BTZ vs SUNS: Correlation
Measured on weekly returns over the past three years, BlackRock Credit Allocation Income Trust (BTZ) and Sunrise Realty Trust, Inc. (SUNS) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTZ and SUNS?
Across a 3-year window, the weekly returns of BTZ and SUNS correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 207.6 %².
SUNS is close to the least connected end of BTZ's tracked universe, ranking #21 of 25. Their recent paths diverged sharply: over the last 12 months BTZ outperformed by 24.7 percentage points (+1.6% for BTZ against -23.1% for SUNS). Note the risk asymmetry: SUNS runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTZ vs SUNS: side by side
| BTZ (BlackRock Credit Allocation Income Trust) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -23.1% |
| 5-year return | +5.4% | n/a |
| Volatility (ann.) | 11.5% | 40.6% |
| Beta vs S&P 500 | 0.44 | 0.99 |
| Max drawdown (3Y) | -9.3% | -44.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.2 | 7.9 |
| Dividend yield | 0.00% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTZ | SUNS |
|---|---|---|
| 2022 | -27.1% | – |
| 2023 | +12.8% | – |
| 2024 | +11.3% | – |
| 2025 | +13.7% | -25.0% |
| 2026 | +0.1% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTZ and SUNS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTZ and SUNS?
As of 2026-08-27, the correlation of weekly returns between BTZ and SUNS is 0.49 over 3 years, 0.37 over 1 year and n/a over 5 years.
Is SUNS a good diversifier for BTZ?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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.
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Related comparisons
Hubs: BTZ correlations · SUNS correlations
