FOXA vs. PARA

Last updated Jun 3, 2026

FOXA (Fox Corporation) and PARA (Paramount Global Class B) are both stocks. Both are in the Communication Services sector — FOXA in Broadcasting, PARA in Entertainment. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

FOXA vs. PARA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fox Corporation (FOXA) and Paramount Global Class B (PARA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FOXA

• 1D: -1.68%
• 1M: 3.69%
• YTD: -9.66%
• 6M: -0.36%
• 1Y: 20.27%
• 3Y*: 28.88%
• 5Y*: 13.86%
• 10Y*: —

PARA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FOXA vs. PARA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FOXA Fox Corporation	-9.66%	51.83%	66.31%	-0.83%	-16.61%	28.24%	-20.22%	-1.15%
PARA Paramount Global Class B	0.00%	6.45%	-27.96%	-10.43%	-41.80%	-17.17%	-7.58%	-13.96%

Correlation

The correlation between FOXA and PARA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.53

Over the past year, the correlation between FOXA and PARA has dropped to 0.14 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Fundamentals

Market Cap FOXA : $28.38B PARA : $12.23B
EPS FOXA : $3.83 PARA : -$0.65
PS Ratio FOXA : 1.81 PARA : 0.37
PB Ratio FOXA : 2.59 PARA : 1.05
Total Revenue (TTM) FOXA : $16.20B PARA : $28.89B
Gross Profit (TTM) FOXA : $5.67B PARA : $8.54B
EBITDA (TTM) FOXA : $3.09B PARA : $2.64B

Return for Risk

FOXA vs. PARA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FOXA

FOXA Risk / Return Rank: 58
FOXA Sharpe Ratio Rank: 63
FOXA Sortino Ratio Rank: 58
FOXA Omega Ratio Rank: 56
FOXA Calmar Ratio Rank: 56
FOXA Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FOXA vs. PARA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fox Corporation (FOXA) and Paramount Global Class B (PARA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FOXA	PARA	Difference
Sharpe ratio Return per unit of total volatility	0.72	—	—
Sortino ratio Return per unit of downside risk	1.18	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	0.72	—	—
Martin ratio Return relative to average drawdown	1.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FOXA	PARA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	—	—

Drawdowns

Drawdown Indicators

	FOXA	PARA	Difference
Max Drawdown Largest peak-to-trough decline	-50.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	—	—
Current Drawdown Current decline from peak	-13.27%	—	—
Average Drawdown Average peak-to-trough decline	-17.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	11.65%	—	—

Volatility

Volatility by Period

	FOXA	PARA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.06%	—	—

Dividends

FOXA vs. PARA - Dividend Comparison

FOXA's dividend yield for the trailing twelve months is around 0.85%, more than PARA's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOXA Fox Corporation	0.85%	0.75%	1.09%	1.72%	1.61%	1.27%	1.58%	1.24%	0.00%	0.00%	0.00%	0.00%
PARA Paramount Global Class B	0.45%	0.91%	1.91%	2.64%	5.69%	3.18%	2.58%	1.86%	1.65%	1.22%	1.04%	1.27%

Financials

FOXA vs. PARA - Profitability Comparison

The chart below illustrates the profitability comparison between Fox Corporation and Paramount Global Class B over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FOXA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported a gross profit of 1.50B and revenue of 3.99B. Therefore, the gross margin over that period was 37.6%.

PARA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paramount Global Class B reported a gross profit of 1.98B and revenue of 8.15B. Therefore, the gross margin over that period was 24.3%.

FOXA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported an operating income of 801.00M and revenue of 3.99B, resulting in an operating margin of 20.1%.

PARA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paramount Global Class B reported an operating income of 207.00M and revenue of 8.15B, resulting in an operating margin of 2.5%.

FOXA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fox Corporation reported a net income of 166.00M and revenue of 3.99B, resulting in a net margin of 4.2%.

PARA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paramount Global Class B reported a net income of -573.00M and revenue of 8.15B, resulting in a net margin of -7.0%.

Frequently Asked Questions

Can I hold both FOXA and PARA in my portfolio?

FOXA and PARA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.