FOX vs HTGC: Correlation
Fox Corporation (Class B) (FOX) and Hercules Capital, Inc. (HTGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and HTGC?
Over the past 3 years, FOX and HTGC moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 287.2 %².
Within FOX's tracked universe of 32 assets, HTGC comes in at #14 by 3-year correlation. On 12-month performance FOX holds a 10.8-point edge, +12.2% against +1.4%.
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 HTGC: side by side
| FOX (Fox Corporation (Class B)) | HTGC (Hercules Capital, Inc.) | |
|---|---|---|
| 1-year return | +12.2% | +1.4% |
| 5-year return | +88.7% | +82.3% |
| Volatility (ann.) | 28.5% | 22.4% |
| Beta vs S&P 500 | 0.58 | 0.79 |
| Max drawdown (3Y) | -34.1% | -28.0% |
| Market cap | $25.4B | $3.3B |
| P/E (trailing) | 16.2 | 8.7 |
| Dividend yield | 0.90% | 9.07% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | HTGC |
|---|---|---|
| 2022 | -15.8% | -9.5% |
| 2023 | -1.2% | +42.9% |
| 2024 | +68.3% | +32.8% |
| 2025 | +43.4% | +3.5% |
| 2026 | -6.5% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and HTGC good diversifiers for each other?
Reasonably. At 0.45, FOX and HTGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOX and HTGC?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.51 over the last year and 0.40 over 5 years.
Is HTGC a good diversifier for FOX?
Reasonably. At 0.45, FOX and HTGC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/fox-vs-htgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fox-vs-htgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOX correlations · HTGC correlations
