NWSA vs OMC: Correlation
Measured on weekly returns over the past three years, News Corp (Class A) (NWSA) and Omnicom Group (OMC) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and OMC?
On 3 years of weekly data the NWSA/OMC correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 298.6 %².
Among the 42 assets we track against NWSA, OMC ranks #19 by 3-year correlation. Over the last 12 months OMC came out ahead by 10.5 percentage points (+6.0% against +16.5%). On a rolling one-year basis the correlation drifted between 0.30 and 0.59, a moderate band.
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.
NWSA vs OMC: side by side
| NWSA (News Corp (Class A)) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | +6.0% | +16.5% |
| 5-year return | +45.9% | +45.6% |
| Volatility (ann.) | 23.4% | 28.0% |
| Beta vs S&P 500 | 0.76 | 0.76 |
| Max drawdown (3Y) | -27.8% | -33.3% |
| Market cap | $16.8B | $24.1B |
| P/E (trailing) | 30.0 | 237.5 |
| Dividend yield | 0.65% | 3.53% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWSA | OMC |
|---|---|---|
| 2022 | -17.6% | +15.7% |
| 2023 | +36.4% | +9.6% |
| 2024 | +13.0% | +2.5% |
| 2025 | -4.5% | -2.6% |
| 2026 | +19.9% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and OMC good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NWSA and OMC?
As of 2026-08-27, the correlation of weekly returns between NWSA and OMC is 0.46 over 3 years, 0.45 over 1 year and 0.50 over 5 years.
Is OMC a good diversifier for NWSA?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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
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Related comparisons
Hubs: NWSA correlations · OMC correlations
