GOOD vs SUNS: Correlation
Gl (GOOD) and Sunrise Realty Trust, Inc. (SUNS) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOD and SUNS?
Across a 3-year window, the weekly returns of GOOD and SUNS correlate at 0.49, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 433.0 %².
Among the 16 assets we track against GOOD, SUNS ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOD outperformed by 31.3 percentage points (+8.2% for GOOD against -23.1% for SUNS). Risk is not evenly split, since SUNS carries 1.8 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.
GOOD vs SUNS: side by side
| GOOD (Gl) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | -23.1% |
| 5-year return | -11.7% | n/a |
| Volatility (ann.) | 22.3% | 40.6% |
| Beta vs S&P 500 | 0.67 | 0.99 |
| Max drawdown (3Y) | -35.3% | -44.3% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 51.9 | 7.9 |
| Dividend yield | 9.22% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOOD | SUNS |
|---|---|---|
| 2022 | -22.5% | – |
| 2023 | -21.6% | – |
| 2024 | +33.3% | – |
| 2025 | -28.1% | -25.0% |
| 2026 | +29.9% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD 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 GOOD and SUNS?
As of 2026-08-27, the correlation of weekly returns between GOOD and SUNS is 0.49 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is SUNS a good diversifier for GOOD?
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?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GOOD correlations · SUNS correlations
