NWS vs TTD: Correlation
Measured on weekly returns over the past three years, News Corp (Class B) (NWS) and Trade Desk (The) (TTD) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWS and TTD?
Over the past 3 years, NWS and TTD moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 487.4 %².
Among the 37 assets we track against NWS, TTD ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NWS ahead by 78.8 points (+4.3% versus -74.5%). On a rolling one-year basis the correlation drifted between 0.20 and 0.58, a moderate band. Note the risk asymmetry: TTD runs 2.5 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 TTD: side by side
| NWS (News Corp (Class B)) | TTD (Trade Desk (The)) | |
|---|---|---|
| 1-year return | +4.3% | -74.5% |
| 5-year return | +67.8% | -83.4% |
| Volatility (ann.) | 24.5% | 60.7% |
| Beta vs S&P 500 | 0.77 | 1.23 |
| Max drawdown (3Y) | -26.8% | -90.7% |
| Market cap | $19.0B | $6.3B |
| P/E (trailing) | 34.3 | 15.4 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWS | TTD |
|---|---|---|
| 2022 | -17.2% | -51.1% |
| 2023 | +41.0% | +60.5% |
| 2024 | +19.2% | +63.3% |
| 2025 | -2.0% | -67.7% |
| 2026 | +19.6% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWS and TTD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NWS and TTD?
As of 2026-08-27, the correlation of weekly returns between NWS and TTD is 0.33 over 3 years, 0.20 over 1 year and 0.37 over 5 years.
Is TTD a good diversifier for NWS?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-ttd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nws-vs-ttd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NWS correlations · TTD correlations
