FOXA vs OMC: Correlation
Fox Corporation (Class A) (FOXA) and Omnicom Group (OMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and OMC?
On 3 years of weekly data the FOXA/OMC correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.39 over 3. The 5-year figure is 0.41, and annualized covariance runs at 320.9 %².
By 3-year correlation, OMC places #18 of the 33 assets tracked against FOXA. Neither side won the trailing year by much: +14.0% against +16.5%. The rolling one-year correlation moved between 0.19 and 0.51 over the past three years, a moderate range.
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 OMC: side by side
| FOXA (Fox Corporation (Class A)) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | +14.0% | +16.5% |
| 5-year return | +93.4% | +45.6% |
| Volatility (ann.) | 29.3% | 28.0% |
| Beta vs S&P 500 | 0.56 | 0.76 |
| Max drawdown (3Y) | -35.6% | -33.3% |
| Market cap | $28.3B | $24.1B |
| P/E (trailing) | 18.1 | 237.5 |
| Dividend yield | 0.80% | 3.53% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | FOXA | OMC |
|---|---|---|
| 2022 | -16.6% | +15.7% |
| 2023 | -0.8% | +9.6% |
| 2024 | +66.3% | +2.5% |
| 2025 | +51.8% | -2.6% |
| 2026 | -7.6% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and OMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOXA and OMC?
As of 2026-08-27, the correlation of weekly returns between FOXA and OMC is 0.39 over 3 years, 0.39 over 1 year and 0.41 over 5 years.
Is OMC a good diversifier for FOXA?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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-omc.json
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Related comparisons
Hubs: FOXA correlations · OMC correlations
