FOX vs PSKY: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class B) (FOX) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and PSKY?
On 3 years of weekly data the FOX/PSKY correlation comes out at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.30 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 461.6 %².
Among the 32 assets we track against FOX, PSKY ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOX ahead by 38.1 points (+12.2% versus -25.9%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.04 to 0.73. One caveat on sizing: PSKY is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PSKY: side by side
| FOX (Fox Corporation (Class B)) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +12.2% | -25.9% |
| 5-year return | +88.7% | -69.8% |
| Volatility (ann.) | 28.5% | 54.4% |
| Beta vs S&P 500 | 0.58 | 0.92 |
| Max drawdown (3Y) | -34.1% | -59.9% |
| Market cap | $25.4B | $12.1B |
| P/E (trailing) | 16.2 | 360.0 |
| Dividend yield | 0.90% | 1.86% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | FOX | PSKY |
|---|---|---|
| 2022 | -15.8% | -41.8% |
| 2023 | -1.2% | -10.4% |
| 2024 | +68.3% | -28.0% |
| 2025 | +43.4% | +30.0% |
| 2026 | -6.5% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and PSKY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOX and PSKY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.16 over the last year and 0.41 over 5 years.
Is PSKY a good diversifier for FOX?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fox-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOX correlations · PSKY correlations
