56 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.
DIS vs NWSA: side by side
| DIS (Walt Disney Company (The)) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | -8.2% | +6.0% |
| 5-year return | -38.8% | +45.9% |
| Volatility (ann.) | 27.7% | 23.4% |
| Beta vs S&P 500 | 0.96 | 0.76 |
| Max drawdown (3Y) | -32.9% | -27.8% |
| Market cap | $184.4B | $16.8B |
| P/E (trailing) | 22.6 | 30.0 |
| Dividend yield | 1.37% | 0.65% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | DIS | NWSA |
|---|---|---|
| 2022 | -43.9% | -17.6% |
| 2023 | +4.3% | +36.4% |
| 2024 | +24.4% | +13.0% |
| 2025 | +3.3% | -4.5% |
| 2026 | -5.4% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and NWSA 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 NWSA?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.37 over the last year and 0.45 over 5 years.
Is NWSA 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?
On the −1 to +1 scale, 0.34 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
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Related comparisons
Hubs: DIS correlations · NWSA correlations
