FAMI vs FOXA: Correlation
Measured on weekly returns over the past three years, Farmmi, Inc. - Class A (FAMI) and Fox Corporation (Class A) (FOXA) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAMI and FOXA?
Over the past 3 years, FAMI and FOXA moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.20 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -511.2 %².
Among the 12 assets we track against FAMI, FOXA sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months FOXA outperformed by 108.1 percentage points (-94.1% for FAMI against +14.0% for FOXA). One caveat on sizing: FAMI is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FAMI vs FOXA: side by side
| FAMI (Farmmi, Inc. - Class A) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | -94.1% | +14.0% |
| 5-year return | -100.0% | +93.4% |
| Volatility (ann.) | 86.9% | 29.3% |
| Beta vs S&P 500 | 0.81 | 0.56 |
| Max drawdown (3Y) | -99.7% | -35.6% |
| Market cap | – | $28.3B |
| P/E (trailing) | – | 18.1 |
| Dividend yield | 0.00% | 0.80% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | FAMI | FOXA |
|---|---|---|
| 2022 | -92.7% | -16.6% |
| 2023 | -61.3% | -0.8% |
| 2024 | -75.8% | +66.3% |
| 2025 | -64.7% | +51.8% |
| 2026 | -91.9% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAMI and FOXA good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FAMI and FOXA?
The FAMI/FOXA correlation stands at -0.20 on a 3-year window (1 year: -0.43, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is FOXA a good diversifier for FAMI?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
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Related comparisons
Hubs: FAMI correlations · FOXA correlations
