COST vs SSP: Correlation
How closely do Costco (COST) and E.W. Scripps Company (The) (SSP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COST and SSP?
Over the past 3 years, COST and SSP moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -531.9 %².
Out of 33 assets tracked against COST, SSP lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months SSP outperformed by 38.3 percentage points (-1.0% for COST against +37.3% for SSP). Risk is not evenly split, since SSP carries 5.4 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COST vs SSP: side by side
| COST (Costco) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | -1.0% | +37.3% |
| 5-year return | +116.3% | -77.0% |
| Volatility (ann.) | 19.8% | 107.0% |
| Beta vs S&P 500 | 0.45 | 0.27 |
| Max drawdown (3Y) | -20.7% | -84.5% |
| Market cap | $414.5B | $0.3B |
| P/E (trailing) | 48.1 | – |
| Dividend yield | 0.56% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | COST | SSP |
|---|---|---|
| 2022 | -19.0% | -31.8% |
| 2023 | +49.0% | -39.4% |
| 2024 | +39.6% | -72.3% |
| 2025 | -5.4% | +140.1% |
| 2026 | +8.9% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COST and SSP good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COST and SSP?
As of 2026-08-27, the correlation of weekly returns between COST and SSP is -0.25 over 3 years, -0.18 over 1 year and -0.10 over 5 years.
Is SSP a good diversifier for COST?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cost-vs-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cost-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COST correlations · SSP correlations
