FOXA vs ZSQR: Correlation
Fox Corporation (Class A) (FOXA) and Z Squared Inc. (ZSQR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXA and ZSQR?
Over the past 3 years, FOXA and ZSQR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -671.6 %².
Within FOXA's tracked universe of 33 assets, ZSQR comes in at #27 by 3-year correlation. The last year tells two different stories: FOXA led by 82.2 percentage points, +14.0% for FOXA against -68.2% for ZSQR. Note the risk asymmetry: ZSQR runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZSQR: side by side
| FOXA (Fox Corporation (Class A)) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | +14.0% | -68.2% |
| 5-year return | +93.4% | -97.9% |
| Volatility (ann.) | 29.3% | 98.5% |
| Beta vs S&P 500 | 0.56 | 0.28 |
| Max drawdown (3Y) | -35.6% | -89.7% |
| Market cap | $28.3B | $0.2B |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 0.80% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | FOXA | ZSQR |
|---|---|---|
| 2022 | -16.6% | -84.7% |
| 2023 | -0.8% | -48.8% |
| 2024 | +66.3% | -64.9% |
| 2025 | +51.8% | +159.1% |
| 2026 | -7.6% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXA and ZSQR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FOXA and ZSQR?
As of 2026-08-27, the correlation of weekly returns between FOXA and ZSQR is -0.23 over 3 years, -0.32 over 1 year and -0.17 over 5 years.
Is ZSQR a good diversifier for FOXA?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-zsqr.json
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[](https://www.pairbook.io/pair/foxa-vs-zsqr/)
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Related comparisons
Hubs: FOXA correlations · ZSQR correlations
