FOXA vs SCM: Correlation
Fox Corporation (Class A) (FOXA) and Stellus Capital Investment Corporation (SCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and SCM?
Across a 3-year window, the weekly returns of FOXA and SCM correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 322.5 %².
Among the 33 assets we track against FOXA, SCM ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOXA ahead by 46.7 points (+14.0% 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.
FOXA vs SCM: side by side
| FOXA (Fox Corporation (Class A)) | SCM (Stellus Capital Investment Corporation) | |
|---|---|---|
| 1-year return | +14.0% | -32.7% |
| 5-year return | +93.4% | +16.7% |
| Volatility (ann.) | 29.3% | 24.4% |
| Beta vs S&P 500 | 0.56 | 0.68 |
| Max drawdown (3Y) | -35.6% | -47.8% |
| Market cap | $28.3B | $0.2B |
| P/E (trailing) | 18.1 | 8.4 |
| Dividend yield | 0.80% | 17.12% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | SCM |
|---|---|---|
| 2022 | -16.6% | +12.9% |
| 2023 | -0.8% | +8.7% |
| 2024 | +66.3% | +20.3% |
| 2025 | +51.8% | +3.7% |
| 2026 | -7.6% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and SCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOXA and SCM?
The FOXA/SCM correlation stands at 0.45 on a 3-year window (1 year: 0.46, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is SCM a good diversifier for FOXA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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-scm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/foxa-vs-scm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOXA correlations · SCM correlations
