NWSA vs TTWO: Correlation
News Corp (Class A) (NWSA) and Take-Two Interactive (TTWO) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and TTWO?
On 3 years of weekly data the NWSA/TTWO correlation comes out at 0.36, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.36). The 5-year figure is 0.32, and annualized covariance runs at 231.6 %².
Among the 42 assets we track against NWSA, TTWO ranks #24 by 3-year correlation. The trailing year gives NWSA the advantage: +6.0% versus +0.4%, a 5.6-point spread. This link changes with the market regime, having swung between 0.08 and 0.66 on a rolling one-year basis.
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 TTWO: side by side
| NWSA (News Corp (Class A)) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | +6.0% | +0.4% |
| 5-year return | +45.9% | +47.3% |
| Volatility (ann.) | 23.4% | 27.3% |
| Beta vs S&P 500 | 0.76 | 0.85 |
| Max drawdown (3Y) | -27.8% | -27.7% |
| Market cap | $16.8B | $43.6B |
| P/E (trailing) | 30.0 | – |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | NWSA | TTWO |
|---|---|---|
| 2022 | -17.6% | -41.4% |
| 2023 | +36.4% | +54.6% |
| 2024 | +13.0% | +14.4% |
| 2025 | -4.5% | +39.1% |
| 2026 | +19.9% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and TTWO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWSA and TTWO?
As of 2026-08-27, the correlation of weekly returns between NWSA and TTWO is 0.36 over 3 years, 0.25 over 1 year and 0.32 over 5 years.
Is TTWO a good diversifier for NWSA?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: NWSA correlations · TTWO correlations
