FOX vs SCM: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class B) (FOX) and Stellus Capital Investment Corporation (SCM) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOX and SCM?
On 3 years of weekly data the FOX/SCM correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.47 over 3. The 5-year figure is 0.42, and annualized covariance runs at 326.4 %².
By 3-year correlation, SCM places #12 of the 32 assets tracked against FOX. Correlation aside, the last 12 months split them widely, with FOX ahead by 44.9 points (+12.2% versus -32.7%).
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 SCM: side by side
| FOX (Fox Corporation (Class B)) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | +12.2% | -32.7% |
| 5-year return | +88.7% | +16.7% |
| Volatility (ann.) | 28.5% | 24.4% |
| Beta vs S&P 500 | 0.58 | 0.68 |
| Max drawdown (3Y) | -34.1% | -47.8% |
| Market cap | $25.4B | $0.2B |
| P/E (trailing) | 16.2 | 8.4 |
| Dividend yield | 0.90% | 17.12% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOX | SCM |
|---|---|---|
| 2022 | -15.8% | +12.9% |
| 2023 | -1.2% | +8.7% |
| 2024 | +68.3% | +20.3% |
| 2025 | +43.4% | +3.7% |
| 2026 | -6.5% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOX and SCM good diversifiers for each other?
Reasonably. At 0.47, FOX and SCM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOX and SCM?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.49 over the last year and 0.42 over 5 years.
Is SCM a good diversifier for FOX?
Reasonably. At 0.47, FOX and SCM keep a meaningful degree of independence, and combining them has historically reduced portfolio 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-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fox-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOX correlations · SCM correlations
