NWS vs. NWSA

Last updated Jun 3, 2026

NWS (News Corporation) and NWSA (News Corporation) are both stocks. Both operate in the Broadcasting industry within the Communication Services sector. Over the past 10 years, NWS returned 10.62%/yr vs 9.51%/yr for NWSA. With a 0.96 correlation, they move nearly in lockstep.

Performance

NWS vs. NWSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in News Corporation (NWS) and News Corporation (NWSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWS achieves a 2.23% return, which is significantly higher than NWSA's 1.53% return. Over the past 10 years, NWS has outperformed NWSA with an annualized return of 10.62%, while NWSA has yielded a comparatively lower 9.51% annualized return.

NWS

• 1D: -1.63%
• 1M: -0.76%
• YTD: 2.23%
• 6M: 4.56%
• 1Y: -6.45%
• 3Y*: 17.51%
• 5Y*: 5.18%
• 10Y*: 10.62%

NWSA

• 1D: -1.46%
• 1M: 0.65%
• YTD: 1.53%
• 6M: 4.41%
• 1Y: -5.23%
• 3Y*: 12.88%
• 5Y*: 1.31%
• 10Y*: 9.51%

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

NWS vs. NWSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWS News Corporation	2.23%	-2.01%	19.18%	41.02%	-17.20%	27.73%	24.46%	27.44%	-29.47%	42.83%
NWSA News Corporation	1.53%	-4.48%	13.03%	36.41%	-17.57%	25.20%	29.20%	26.42%	-28.99%	43.68%

Correlation

The correlation between NWS and NWSA is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 20, 2013	0.96

The correlation between NWS and NWSA has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Fundamentals

Market Cap NWS : $16.95B NWSA : $14.83B
EPS NWS : $1.85 NWSA : $2.97
PE Ratio NWS : 16.36 NWSA : 8.90
PEG Ratio NWS : 0.39 NWSA : 0.08
PS Ratio NWS : 1.95 NWSA : 1.66
PB Ratio NWS : 1.97 NWSA : 1.73
Total Revenue (TTM) NWS : $8.80B NWSA : $9.03B
Gross Profit (TTM) NWS : $1.23B NWSA : $3.15B
EBITDA (TTM) NWS : $826.00M NWSA : $951.00M

Return for Risk

NWS vs. NWSA — Risk / Return Rank

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

NWS

NWS Risk / Return Rank: 28
NWS Sharpe Ratio Rank: 29
NWS Sortino Ratio Rank: 25
NWS Omega Ratio Rank: 25
NWS Calmar Ratio Rank: 31
NWS Martin Ratio Rank: 31

NWSA

NWSA Risk / Return Rank: 30
NWSA Sharpe Ratio Rank: 31
NWSA Sortino Ratio Rank: 26
NWSA Omega Ratio Rank: 26
NWSA Calmar Ratio Rank: 33
NWSA Martin Ratio Rank: 33

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.

NWS vs. NWSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for News Corporation (NWS) and News Corporation (NWSA). 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.

	NWS	NWSA	Difference
Sharpe ratio Return per unit of total volatility	-0.26	-0.22	-0.05
Sortino ratio Return per unit of downside risk	-0.20	-0.14	-0.06
Omega ratio Gain probability vs. loss probability	0.97	0.98	-0.01
Calmar ratio Return relative to maximum drawdown	-0.27	-0.21	-0.06
Martin ratio Return relative to average drawdown	-0.51	-0.40	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWS vs. NWSA - Sharpe Ratio Comparison

The current NWS Sharpe Ratio is -0.26, which is comparable to the NWSA Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of NWS and NWSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWS	NWSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-0.22	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.05	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.32	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.18	+0.04

Drawdowns

NWS vs. NWSA - Drawdown Comparison

The maximum NWS drawdown since its inception was -51.84%, roughly equal to the maximum NWSA drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for NWS and NWSA.

Drawdown Indicators

	NWS	NWSA	Difference
Max Drawdown Largest peak-to-trough decline	-51.84%	-51.91%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-26.84%	-27.81%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	-27.81%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-39.34%	-43.46%	+4.12%
Max Drawdown (10Y) Largest decline over 10 years	-51.84%	-50.63%	-1.21%
Current Drawdown Current decline from peak	-13.61%	-14.53%	+0.92%
Average Drawdown Average peak-to-trough decline	-16.22%	-18.29%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.07%	14.52%	-0.45%

Volatility

NWS vs. NWSA - Volatility Comparison

News Corporation (NWS) and News Corporation (NWSA) have volatilities of 7.84% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWS	NWSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.84%	7.74%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	17.71%	17.63%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	24.05%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.67%	27.18%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.65%	29.40%	+0.25%

Dividends

NWS vs. NWSA - Dividend Comparison

NWS's dividend yield for the trailing twelve months is around 0.66%, less than NWSA's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWS News Corporation	0.66%	0.67%	0.66%	0.78%	1.08%	0.89%	1.13%	1.38%	1.73%	1.20%	1.69%	0.72%
NWSA News Corporation	0.76%	0.77%	0.73%	0.81%	1.10%	0.90%	1.11%	1.41%	1.76%	1.23%	1.75%	0.75%

Financials

Frequently Asked Questions

Can I hold both NWS and NWSA in my portfolio?

With a correlation of 0.93, NWS and NWSA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NWS or NWSA?

NWS has higher volatility (7.84%) compared to NWSA (7.74%). In terms of maximum drawdown, NWS dropped -51.84% vs NWSA's -51.91%.

Which has better risk-adjusted returns?

NWSA currently has the higher Sharpe Ratio (-0.22 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.