META vs NFLX: Correlation
Meta Platforms (META) and Netflix (NFLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and NFLX?
Over the past 3 years, META and NFLX moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.30 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 392.9 %².
Within META's tracked universe of 33 assets, NFLX comes in at #21 by 3-year correlation. The trailing year gives META the advantage: -23.3% versus -34.7%, a 11.4-point spread. This link changes with the market regime, having swung between 0.05 and 0.59 on a rolling one-year basis.
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.
META vs NFLX: side by side
| META (Meta Platforms) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | -23.3% | -34.7% |
| 5-year return | +51.3% | +41.0% |
| Volatility (ann.) | 36.9% | 35.2% |
| Beta vs S&P 500 | 1.45 | 0.99 |
| Max drawdown (3Y) | -34.2% | -49.5% |
| Market cap | $1,454.9B | $332.4B |
| P/E (trailing) | 21.7 | 25.7 |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | META | NFLX |
|---|---|---|
| 2022 | -64.2% | -51.1% |
| 2023 | +194.1% | +65.1% |
| 2024 | +66.0% | +83.1% |
| 2025 | +13.1% | +5.2% |
| 2026 | -13.3% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are META and NFLX good diversifiers for each other?
Reasonably. At 0.30, META and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between META and NFLX?
As of 2026-08-27, the correlation of weekly returns between META and NFLX is 0.30 over 3 years, 0.04 over 1 year and 0.36 over 5 years.
Is NFLX a good diversifier for META?
Reasonably. At 0.30, META and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/meta-vs-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/meta-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: META correlations · NFLX correlations
