NWS vs OMF: Correlation
How closely do News Corp (Class B) (NWS) and OneMain Holdings, Inc. (OMF) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWS and OMF?
Over the past 3 years, NWS and OMF moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.50 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 392.0 %².
Within NWS's tracked universe of 37 assets, OMF comes in at #11 by 3-year correlation. Over the last 12 months OMF came out ahead by 7.5 percentage points (+4.3% against +11.8%).
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.
NWS vs OMF: side by side
| NWS (News Corp (Class B)) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | +4.3% | +11.8% |
| 5-year return | +67.8% | +68.1% |
| Volatility (ann.) | 24.5% | 31.8% |
| Beta vs S&P 500 | 0.77 | 1.27 |
| Max drawdown (3Y) | -26.8% | -29.9% |
| Market cap | $19.0B | $7.3B |
| P/E (trailing) | 34.3 | 9.5 |
| Dividend yield | 0.57% | 6.64% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | NWS | OMF |
|---|---|---|
| 2022 | -17.2% | -27.2% |
| 2023 | +41.0% | +63.0% |
| 2024 | +19.2% | +15.1% |
| 2025 | -2.0% | +39.8% |
| 2026 | +19.6% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWS and OMF good diversifiers for each other?
Only partially. A correlation of 0.50 means NWS and OMF 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 NWS and OMF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is OMF a good diversifier for NWS?
Only partially. A correlation of 0.50 means NWS and OMF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/nws-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nws-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWS correlations · OMF correlations
