MA vs SUNE: Correlation
How closely do Mastercard (MA) and SUNation Energy, Inc. (SUNE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MA and SUNE?
Across a 3-year window, the weekly returns of MA and SUNE correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.04, with an annualized covariance of -760.5 %².
Among the 46 assets we track against MA, SUNE ranks #40 by 3-year correlation. The last year tells two different stories: SUNE led by 45.9 percentage points, +0.8% for MA against +46.7% for SUNE. Risk is not evenly split, since SUNE carries 9.8 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.
MA vs SUNE: side by side
| MA (Mastercard) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | +0.8% | +46.7% |
| 5-year return | +72.6% | -100.0% |
| Volatility (ann.) | 19.3% | 189.9% |
| Beta vs S&P 500 | 0.77 | -0.81 |
| Max drawdown (3Y) | -20.9% | -100.0% |
| Market cap | $518.4B | – |
| P/E (trailing) | 32.9 | 1.1 |
| Dividend yield | 0.56% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MA | SUNE |
|---|---|---|
| 2022 | -2.7% | -75.7% |
| 2023 | +23.4% | -74.7% |
| 2024 | +24.2% | -99.4% |
| 2025 | +9.0% | -99.8% |
| 2026 | +4.2% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MA and SUNE good diversifiers for each other?
Yes. With a correlation of -0.21, MA and SUNE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MA and SUNE?
The MA/SUNE correlation stands at -0.21 on a 3-year window (1 year: -0.30, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is SUNE a good diversifier for MA?
Yes. With a correlation of -0.21, MA and SUNE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/ma-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ma-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MA correlations · SUNE correlations
