GOOGL vs NWSA: Correlation
How closely do Alphabet Inc. (Class A) (GOOGL) and News Corp (Class A) (NWSA) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and NWSA?
Over the past 3 years, GOOGL and NWSA moved with a correlation of 0.27, which is weak. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 197.0 %².
Within GOOGL's tracked universe of 37 assets, NWSA comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 58.7 points (+64.7% versus +6.0%). Across three years, the rolling one-year figure varied moderately, from 0.12 to 0.56.
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.
GOOGL vs NWSA: side by side
| GOOGL (Alphabet Inc. (Class A)) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | +64.7% | +6.0% |
| 5-year return | +137.7% | +45.9% |
| Volatility (ann.) | 31.4% | 23.4% |
| Beta vs S&P 500 | 1.22 | 0.76 |
| Max drawdown (3Y) | -29.8% | -27.8% |
| Market cap | $4,166.1B | $16.8B |
| P/E (trailing) | 17.2 | 30.0 |
| Dividend yield | 0.25% | 0.65% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | GOOGL | NWSA |
|---|---|---|
| 2022 | -39.1% | -17.6% |
| 2023 | +58.3% | +36.4% |
| 2024 | +36.0% | +13.0% |
| 2025 | +66.0% | -4.5% |
| 2026 | +9.0% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and NWSA good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOOGL and NWSA?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.28 over the last year and 0.36 over 5 years.
Is NWSA a good diversifier for GOOGL?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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
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Related comparisons
Hubs: GOOGL correlations · NWSA correlations
