NYT vs PLUS: Correlation
New York Times Company (The) (NYT) and ePlus inc. (PLUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYT and PLUS?
On 3 years of weekly data the NYT/PLUS correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.42). The 5-year figure is 0.41, and annualized covariance runs at 343.2 %².
PLUS is one of the assets that tracks NYT most closely: it ranks #1 out of the 11 assets we track against NYT. On 12-month performance PLUS holds a 7.1-point edge, +15.2% against +22.3%.
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.
NYT vs PLUS: side by side
| NYT (New York Times Company (The)) | PLUS (ePlus inc.) | |
|---|---|---|
| 1-year return | +15.2% | +22.3% |
| 5-year return | +42.2% | +64.0% |
| Volatility (ann.) | 24.5% | 33.2% |
| Beta vs S&P 500 | 0.35 | 1.04 |
| Max drawdown (3Y) | -25.8% | -46.1% |
| Market cap | $11.0B | $2.3B |
| P/E (trailing) | 28.4 | 18.8 |
| Dividend yield | 1.20% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NYT | PLUS |
|---|---|---|
| 2022 | -32.2% | -17.8% |
| 2023 | +52.6% | +80.3% |
| 2024 | +7.3% | -7.5% |
| 2025 | +35.1% | +19.4% |
| 2026 | -1.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYT and PLUS good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NYT and PLUS?
The NYT/PLUS correlation stands at 0.42 on a 3-year window (1 year: 0.27, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PLUS a good diversifier for NYT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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: NYT correlations · PLUS correlations
