MCO vs NWS: Correlation
Measured on weekly returns over the past three years, Moody's Corporation (MCO) and News Corp (Class B) (NWS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and NWS?
On 3 years of weekly data the MCO/NWS correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. The 5-year figure is 0.49, and annualized covariance runs at 329.5 %².
Among the 53 assets we track against MCO, NWS ranks #33 by 3-year correlation. Neither side won the trailing year by much: +0.7% against +4.3%. The rolling one-year correlation moved between 0.25 and 0.62 over the past three years, a moderate range.
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.
MCO vs NWS: side by side
| MCO (Moody's Corporation) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | +0.7% | +4.3% |
| 5-year return | +39.4% | +67.8% |
| Volatility (ann.) | 25.8% | 24.5% |
| Beta vs S&P 500 | 1.08 | 0.77 |
| Max drawdown (3Y) | -24.7% | -26.8% |
| Market cap | $88.2B | $19.0B |
| P/E (trailing) | 32.7 | 34.3 |
| Dividend yield | 0.77% | 0.57% |
| Sector / category | Financials | Communication Services |
Year-by-year returns
| Year | MCO | NWS |
|---|---|---|
| 2022 | -28.0% | -17.2% |
| 2023 | +41.5% | +41.0% |
| 2024 | +22.2% | +19.2% |
| 2025 | +8.7% | -2.0% |
| 2026 | +0.3% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and NWS good diversifiers for each other?
Only partially. A correlation of 0.52 means MCO 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 MCO and NWS?
As of 2026-08-27, the correlation of weekly returns between MCO and NWS is 0.52 over 3 years, 0.53 over 1 year and 0.49 over 5 years.
Is NWS a good diversifier for MCO?
Only partially. A correlation of 0.52 means MCO 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 0.52 mean?
A reading of 0.52 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: MCO correlations · NWS correlations
