FOXA vs ICCM: Correlation
Fox Corporation (Class A) (FOXA) and IceCure Medical Ltd. (ICCM) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and ICCM?
Over the past 3 years, FOXA and ICCM moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.25). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -849.2 %².
Among the 33 assets we track against FOXA, ICCM sits near the bottom by co-movement, at rank #29. Correlation aside, the last 12 months split them widely, with FOXA ahead by 106.3 points (+14.0% versus -92.3%). Risk is not evenly split, since ICCM carries 4.0 times the volatility of the other side.
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 ICCM: side by side
| FOXA (Fox Corporation (Class A)) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | +14.0% | -92.3% |
| 5-year return | +93.4% | -99.3% |
| Volatility (ann.) | 29.3% | 117.6% |
| Beta vs S&P 500 | 0.56 | 0.41 |
| Max drawdown (3Y) | -35.6% | -95.4% |
| Market cap | $28.3B | – |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 0.80% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | ICCM |
|---|---|---|
| 2022 | -16.6% | -49.2% |
| 2023 | -0.8% | -31.0% |
| 2024 | +66.3% | +2.8% |
| 2025 | +51.8% | -44.5% |
| 2026 | -7.6% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and ICCM good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXA and ICCM?
As of 2026-08-27, the correlation of weekly returns between FOXA and ICCM is -0.25 over 3 years, -0.39 over 1 year and -0.16 over 5 years.
Is ICCM a good diversifier for FOXA?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/foxa-vs-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/foxa-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FOXA correlations · ICCM correlations
