SBGI vs SSP: Correlation
Measured on weekly returns over the past three years, Sinclair, Inc. (SBGI) and E.W. Scripps Company (The) (SSP) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBGI and SSP?
Across a 3-year window, the weekly returns of SBGI and SSP correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 3497.5 %².
In SBGI's tracked universe of 11 assets, SSP sits right near the top at #3. Correlation aside, the last 12 months split them widely, with SSP ahead by 34.1 points (+3.2% versus +37.3%). Risk is not evenly split, since SSP carries 1.9 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.
SBGI vs SSP: side by side
| SBGI (Sinclair, Inc.) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | +3.2% | +37.3% |
| 5-year return | -37.1% | -77.0% |
| Volatility (ann.) | 57.6% | 107.0% |
| Beta vs S&P 500 | 0.91 | 0.27 |
| Max drawdown (3Y) | -33.1% | -84.5% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 6.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBGI | SSP |
|---|---|---|
| 2022 | -38.7% | -31.8% |
| 2023 | -9.8% | -39.4% |
| 2024 | +32.6% | -72.3% |
| 2025 | +1.5% | +140.1% |
| 2026 | -5.1% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBGI and SSP good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SBGI and SSP?
As of 2026-08-27, the correlation of weekly returns between SBGI and SSP is 0.57 over 3 years, 0.48 over 1 year and 0.57 over 5 years.
Is SSP a good diversifier for SBGI?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbgi-vs-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbgi-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBGI correlations · SSP correlations
