NWS vs RDDT: Correlation
Measured on weekly returns over the past three years, News Corp (Class B) (NWS) and Reddit (RDDT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWS and RDDT?
Over the past 3 years, NWS and RDDT moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 830.5 %².
Within NWS's tracked universe of 37 assets, RDDT comes in at #20 by 3-year correlation. The last year tells two different stories: NWS led by 31.4 percentage points, +4.3% for NWS against -27.1% for RDDT. The rolling one-year correlation stayed in a tight band between 0.37 and 0.60 over the past three years, which points to a structural rather than episodic relationship. Note the risk asymmetry: RDDT runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RDDT: side by side
| NWS (News Corp (Class B)) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +4.3% | -27.1% |
| 5-year return | +67.8% | n/a |
| Volatility (ann.) | 24.5% | 75.2% |
| Beta vs S&P 500 | 0.77 | 2.59 |
| Max drawdown (3Y) | -26.8% | -61.4% |
| Market cap | $19.0B | $29.6B |
| P/E (trailing) | 34.3 | 36.1 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWS | RDDT |
|---|---|---|
| 2022 | -17.2% | – |
| 2023 | +41.0% | – |
| 2024 | +19.2% | – |
| 2025 | -2.0% | +40.6% |
| 2026 | +19.6% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWS and RDDT good diversifiers for each other?
Reasonably. At 0.44, NWS and RDDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NWS and RDDT?
As of 2026-08-27, the correlation of weekly returns between NWS and RDDT is 0.44 over 3 years, 0.38 over 1 year and n/a over 5 years.
Is RDDT a good diversifier for NWS?
Reasonably. At 0.44, NWS and RDDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/nws-vs-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nws-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWS correlations · RDDT correlations
