NFLX vs TKO: Correlation
Netflix (NFLX) and TKO Group Holdings (TKO) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFLX and TKO?
Across a 3-year window, the weekly returns of NFLX and TKO correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.34, with an annualized covariance of 468.6 %².
Within NFLX's tracked universe of 33 assets, TKO comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TKO outperformed by 35.5 percentage points (-34.7% for NFLX against +0.8% for TKO). This link changes with the market regime, having swung between 0.17 and 0.68 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.
NFLX vs TKO: side by side
| NFLX (Netflix) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | -34.7% | +0.8% |
| 5-year return | +41.0% | +281.8% |
| Volatility (ann.) | 35.2% | 32.1% |
| Beta vs S&P 500 | 0.99 | 0.70 |
| Max drawdown (3Y) | -49.5% | -34.8% |
| Market cap | $332.4B | $34.9B |
| P/E (trailing) | 25.7 | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NFLX | TKO |
|---|---|---|
| 2022 | -51.1% | +39.9% |
| 2023 | +65.1% | +23.9% |
| 2024 | +83.1% | +74.2% |
| 2025 | +5.2% | +48.9% |
| 2026 | -14.8% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFLX and TKO good diversifiers for each other?
Reasonably. At 0.41, NFLX and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NFLX and TKO?
The NFLX/TKO correlation stands at 0.41 on a 3-year window (1 year: 0.16, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TKO a good diversifier for NFLX?
Reasonably. At 0.41, NFLX and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/nflx-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nflx-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NFLX correlations · TKO correlations
