FRSH vs NWS: Correlation
Freshworks Inc. (FRSH) and News Corp (Class B) (NWS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and NWS?
Over the past 3 years, FRSH and NWS moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 603.9 %².
Within FRSH's tracked universe of 28 assets, NWS comes in at #16 by 3-year correlation. Their 12-month results are close: +0.6% for FRSH against +4.3% for NWS. Note the risk asymmetry: FRSH runs 2.0 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.
FRSH vs NWS: side by side
| FRSH (Freshworks Inc.) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | +0.6% | +4.3% |
| 5-year return | -71.2% | +67.8% |
| Volatility (ann.) | 48.9% | 24.5% |
| Beta vs S&P 500 | 1.46 | 0.77 |
| Max drawdown (3Y) | -71.9% | -26.8% |
| Market cap | $3.6B | $19.0B |
| P/E (trailing) | 20.4 | 34.3 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | FRSH | NWS |
|---|---|---|
| 2022 | -44.0% | -17.2% |
| 2023 | +59.7% | +41.0% |
| 2024 | -31.2% | +19.2% |
| 2025 | -24.2% | -2.0% |
| 2026 | +11.8% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and NWS good diversifiers for each other?
Only partially. A correlation of 0.50 means FRSH and NWS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FRSH and NWS?
The FRSH/NWS correlation stands at 0.50 on a 3-year window (1 year: 0.53, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is NWS a good diversifier for FRSH?
Only partially. A correlation of 0.50 means FRSH and NWS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/frsh-vs-nws.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frsh-vs-nws/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRSH correlations · NWS correlations
