NWSA vs RDDT: Correlation
News Corp (Class A) (NWSA) and Reddit (RDDT) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and RDDT?
Over the past 3 years, NWSA and RDDT moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.46 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 810.6 %².
Among the 42 assets we track against NWSA, RDDT ranks #20 by 3-year correlation. The last year tells two different stories: NWSA led by 33.1 percentage points, +6.0% for NWSA against -27.1% for RDDT. The rolling one-year correlation moved between 0.37 and 0.63 over the past three years, a moderate range. Note the risk asymmetry: RDDT runs 3.2 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.
NWSA vs RDDT: side by side
| NWSA (News Corp (Class A)) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +6.0% | -27.1% |
| 5-year return | +45.9% | n/a |
| Volatility (ann.) | 23.4% | 75.2% |
| Beta vs S&P 500 | 0.76 | 2.59 |
| Max drawdown (3Y) | -27.8% | -61.4% |
| Market cap | $16.8B | $29.6B |
| P/E (trailing) | 30.0 | 36.1 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWSA | RDDT |
|---|---|---|
| 2022 | -17.6% | – |
| 2023 | +36.4% | – |
| 2024 | +13.0% | – |
| 2025 | -4.5% | +40.6% |
| 2026 | +19.9% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and RDDT 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 RDDT?
As of 2026-08-27, the correlation of weekly returns between NWSA and RDDT is 0.46 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is RDDT 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
$ curl https://www.pairbook.io/api/v1/pairs/nwsa-vs-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nwsa-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWSA correlations · RDDT correlations
