NWSA vs OMF: Correlation
News Corp (Class A) (NWSA) and OneMain Holdings, Inc. (OMF) 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 NWSA and OMF?
On 3 years of weekly data the NWSA/OMF correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.51). The 5-year figure is 0.48, and annualized covariance runs at 381.6 %².
Among the 42 assets we track against NWSA, OMF ranks #11 by 3-year correlation. On 12-month performance OMF holds a 5.8-point edge, +6.0% against +11.8%.
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 OMF: side by side
| NWSA (News Corp (Class A)) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.0% | +11.8% |
| 5-year return | +45.9% | +68.1% |
| Volatility (ann.) | 23.4% | 31.8% |
| Beta vs S&P 500 | 0.76 | 1.27 |
| Max drawdown (3Y) | -27.8% | -29.9% |
| Market cap | $16.8B | $7.3B |
| P/E (trailing) | 30.0 | 9.5 |
| Dividend yield | 0.65% | 6.64% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | NWSA | OMF |
|---|---|---|
| 2022 | -17.6% | -27.2% |
| 2023 | +36.4% | +63.0% |
| 2024 | +13.0% | +15.1% |
| 2025 | -4.5% | +39.8% |
| 2026 | +19.9% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and OMF good diversifiers for each other?
Only partially. A correlation of 0.51 means NWSA and OMF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NWSA and OMF?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.41 over the last year and 0.48 over 5 years.
Is OMF a good diversifier for NWSA?
Only partially. A correlation of 0.51 means NWSA and OMF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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/nwsa-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwsa-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWSA correlations · OMF correlations
