MUA vs SUNS: Correlation
Blackrock MuniAssets Fund, Inc (MUA) 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 MUA and SUNS?
Across a 3-year window, the weekly returns of MUA and SUNS correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 292.8 %².
By 3-year correlation, SUNS places #7 of the 12 assets tracked against MUA. Their recent paths diverged sharply: over the last 12 months MUA outperformed by 23.4 percentage points (+0.3% for MUA against -23.1% for SUNS). Note the risk asymmetry: SUNS runs 2.7 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.
MUA vs SUNS: side by side
| MUA (Blackrock MuniAssets Fund, Inc) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +0.3% | -23.1% |
| 5-year return | -17.1% | n/a |
| Volatility (ann.) | 14.9% | 40.6% |
| Beta vs S&P 500 | 0.36 | 0.99 |
| Max drawdown (3Y) | -20.0% | -44.3% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 32.2 | 7.9 |
| Dividend yield | 6.67% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MUA | SUNS |
|---|---|---|
| 2022 | -22.4% | – |
| 2023 | +3.0% | – |
| 2024 | +10.5% | – |
| 2025 | +3.3% | -25.0% |
| 2026 | -3.0% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUA and SUNS good diversifiers for each other?
Reasonably. At 0.49, MUA and SUNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MUA and SUNS?
The MUA/SUNS correlation stands at 0.49 on a 3-year window (1 year: 0.41, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SUNS a good diversifier for MUA?
Reasonably. At 0.49, MUA and SUNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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.
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Related comparisons
Hubs: MUA correlations · SUNS correlations
