MSC vs. FXAIX

Last updated Jun 26, 2026

MSC (Studio City International Holdings Limited) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, MSC returned -29.62%/yr vs 13.05%/yr for FXAIX. At a 0.08 correlation, their price movements are largely independent.

Performance

MSC vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Studio City International Holdings Limited (MSC) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSC achieves a -44.65% return, which is significantly lower than FXAIX's 8.11% return.

MSC

• 1D: 1.81%
• 1M: -15.67%
• YTD: -44.65%
• 6M: -31.77%
• 1Y: -35.99%
• 3Y*: -34.49%
• 5Y*: -29.62%
• 10Y*: —

FXAIX

• 1D: -0.10%
• 1M: -2.04%
• YTD: 8.11%
• 6M: 6.78%
• 1Y: 22.23%
• 3Y*: 20.77%
• 5Y*: 13.05%
• 10Y*: 15.62%

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

MSC vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MSC Studio City International Holdings Limited	-44.65%	-37.17%	-12.81%	8.72%	11.82%	-55.10%	-39.90%	18.12%	1.33%
FXAIX Fidelity 500 Index Fund	8.11%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-10.39%

Correlation

The correlation between MSC and FXAIX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 18, 2018	0.08

The correlation between MSC and FXAIX shifts across timeframes, from -0.07 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MSC vs. FXAIX — Risk / Return Rank

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

MSC

MSC Risk / Return Rank: 29
MSC Sharpe Ratio Rank: 29
MSC Sortino Ratio Rank: 35
MSC Omega Ratio Rank: 35
MSC Calmar Ratio Rank: 23
MSC Martin Ratio Rank: 23

FXAIX

FXAIX Risk / Return Rank: 55
FXAIX Sharpe Ratio Rank: 52
FXAIX Sortino Ratio Rank: 48
FXAIX Omega Ratio Rank: 50
FXAIX Calmar Ratio Rank: 56
FXAIX Martin Ratio Rank: 68

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.

MSC vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Studio City International Holdings Limited (MSC) and Fidelity 500 Index Fund (FXAIX). 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.

	MSC	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	1.79	-2.13
Sortino ratio: Return per unit of downside risk	0.12	2.45	-2.33
Omega ratio: Gain probability vs. loss probability	1.01	1.32	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.58	2.51	-3.09
Martin ratio: Return relative to average drawdown	-0.99	11.22	-12.21

MSC vs. FXAIX - Sharpe Ratio Comparison

The current MSC Sharpe Ratio is -0.34, which is lower than the FXAIX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of MSC and FXAIX, 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

MSC vs. FXAIX - Drawdown Comparison

The maximum MSC drawdown since its inception was -93.96%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MSC and FXAIX.

Drawdown Indicators

	MSC	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.96%	-33.79%	-60.17%
Max Drawdown (1Y) Largest decline over 1 year	-62.75%	-8.89%	-53.86%
Max Drawdown (3Y) Largest decline over 3 years	-78.33%	-18.76%	-59.57%
Max Drawdown (5Y) Largest decline over 5 years	-88.11%	-24.50%	-63.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-92.29%	-3.22%	-89.07%
Average Drawdown Average peak-to-trough decline	-63.39%	-3.79%	-59.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.26%	1.99%	+34.27%

Volatility

MSC vs. FXAIX - Volatility Comparison

Studio City International Holdings Limited (MSC) has a higher volatility of 22.59% compared to Fidelity 500 Index Fund (FXAIX) at 4.88%. This indicates that MSC's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSC	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.59%	4.88%	+17.71%
Volatility (6M) Calculated over the trailing 6-month period	67.69%	9.90%	+57.79%
Volatility (1Y) Calculated over the trailing 1-year period	105.87%	12.54%	+93.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.61%	17.02%	+81.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.17%	18.08%	+69.09%

Dividends

MSC vs. FXAIX - Dividend Comparison

MSC has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.06%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
MSC Studio City International Holdings Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSC and FXAIX in my portfolio?

MSC and FXAIX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSC or FXAIX?

MSC has higher volatility (22.59%) compared to FXAIX (4.88%). In terms of maximum drawdown, MSC dropped -93.96% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (1.79 vs -0.34), 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.