OXBR vs SUNE: Correlation
Oxbridge Re Holdings Limited (OXBR) and SUNation Energy, Inc. (SUNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXBR and SUNE?
Across a 3-year window, the weekly returns of OXBR and SUNE correlate at 0.31, moderate. The past 12 months show a tighter link (0.44) than the 3-year average (0.31). Stretching to 5 years gives 0.16, with an annualized covariance of 5275.5 %².
By 3-year correlation, SUNE places #4 of the 11 assets tracked against OXBR. Correlation aside, the last 12 months split them widely, with SUNE ahead by 87.1 points (-40.4% versus +46.7%). One caveat on sizing: SUNE is 2.2 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.
OXBR vs SUNE: side by side
| OXBR (Oxbridge Re Holdings Limited) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | -40.4% | +46.7% |
| 5-year return | -58.6% | -100.0% |
| Volatility (ann.) | 88.3% | 189.9% |
| Beta vs S&P 500 | 1.20 | -0.81 |
| Max drawdown (3Y) | -87.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 63.5 | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXBR | SUNE |
|---|---|---|
| 2022 | -78.6% | -75.7% |
| 2023 | -8.3% | -74.7% |
| 2024 | +274.6% | -99.4% |
| 2025 | -68.0% | -99.8% |
| 2026 | -3.8% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXBR and SUNE 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 OXBR and SUNE?
As of 2026-08-27, the correlation of weekly returns between OXBR and SUNE is 0.31 over 3 years, 0.44 over 1 year and 0.16 over 5 years.
Is SUNE a good diversifier for OXBR?
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?
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/oxbr-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oxbr-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OXBR correlations · SUNE correlations
