META vs NWS: Correlation
Meta Platforms (META) and News Corp (Class B) (NWS) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and NWS?
Over the past 3 years, META and NWS moved with a correlation of 0.31, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 283.2 %².
By 3-year correlation, NWS places #20 of the 33 assets tracked against META. The last year tells two different stories: NWS led by 27.6 percentage points, -23.3% for META against +4.3% for NWS. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.01 to 0.54. One caveat on sizing: META is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NWS: side by side
| META (Meta Platforms) | NWS (News Corp (Class B)) | |
|---|---|---|
| 1-year return | -23.3% | +4.3% |
| 5-year return | +51.3% | +67.8% |
| Volatility (ann.) | 36.9% | 24.5% |
| Beta vs S&P 500 | 1.45 | 0.77 |
| Max drawdown (3Y) | -34.2% | -26.8% |
| Market cap | $1,454.9B | $19.0B |
| P/E (trailing) | 21.7 | 34.3 |
| Dividend yield | 0.36% | 0.57% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | META | NWS |
|---|---|---|
| 2022 | -64.2% | -17.2% |
| 2023 | +194.1% | +41.0% |
| 2024 | +66.0% | +19.2% |
| 2025 | +13.1% | -2.0% |
| 2026 | -13.3% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are META and NWS good diversifiers for each other?
Reasonably. At 0.31, META and NWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between META and NWS?
As of 2026-08-27, the correlation of weekly returns between META and NWS is 0.31 over 3 years, 0.30 over 1 year and 0.32 over 5 years.
Is NWS a good diversifier for META?
Reasonably. At 0.31, META and NWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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
$ curl https://www.pairbook.io/api/v1/pairs/meta-vs-nws.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/meta-vs-nws/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: META correlations · NWS correlations
