FOXA vs HTGC: Correlation
How closely do Fox Corporation (Class A) (FOXA) and Hercules Capital, Inc. (HTGC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and HTGC?
On 3 years of weekly data the FOXA/HTGC correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 292.3 %².
Among the 33 assets we track against FOXA, HTGC ranks #15 by 3-year correlation. Over the last 12 months FOXA came out ahead by 12.6 percentage points (+14.0% against +1.4%).
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 HTGC: side by side
| FOXA (Fox Corporation (Class A)) | HTGC (Hercules Capital, Inc.) | |
|---|---|---|
| 1-year return | +14.0% | +1.4% |
| 5-year return | +93.4% | +82.3% |
| Volatility (ann.) | 29.3% | 22.4% |
| Beta vs S&P 500 | 0.56 | 0.79 |
| Max drawdown (3Y) | -35.6% | -28.0% |
| Market cap | $28.3B | $3.3B |
| P/E (trailing) | 18.1 | 8.7 |
| Dividend yield | 0.80% | 9.07% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | HTGC |
|---|---|---|
| 2022 | -16.6% | -9.5% |
| 2023 | -0.8% | +42.9% |
| 2024 | +66.3% | +32.8% |
| 2025 | +51.8% | +3.5% |
| 2026 | -7.6% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and HTGC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FOXA and HTGC?
The FOXA/HTGC correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is HTGC a good diversifier for FOXA?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/foxa-vs-htgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/foxa-vs-htgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOXA correlations · HTGC correlations
