MCO vs NWSA: Correlation
How closely do Moody's Corporation (MCO) and News Corp (Class A) (NWSA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and NWSA?
Across a 3-year window, the weekly returns of MCO and NWSA correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 322.0 %².
Within MCO's tracked universe of 53 assets, NWSA comes in at #29 by 3-year correlation. On 12-month performance NWSA holds a 5.3-point edge, +0.7% against +6.0%. On a rolling one-year basis the correlation drifted between 0.22 and 0.67, a moderate band.
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 NWSA: side by side
| MCO (Moody's Corporation) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | +0.7% | +6.0% |
| 5-year return | +39.4% | +45.9% |
| Volatility (ann.) | 25.8% | 23.4% |
| Beta vs S&P 500 | 1.08 | 0.76 |
| Max drawdown (3Y) | -24.7% | -27.8% |
| Market cap | $88.2B | $16.8B |
| P/E (trailing) | 32.7 | 30.0 |
| Dividend yield | 0.77% | 0.65% |
| Sector / category | Financials | Communication Services |
Year-by-year returns
| Year | MCO | NWSA |
|---|---|---|
| 2022 | -28.0% | -17.6% |
| 2023 | +41.5% | +36.4% |
| 2024 | +22.2% | +13.0% |
| 2025 | +8.7% | -4.5% |
| 2026 | +0.3% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and NWSA good diversifiers for each other?
Only partially. A correlation of 0.53 means MCO and NWSA 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 NWSA?
The MCO/NWSA correlation stands at 0.53 on a 3-year window (1 year: 0.54, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is NWSA a good diversifier for MCO?
Only partially. A correlation of 0.53 means MCO and NWSA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mco-vs-nwsa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mco-vs-nwsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCO correlations · NWSA correlations
