GJP vs SUNS: Correlation
Synthetic Fixed-Income Securities, Inc. on behalf of STRATS (GJP) and Sunrise Realty Trust, Inc. (SUNS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJP and SUNS?
Across a 3-year window, the weekly returns of GJP and SUNS correlate at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 133.0 %².
SUNS is one of the assets that tracks GJP most closely: it ranks #3 out of the 11 assets we track against GJP. Their recent paths diverged sharply: over the last 12 months GJP outperformed by 28.7 percentage points (+5.6% for GJP against -23.1% for SUNS). Risk is not evenly split, since SUNS carries 3.9 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.
GJP vs SUNS: side by side
| GJP (Synthetic Fixed-Income Securities, Inc. on behalf of STRATS) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | -23.1% |
| 5-year return | +30.4% | n/a |
| Volatility (ann.) | 10.3% | 40.6% |
| Beta vs S&P 500 | 0.13 | 0.99 |
| Max drawdown (3Y) | -5.8% | -44.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 7.9 |
| Dividend yield | – | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJP | SUNS |
|---|---|---|
| 2022 | +4.2% | – |
| 2023 | +7.1% | – |
| 2024 | +7.2% | – |
| 2025 | +5.2% | -25.0% |
| 2026 | +2.9% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJP and SUNS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GJP and SUNS?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is SUNS a good diversifier for GJP?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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: GJP correlations · SUNS correlations
