NWS vs. SPY
NWS (News Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NWS returned 10.31%/yr vs 15.07%/yr for SPY. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
NWS vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, NWS achieves a 5.92% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, NWS has underperformed SPY with an annualized return of 10.31%, while SPY has yielded a comparatively higher 15.07% annualized return.
NWS
- 1D
- -1.67%
- 1M
- 3.65%
- 6M
- 0.92%
- YTD
- 5.92%
- 1Y
- -5.32%
- 3Y*
- 16.68%
- 5Y*
- 6.79%
- 10Y*
- 10.31%
- ALL TIME*
- 6.70%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.97M | $35.22M | $47.61M | |
| $37.27B | $35.99B | $39.23B |
NWS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWS News Corporation | 5.92% | -2.01% | 19.18% | 41.02% | -17.20% | 27.73% | 24.46% | 27.44% | -29.47% | 42.83% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between NWS and SPY is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2013 | 0.54 |
Over the past year, the correlation between NWS and SPY has dropped to 0.19 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
NWS vs. SPY — Risk / Return Rank
NWS
SPY
NWS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for News Corporation (NWS) and State Street SPDR S&P 500 ETF (SPY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NWS | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.20 | -2.42 |
| Martin ratioReturn relative to average drawdown | -0.39 | 9.40 | -9.79 |
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Drawdowns
NWS vs. SPY - Drawdown Comparison
The maximum NWS drawdown since its inception was -51.84%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NWS and SPY.
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Drawdown Indicators
| NWS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.84% | -55.19% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -26.84% | -8.88% | -17.96% |
Max Drawdown (3Y)Largest decline over 3 years | -26.84% | -18.76% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.90% | -24.50% | -12.40% |
Max Drawdown (10Y)Largest decline over 10 years | -51.84% | -33.72% | -18.12% |
Current DrawdownCurrent decline from peak | -10.49% | -1.40% | -9.09% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -9.01% | -7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 2.08% | +12.99% |
Volatility
NWS vs. SPY - Volatility Comparison
News Corporation (NWS) has a higher volatility of 10.01% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that NWS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 3.58% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 21.51% | 10.14% | +11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.04% | 12.89% | +14.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.98% | 17.18% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 17.95% | +11.74% |
Dividends
NWS vs. SPY - Dividend Comparison
NWS's dividend yield for the trailing twelve months is around 0.64%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWS News Corporation | 0.64% | 0.67% | 0.66% | 0.78% | 1.08% | 0.89% | 1.13% | 1.38% | 1.73% | 1.20% | 1.69% | 0.72% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
NWS and SPY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWS has higher volatility (10.01%) compared to SPY (3.58%). In terms of maximum drawdown, NWS dropped -51.84% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.22), 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.
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