FUSE vs NYT: Correlation
Fusemachines Inc. (FUSE) and New York Times Company (The) (NYT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSE and NYT?
Over the past 3 years, FUSE and NYT moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.28). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -773.0 %².
NYT is close to the least connected end of FUSE's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months NYT outperformed by 109.8 percentage points (-94.6% for FUSE against +15.2% for NYT). Risk is not evenly split, since FUSE carries 4.5 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.
FUSE vs NYT: side by side
| FUSE (Fusemachines Inc.) | NYT (New York Times Company (The)) | |
|---|---|---|
| 1-year return | -94.6% | +15.2% |
| 5-year return | -92.2% | +42.2% |
| Volatility (ann.) | 111.4% | 24.5% |
| Beta vs S&P 500 | 0.31 | 0.35 |
| Max drawdown (3Y) | -96.0% | -25.8% |
| Market cap | – | $11.0B |
| P/E (trailing) | – | 28.4 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSE | NYT |
|---|---|---|
| 2022 | – | -32.2% |
| 2023 | +7.6% | +52.6% |
| 2024 | +5.6% | +7.3% |
| 2025 | -85.7% | +35.1% |
| 2026 | -53.8% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSE and NYT good diversifiers for each other?
Yes. With a correlation of -0.28, FUSE and NYT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FUSE and NYT?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.41 over the last year and -0.21 over 5 years.
Is NYT a good diversifier for FUSE?
Yes. With a correlation of -0.28, FUSE and NYT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/fuse-vs-nyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fuse-vs-nyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUSE correlations · NYT correlations
