FOX vs OMC: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class B) (FOX) and Omnicom Group (OMC) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and OMC?
Over the past 3 years, FOX and OMC moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 324.7 %².
Within FOX's tracked universe of 32 assets, OMC comes in at #17 by 3-year correlation. Neither side won the trailing year by much: +12.2% against +16.5%. On a rolling one-year basis the correlation drifted between 0.24 and 0.49, a moderate band.
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 OMC: side by side
| FOX (Fox Corporation (Class B)) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | +12.2% | +16.5% |
| 5-year return | +88.7% | +45.6% |
| Volatility (ann.) | 28.5% | 28.0% |
| Beta vs S&P 500 | 0.58 | 0.76 |
| Max drawdown (3Y) | -34.1% | -33.3% |
| Market cap | $25.4B | $24.1B |
| P/E (trailing) | 16.2 | 237.5 |
| Dividend yield | 0.90% | 3.53% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | FOX | OMC |
|---|---|---|
| 2022 | -15.8% | +15.7% |
| 2023 | -1.2% | +9.6% |
| 2024 | +68.3% | +2.5% |
| 2025 | +43.4% | -2.6% |
| 2026 | -6.5% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and OMC good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FOX and OMC?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.40 over the last year and 0.42 over 5 years.
Is OMC a good diversifier for FOX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fox-vs-omc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fox-vs-omc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOX correlations · OMC correlations
