FOX vs ICCM: Correlation
Fox Corporation (Class B) (FOX) and IceCure Medical Ltd. (ICCM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and ICCM?
Over the past 3 years, FOX and ICCM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -812.7 %².
Among the 32 assets we track against FOX, ICCM sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with FOX ahead by 104.5 points (+12.2% versus -92.3%). Risk is not evenly split, since ICCM carries 4.1 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 ICCM: side by side
| FOX (Fox Corporation (Class B)) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | +12.2% | -92.3% |
| 5-year return | +88.7% | -99.3% |
| Volatility (ann.) | 28.5% | 117.6% |
| Beta vs S&P 500 | 0.58 | 0.41 |
| Max drawdown (3Y) | -34.1% | -95.4% |
| Market cap | $25.4B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | ICCM |
|---|---|---|
| 2022 | -15.8% | -49.2% |
| 2023 | -1.2% | -31.0% |
| 2024 | +68.3% | +2.8% |
| 2025 | +43.4% | -44.5% |
| 2026 | -6.5% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and ICCM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FOX and ICCM?
As of 2026-08-27, the correlation of weekly returns between FOX and ICCM is -0.24 over 3 years, -0.39 over 1 year and -0.16 over 5 years.
Is ICCM a good diversifier for FOX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fox-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FOX correlations · ICCM correlations
