EIM vs SUNS: Correlation
Measured on weekly returns over the past three years, Eaton Vance Municipal Bond Fund (EIM) and Sunrise Realty Trust, Inc. (SUNS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIM and SUNS?
Across a 3-year window, the weekly returns of EIM and SUNS correlate at 0.48, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.48). Stretching to 5 years gives n/a, with an annualized covariance of 196.0 %².
Among the 11 assets we track against EIM, SUNS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EIM outperformed by 28.0 percentage points (+4.9% for EIM against -23.1% for SUNS). Risk is not evenly split, since SUNS carries 3.8 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.
EIM vs SUNS: side by side
| EIM (Eaton Vance Municipal Bond Fund) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | -23.1% |
| 5-year return | -9.2% | n/a |
| Volatility (ann.) | 10.8% | 40.6% |
| Beta vs S&P 500 | 0.25 | 0.99 |
| Max drawdown (3Y) | -11.6% | -44.3% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 42.0 | 7.9 |
| Dividend yield | 6.30% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIM | SUNS |
|---|---|---|
| 2022 | -19.8% | – |
| 2023 | +1.6% | – |
| 2024 | +8.2% | – |
| 2025 | -0.1% | -25.0% |
| 2026 | +3.6% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIM and SUNS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EIM and SUNS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is SUNS a good diversifier for EIM?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EIM correlations · SUNS correlations
