FOX vs FOXA: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class B) (FOX) and Fox Corporation (Class A) (FOXA) carry a correlation of 0.99, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and FOXA?
On 3 years of weekly data the FOX/FOXA correlation comes out at 0.99, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.99 over 1 year against 0.99 over 3. The 5-year figure is 0.99, and annualized covariance runs at 827.2 %².
In FOX's tracked universe of 32 assets, FOXA sits right near the top at #1. Twelve-month performance is nearly a tie, at +12.2% for FOX and +14.0% for FOXA. Stability stands out here, with the rolling one-year correlation confined to 0.98 through 0.99.
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.
FOX vs FOXA: side by side
| FOX (Fox Corporation (Class B)) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | +12.2% | +14.0% |
| 5-year return | +88.7% | +93.4% |
| Volatility (ann.) | 28.5% | 29.3% |
| Beta vs S&P 500 | 0.58 | 0.56 |
| Max drawdown (3Y) | -34.1% | -35.6% |
| Market cap | $25.4B | $28.3B |
| P/E (trailing) | 16.2 | 18.1 |
| Dividend yield | 0.90% | 0.80% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | FOX | FOXA |
|---|---|---|
| 2022 | -15.8% | -16.6% |
| 2023 | -1.2% | -0.8% |
| 2024 | +68.3% | +66.3% |
| 2025 | +43.4% | +51.8% |
| 2026 | -6.5% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and FOXA good diversifiers for each other?
No: a correlation of 0.99 means FOX and FOXA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FOX and FOXA?
The FOX/FOXA correlation stands at 0.99 on a 3-year window (1 year: 0.99, 5 years: 0.99), computed from weekly returns as of 2026-08-27.
Is FOXA a good diversifier for FOX?
No: a correlation of 0.99 means FOX and FOXA tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.99 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/fox-vs-foxa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fox-vs-foxa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOX correlations · FOXA correlations
