AMRC vs RUN: Correlation
How closely do Ameresco, Inc. (AMRC) and Sunrun Inc. (RUN) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRC and RUN?
On 3 years of weekly data the AMRC/RUN correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 4150.3 %².
Few assets follow AMRC as closely as RUN, which ranks #3 of 18 tracked partners. The last year tells two different stories: AMRC led by 36.1 percentage points, -6.6% for AMRC against -42.7% for RUN.
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.
AMRC vs RUN: side by side
| AMRC (Ameresco, Inc.) | RUN (Sunrun Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -42.7% |
| 5-year return | -66.7% | -79.7% |
| Volatility (ann.) | 74.9% | 94.7% |
| Beta vs S&P 500 | 1.78 | 1.89 |
| Max drawdown (3Y) | -81.5% | -73.7% |
| Market cap | $1.2B | $2.2B |
| P/E (trailing) | 43.2 | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRC | RUN |
|---|---|---|
| 2022 | -29.8% | -30.0% |
| 2023 | -44.6% | -18.3% |
| 2024 | -25.9% | -52.9% |
| 2025 | +24.7% | +98.9% |
| 2026 | -21.8% | -50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRC and RUN good diversifiers for each other?
To a limited degree. At 0.59 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 AMRC and RUN?
The AMRC/RUN correlation stands at 0.59 on a 3-year window (1 year: 0.49, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is RUN a good diversifier for AMRC?
To a limited degree. At 0.59 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 0.59 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/amrc-vs-run.json
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[](https://www.pairbook.io/pair/amrc-vs-run/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMRC correlations · RUN correlations
