FOX vs GLAD: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class B) (FOX) and Gl (GLAD) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and GLAD?
Over the past 3 years, FOX and GLAD moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 295.5 %².
Within FOX's tracked universe of 32 assets, GLAD comes in at #13 by 3-year correlation. The last year tells two different stories: FOX led by 28.9 percentage points, +12.2% for FOX against -16.7% for GLAD.
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 GLAD: side by side
| FOX (Fox Corporation (Class B)) | GLAD (Gl) | |
|---|---|---|
| 1-year return | +12.2% | -16.7% |
| 5-year return | +88.7% | +32.9% |
| Volatility (ann.) | 28.5% | 22.7% |
| Beta vs S&P 500 | 0.58 | 0.75 |
| Max drawdown (3Y) | -34.1% | -39.6% |
| Market cap | $25.4B | $0.4B |
| P/E (trailing) | 16.2 | 9.3 |
| Dividend yield | 0.90% | 9.35% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | GLAD |
|---|---|---|
| 2022 | -15.8% | -10.4% |
| 2023 | -1.2% | +22.7% |
| 2024 | +68.3% | +47.0% |
| 2025 | +43.4% | -21.1% |
| 2026 | -6.5% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and GLAD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOX and GLAD?
The FOX/GLAD correlation stands at 0.46 on a 3-year window (1 year: 0.44, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is GLAD a good diversifier for FOX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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-glad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fox-vs-glad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FOX correlations · GLAD correlations
