MPV vs SUNS: Correlation
Measured on weekly returns over the past three years, Barings Participation Investors (MPV) and Sunrise Realty Trust, Inc. (SUNS) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPV and SUNS?
On 3 years of weekly data the MPV/SUNS correlation comes out at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 285.1 %².
By 3-year correlation, SUNS places #6 of the 11 assets tracked against MPV. The trailing year gives MPV the advantage: -13.9% versus -23.1%, a 9.2-point spread. Risk is not evenly split, since SUNS carries 1.9 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.
MPV vs SUNS: side by side
| MPV (Barings Participation Investors) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | -13.9% | -23.1% |
| 5-year return | +72.3% | n/a |
| Volatility (ann.) | 21.0% | 40.6% |
| Beta vs S&P 500 | 0.27 | 0.99 |
| Max drawdown (3Y) | -20.8% | -44.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 13.1 | 7.9 |
| Dividend yield | 9.41% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPV | SUNS |
|---|---|---|
| 2022 | -10.7% | – |
| 2023 | +39.1% | – |
| 2024 | +20.5% | – |
| 2025 | +0.7% | -25.0% |
| 2026 | +4.0% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPV and SUNS good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MPV and SUNS?
The MPV/SUNS correlation stands at 0.31 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SUNS a good diversifier for MPV?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MPV correlations · SUNS correlations
