SSP vs. FXAIX

Last updated Jun 23, 2026

SSP (The E.W. Scripps Company) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SSP returned -15.71%/yr vs 15.58%/yr for FXAIX. At a 0.43 correlation, their price movements are largely independent.

Performance

SSP vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The E.W. Scripps Company (SSP) 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, SSP achieves a -29.32% return, which is significantly lower than FXAIX's 10.19% return. Over the past 10 years, SSP has underperformed FXAIX with an annualized return of -15.71%, while FXAIX has yielded a comparatively higher 15.58% annualized return.

SSP

• 1D: 2.55%
• 1M: -17.54%
• YTD: -29.32%
• 6M: -30.54%
• 1Y: -9.62%
• 3Y*: -29.00%
• 5Y*: -32.49%
• 10Y*: -15.71%

FXAIX

• 1D: 1.09%
• 1M: 0.47%
• YTD: 10.19%
• 6M: 9.68%
• 1Y: 27.18%
• 3Y*: 20.98%
• 5Y*: 14.10%
• 10Y*: 15.58%

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

SSP vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSP The E.W. Scripps Company	-29.32%	80.54%	-72.34%	-39.42%	-31.83%	26.55%	-0.66%	1.12%	1.97%	-19.14%
FXAIX Fidelity 500 Index Fund	10.19%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between SSP and FXAIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 4, 2011	0.43

The correlation between SSP and FXAIX shifts across timeframes, from 0.24 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SSP vs. FXAIX — Risk / Return Rank

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

SSP

SSP Risk / Return Rank: 39
SSP Sharpe Ratio Rank: 38
SSP Sortino Ratio Rank: 42
SSP Omega Ratio Rank: 41
SSP Calmar Ratio Rank: 36
SSP Martin Ratio Rank: 36

FXAIX

FXAIX Risk / Return Rank: 66
FXAIX Sharpe Ratio Rank: 64
FXAIX Sortino Ratio Rank: 59
FXAIX Omega Ratio Rank: 61
FXAIX Calmar Ratio Rank: 68
FXAIX Martin Ratio Rank: 79

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.

SSP vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The E.W. Scripps Company (SSP) 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.

	SSP	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	2.17	-2.28
Sortino ratio: Return per unit of downside risk	0.47	2.93	-2.46
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.19	3.04	-3.23
Martin ratio: Return relative to average drawdown	-0.35	13.75	-14.10

SSP vs. FXAIX - Sharpe Ratio Comparison

The current SSP Sharpe Ratio is -0.11, which is lower than the FXAIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SSP 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

SSP vs. FXAIX - Drawdown Comparison

The maximum SSP drawdown since its inception was -96.38%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SSP and FXAIX.

Drawdown Indicators

	SSP	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.38%	-33.79%	-62.59%
Max Drawdown (1Y) Largest decline over 1 year	-50.60%	-8.89%	-41.71%
Max Drawdown (3Y) Largest decline over 3 years	-86.97%	-18.76%	-68.21%
Max Drawdown (5Y) Largest decline over 5 years	-94.00%	-24.50%	-69.50%
Max Drawdown (10Y) Largest decline over 10 years	-94.20%	-33.79%	-60.41%
Current Drawdown Current decline from peak	-89.23%	-1.36%	-87.87%
Average Drawdown Average peak-to-trough decline	-29.66%	-3.79%	-25.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.29%	1.96%	+25.33%

Volatility

SSP vs. FXAIX - Volatility Comparison

The E.W. Scripps Company (SSP) has a higher volatility of 17.23% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that SSP'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

	SSP	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.23%	4.77%	+12.46%
Volatility (6M) Calculated over the trailing 6-month period	49.70%	9.91%	+39.79%
Volatility (1Y) Calculated over the trailing 1-year period	84.71%	12.47%	+72.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.83%	17.01%	+65.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.99%	18.11%	+51.88%

Dividends

SSP vs. FXAIX - Dividend Comparison

SSP has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	1.04%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
SSP The E.W. Scripps Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	1.27%	1.27%	0.00%	0.00%	5.42%

Frequently Asked Questions

Can I hold both SSP and FXAIX in my portfolio?

SSP and FXAIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSP or FXAIX?

SSP has higher volatility (17.23%) compared to FXAIX (4.77%). In terms of maximum drawdown, SSP dropped -96.38% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.17 vs -0.11), 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.