NWS vs TTWO: Correlation
News Corp (Class B) (NWS) and Take-Two Interactive (TTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWS and TTWO?
On 3 years of weekly data the NWS/TTWO correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.37). The 5-year figure is 0.32, and annualized covariance runs at 250.3 %².
Among the 37 assets we track against NWS, TTWO ranks #24 by 3-year correlation. Neither side won the trailing year by much: +4.3% against +0.4%. This link changes with the market regime, having swung between 0.07 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.
NWS vs TTWO: side by side
| NWS (News Corp (Class B)) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | +4.3% | +0.4% |
| 5-year return | +67.8% | +47.3% |
| Volatility (ann.) | 24.5% | 27.3% |
| Beta vs S&P 500 | 0.77 | 0.85 |
| Max drawdown (3Y) | -26.8% | -27.7% |
| Market cap | $19.0B | $43.6B |
| P/E (trailing) | 34.3 | – |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWS | TTWO |
|---|---|---|
| 2022 | -17.2% | -41.4% |
| 2023 | +41.0% | +54.6% |
| 2024 | +19.2% | +14.4% |
| 2025 | -2.0% | +39.1% |
| 2026 | +19.6% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWS and TTWO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWS and TTWO?
The NWS/TTWO correlation stands at 0.37 on a 3-year window (1 year: 0.24, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is TTWO a good diversifier for NWS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-ttwo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nws-vs-ttwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWS correlations · TTWO correlations
