NWS vs TROW: Correlation
News Corp (Class B) (NWS) and T. Rowe Price (TROW) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWS and TROW?
Over the past 3 years, NWS and TROW moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 293.6 %².
Within NWS's tracked universe of 37 assets, TROW comes in at #9 by 3-year correlation. Neither side won the trailing year by much: +4.3% against +8.1%. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.73.
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 TROW: side by side
| NWS (News Corp (Class B)) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +4.3% | +8.1% |
| 5-year return | +67.8% | -37.0% |
| Volatility (ann.) | 24.5% | 23.5% |
| Beta vs S&P 500 | 0.77 | 1.10 |
| Max drawdown (3Y) | -26.8% | -34.0% |
| Market cap | $19.0B | $24.0B |
| P/E (trailing) | 34.3 | 11.3 |
| Dividend yield | 0.57% | 4.57% |
| Sector / category | Communication Services | Financials |
Year-by-year returns
| Year | NWS | TROW |
|---|---|---|
| 2022 | -17.2% | -42.2% |
| 2023 | +41.0% | +3.4% |
| 2024 | +19.2% | +9.7% |
| 2025 | -2.0% | -4.7% |
| 2026 | +19.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWS and TROW good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NWS and TROW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.54 over the last year and 0.47 over 5 years.
Is TROW a good diversifier for NWS?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nws-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWS correlations · TROW correlations
