META vs NWSA: Correlation
How closely do Meta Platforms (META) and News Corp (Class A) (NWSA) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and NWSA?
Over the past 3 years, META and NWSA moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 277.5 %².
By 3-year correlation, NWSA places #19 of the 33 assets tracked against META. The last year tells two different stories: NWSA led by 29.3 percentage points, -23.3% for META against +6.0% for NWSA. The relationship is regime-dependent: the rolling one-year correlation swung between -0.00 and 0.57 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: META is 1.6 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 NWSA: side by side
| META (Meta Platforms) | NWSA (News Corp (Class A)) | |
|---|---|---|
| 1-year return | -23.3% | +6.0% |
| 5-year return | +51.3% | +45.9% |
| Volatility (ann.) | 36.9% | 23.4% |
| Beta vs S&P 500 | 1.45 | 0.76 |
| Max drawdown (3Y) | -34.2% | -27.8% |
| Market cap | $1,454.9B | $16.8B |
| P/E (trailing) | 21.7 | 30.0 |
| Dividend yield | 0.36% | 0.65% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | META | NWSA |
|---|---|---|
| 2022 | -64.2% | -17.6% |
| 2023 | +194.1% | +36.4% |
| 2024 | +66.0% | +13.0% |
| 2025 | +13.1% | -4.5% |
| 2026 | -13.3% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are META and NWSA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between META and NWSA?
As of 2026-08-27, the correlation of weekly returns between META and NWSA is 0.32 over 3 years, 0.32 over 1 year and 0.35 over 5 years.
Is NWSA a good diversifier for META?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-nwsa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/meta-vs-nwsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: META correlations · NWSA correlations
