NWSA vs TROW: Correlation
How closely do News Corp (Class A) (NWSA) and T. Rowe Price (TROW) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and TROW?
Across a 3-year window, the weekly returns of NWSA and TROW correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 291.0 %².
Among the 42 assets we track against NWSA, TROW ranks #8 by 3-year correlation. Neither side won the trailing year by much: +6.0% against +8.1%. The rolling one-year correlation moved between 0.34 and 0.73 over the past three years, a moderate range.
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 TROW: side by side
| NWSA (News Corp (Class A)) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +6.0% | +8.1% |
| 5-year return | +45.9% | -37.0% |
| Volatility (ann.) | 23.4% | 23.5% |
| Beta vs S&P 500 | 0.76 | 1.10 |
| Max drawdown (3Y) | -27.8% | -34.0% |
| Market cap | $16.8B | $24.0B |
| P/E (trailing) | 30.0 | 11.3 |
| Dividend yield | 0.65% | 4.57% |
| Sector / category | Communication Services | Financials |
Year-by-year returns
| Year | NWSA | TROW |
|---|---|---|
| 2022 | -17.6% | -42.2% |
| 2023 | +36.4% | +3.4% |
| 2024 | +13.0% | +9.7% |
| 2025 | -4.5% | -4.7% |
| 2026 | +19.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and TROW good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NWSA and TROW?
As of 2026-08-27, the correlation of weekly returns between NWSA and TROW is 0.53 over 3 years, 0.55 over 1 year and 0.50 over 5 years.
Is TROW a good diversifier for NWSA?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nwsa-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nwsa-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWSA correlations · TROW correlations
