NWSA vs TTD: Correlation
News Corp (Class A) (NWSA) and Trade Desk (The) (TTD) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and TTD?
On 3 years of weekly data the NWSA/TTD correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.31). The 5-year figure is 0.37, and annualized covariance runs at 435.8 %².
Among the 42 assets we track against NWSA, TTD ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NWSA outperformed by 80.5 percentage points (+6.0% for NWSA against -74.5% for TTD). Across three years, the rolling one-year figure varied moderately, from 0.10 to 0.57. Note the risk asymmetry: TTD runs 2.6 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 TTD: side by side
| NWSA (News Corp (Class A)) | TTD (Trade Desk (The)) | |
|---|---|---|
| 1-year return | +6.0% | -74.5% |
| 5-year return | +45.9% | -83.4% |
| Volatility (ann.) | 23.4% | 60.7% |
| Beta vs S&P 500 | 0.76 | 1.23 |
| Max drawdown (3Y) | -27.8% | -90.7% |
| Market cap | $16.8B | $6.3B |
| P/E (trailing) | 30.0 | 15.4 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWSA | TTD |
|---|---|---|
| 2022 | -17.6% | -51.1% |
| 2023 | +36.4% | +60.5% |
| 2024 | +13.0% | +63.3% |
| 2025 | -4.5% | -67.7% |
| 2026 | +19.9% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and TTD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWSA and TTD?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.11 over the last year and 0.37 over 5 years.
Is TTD a good diversifier for NWSA?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nwsa-vs-ttd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwsa-vs-ttd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NWSA correlations · TTD correlations
