FOX vs GDYN: Correlation
Fox Corporation (Class B) (FOX) and Grid Dynamics Holdings, Inc. (GDYN) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and GDYN?
On 3 years of weekly data the FOX/GDYN correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 657.3 %².
Among the 32 assets we track against FOX, GDYN ranks #8 by 3-year correlation. On 12-month performance FOX holds a 14.4-point edge, +12.2% against -2.2%. Risk is not evenly split, since GDYN carries 1.7 times the volatility of the other side.
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 GDYN: side by side
| FOX (Fox Corporation (Class B)) | GDYN (Grid Dynamics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +12.2% | -2.2% |
| 5-year return | +88.7% | -70.4% |
| Volatility (ann.) | 28.5% | 48.4% |
| Beta vs S&P 500 | 0.58 | 1.54 |
| Max drawdown (3Y) | -34.1% | -78.3% |
| Market cap | $25.4B | $0.6B |
| P/E (trailing) | 16.2 | 263.0 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | GDYN |
|---|---|---|
| 2022 | -15.8% | -70.5% |
| 2023 | -1.2% | +18.8% |
| 2024 | +68.3% | +66.8% |
| 2025 | +43.4% | -59.4% |
| 2026 | -6.5% | -12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and GDYN good diversifiers for each other?
Reasonably. At 0.48, FOX and GDYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOX and GDYN?
The FOX/GDYN correlation stands at 0.48 on a 3-year window (1 year: 0.55, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is GDYN a good diversifier for FOX?
Reasonably. At 0.48, FOX and GDYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/fox-vs-gdyn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fox-vs-gdyn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FOX correlations · GDYN correlations
