IBIO vs SUNS: Correlation
Measured on weekly returns over the past three years, iBio, Inc. (IBIO) and Sunrise Realty Trust, Inc. (SUNS) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBIO and SUNS?
Over the past 3 years, IBIO and SUNS moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1827.1 %².
By 3-year correlation, SUNS places #6 of the 13 assets tracked against IBIO. Their recent paths diverged sharply: over the last 12 months IBIO outperformed by 95.9 percentage points (+72.8% for IBIO against -23.1% for SUNS). One caveat on sizing: IBIO is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IBIO vs SUNS: side by side
| IBIO (iBio, Inc.) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +72.8% | -23.1% |
| 5-year return | -99.8% | n/a |
| Volatility (ann.) | 196.4% | 40.6% |
| Beta vs S&P 500 | 1.36 | 0.99 |
| Max drawdown (3Y) | -92.9% | -44.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 7.9 |
| Dividend yield | 0.00% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBIO | SUNS |
|---|---|---|
| 2022 | -96.8% | – |
| 2023 | -84.4% | – |
| 2024 | +78.8% | – |
| 2025 | -21.2% | -25.0% |
| 2026 | -27.5% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBIO and SUNS good diversifiers for each other?
Reasonably. At 0.39, IBIO and SUNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBIO and SUNS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.44 over the last year and n/a over 5 years.
Is SUNS a good diversifier for IBIO?
Reasonably. At 0.39, IBIO and SUNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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: IBIO correlations · SUNS correlations
