ICHR vs SUNE: Correlation
Ichor Holdings (ICHR) and SUNation Energy, Inc. (SUNE) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICHR and SUNE?
Across a 3-year window, the weekly returns of ICHR and SUNE correlate at 0.27, weak. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.27 over 3 years. Stretching to 5 years gives 0.19, with an annualized covariance of 3867.8 %².
SUNE is close to the least connected end of ICHR's tracked universe, ranking #9 of 12. The last year tells two different stories: ICHR led by 193.1 percentage points, +239.8% for ICHR against +46.7% for SUNE. Note the risk asymmetry: SUNE runs 2.5 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.
ICHR vs SUNE: side by side
| ICHR (Ichor Holdings) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | +239.8% | +46.7% |
| 5-year return | +32.8% | -100.0% |
| Volatility (ann.) | 75.0% | 189.9% |
| Beta vs S&P 500 | 2.32 | -0.81 |
| Max drawdown (3Y) | -69.1% | -100.0% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICHR | SUNE |
|---|---|---|
| 2022 | -41.7% | -75.7% |
| 2023 | +25.4% | -74.7% |
| 2024 | -4.2% | -99.4% |
| 2025 | -42.8% | -99.8% |
| 2026 | +220.6% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICHR and SUNE good diversifiers for each other?
Reasonably. At 0.27, ICHR and SUNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ICHR and SUNE?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.52 over the last year and 0.19 over 5 years.
Is SUNE a good diversifier for ICHR?
Reasonably. At 0.27, ICHR and SUNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ichr-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ichr-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICHR correlations · SUNE correlations
