FOX vs NMFC: Correlation
Fox Corporation (Class B) (FOX) and New Mountain Finance Corporation (NMFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and NMFC?
On 3 years of weekly data the FOX/NMFC correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 264.7 %².
Within FOX's tracked universe of 32 assets, NMFC comes in at #11 by 3-year correlation. The last year tells two different stories: FOX led by 28.3 percentage points, +12.2% for FOX against -16.1% for NMFC.
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 NMFC: side by side
| FOX (Fox Corporation (Class B)) | NMFC (New Mountain Finance Corporation) | |
|---|---|---|
| 1-year return | +12.2% | -16.1% |
| 5-year return | +88.7% | +1.4% |
| Volatility (ann.) | 28.5% | 19.7% |
| Beta vs S&P 500 | 0.58 | 0.53 |
| Max drawdown (3Y) | -34.1% | -30.6% |
| Market cap | $25.4B | $0.7B |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.90% | 15.98% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | NMFC |
|---|---|---|
| 2022 | -15.8% | -0.6% |
| 2023 | -1.2% | +15.8% |
| 2024 | +68.3% | -0.9% |
| 2025 | +43.4% | -7.2% |
| 2026 | -6.5% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and NMFC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOX and NMFC?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.44 over 5 years.
Is NMFC a good diversifier for FOX?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-nmfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fox-vs-nmfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOX correlations · NMFC correlations
