FOXA vs GLAD: Correlation
Measured on weekly returns over the past three years, Fox Corporation (Class A) (FOXA) and Gl (GLAD) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and GLAD?
On 3 years of weekly data the FOXA/GLAD correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 291.0 %².
Among the 33 assets we track against FOXA, GLAD ranks #14 by 3-year correlation. The last year tells two different stories: FOXA led by 30.7 percentage points, +14.0% for FOXA against -16.7% for GLAD.
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.
FOXA vs GLAD: side by side
| FOXA (Fox Corporation (Class A)) | GLAD (Gl) | |
|---|---|---|
| 1-year return | +14.0% | -16.7% |
| 5-year return | +93.4% | +32.9% |
| Volatility (ann.) | 29.3% | 22.7% |
| Beta vs S&P 500 | 0.56 | 0.75 |
| Max drawdown (3Y) | -35.6% | -39.6% |
| Market cap | $28.3B | $0.4B |
| P/E (trailing) | 18.1 | 9.3 |
| Dividend yield | 0.80% | 9.35% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | GLAD |
|---|---|---|
| 2022 | -16.6% | -10.4% |
| 2023 | -0.8% | +22.7% |
| 2024 | +66.3% | +47.0% |
| 2025 | +51.8% | -21.1% |
| 2026 | -7.6% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and GLAD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOXA and GLAD?
The FOXA/GLAD correlation stands at 0.44 on a 3-year window (1 year: 0.42, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is GLAD a good diversifier for FOXA?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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/foxa-vs-glad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxa-vs-glad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FOXA correlations · GLAD correlations
