NWSA vs. SPY

Last updated Jun 23, 2026

NWSA (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, NWSA returned 9.54%/yr vs 15.70%/yr for SPY. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

NWSA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in News Corporation (NWSA) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWSA achieves a -5.39% return, which is significantly lower than SPY's 9.74% return. Over the past 10 years, NWSA has underperformed SPY with an annualized return of 9.54%, while SPY has yielded a comparatively higher 15.70% annualized return.

NWSA

• 1D: -2.65%
• 1M: -4.94%
• YTD: -5.39%
• 6M: -5.93%
• 1Y: -12.53%
• 3Y*: 10.34%
• 5Y*: 0.23%
• 10Y*: 9.54%

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

NWSA vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWSA News Corporation	-5.39%	-4.48%	13.03%	36.41%	-17.57%	25.20%	29.20%	26.42%	-28.99%	43.68%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between NWSA and SPY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jun 19, 2013	0.56

Over the past year, the correlation between NWSA and SPY has dropped to 0.31 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

NWSA vs. SPY — Risk / Return Rank

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

NWSA

NWSA Risk / Return Rank: 22
NWSA Sharpe Ratio Rank: 19
NWSA Sortino Ratio Rank: 19
NWSA Omega Ratio Rank: 19
NWSA Calmar Ratio Rank: 26
NWSA Martin Ratio Rank: 25

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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.

NWSA vs. SPY - Risk-Adjusted Trends Comparison

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

	NWSA	SPY	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.16	-2.67
Sortino ratio: Return per unit of downside risk	-0.57	2.91	-3.48
Omega ratio: Gain probability vs. loss probability	0.93	1.39	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.45	3.01	-3.46
Martin ratio: Return relative to average drawdown	-0.84	13.54	-14.38

NWSA vs. SPY - Sharpe Ratio Comparison

The current NWSA Sharpe Ratio is -0.51, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of NWSA and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NWSA vs. SPY - Drawdown Comparison

The maximum NWSA drawdown since its inception was -51.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NWSA and SPY.

Drawdown Indicators

	NWSA	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-51.91%	-55.19%	+3.28%
Max Drawdown (1Y) Largest decline over 1 year	-27.81%	-8.88%	-18.93%
Max Drawdown (3Y) Largest decline over 3 years	-27.81%	-18.76%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-24.50%	-17.44%
Max Drawdown (10Y) Largest decline over 10 years	-50.63%	-33.72%	-16.91%
Current Drawdown Current decline from peak	-20.36%	-1.75%	-18.61%
Average Drawdown Average peak-to-trough decline	-18.27%	-9.04%	-9.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.93%	1.97%	+12.96%

Volatility

NWSA vs. SPY - Volatility Comparison

News Corporation (NWSA) has a higher volatility of 8.10% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that NWSA'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.

Volatility by Period

	NWSA	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	4.64%	+3.46%
Volatility (6M) Calculated over the trailing 6-month period	18.59%	9.75%	+8.84%
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	12.43%	+12.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.24%	17.14%	+10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	17.99%	+11.44%

Dividends

NWSA vs. SPY - Dividend Comparison

NWSA's dividend yield for the trailing twelve months is around 0.81%, less than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NWSA News Corporation	0.81%	0.77%	0.73%	0.81%	1.10%	0.90%	1.11%	1.41%	1.76%	1.23%	1.75%	0.75%
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

Can I hold both NWSA and SPY in my portfolio?

NWSA and SPY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWSA or SPY?

NWSA has higher volatility (8.10%) compared to SPY (4.64%). In terms of maximum drawdown, NWSA dropped -51.91% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs -0.51), 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.