QXL vs SUNS: Correlation
How closely do Quantum X Labs Inc. (QXL) and Sunrise Realty Trust, Inc. (SUNS) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QXL and SUNS?
On 3 years of weekly data the QXL/SUNS correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.13) runs above the 3-year figure (-0.39). The 5-year figure is n/a, and annualized covariance runs at -12105.9 %².
Among the 21 assets we track against QXL, SUNS sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months QXL outperformed by 76.7 percentage points (+53.6% for QXL against -23.1% for SUNS). One caveat on sizing: QXL is 17.8 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.
QXL vs SUNS: side by side
| QXL (Quantum X Labs Inc.) | SUNS (Sunrise Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +53.6% | -23.1% |
| 5-year return | +14.0% | n/a |
| Volatility (ann.) | 724.3% | 40.6% |
| Beta vs S&P 500 | -2.23 | 0.99 |
| Max drawdown (3Y) | -96.2% | -44.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 13.4 | 7.9 |
| Dividend yield | 0.00% | 15.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | QXL | SUNS |
|---|---|---|
| 2022 | -78.8% | – |
| 2023 | -80.2% | – |
| 2024 | +1032.7% | – |
| 2025 | -70.1% | -25.0% |
| 2026 | +207.2% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QXL and SUNS good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QXL and SUNS?
As of 2026-08-27, the correlation of weekly returns between QXL and SUNS is -0.39 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is SUNS a good diversifier for QXL?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
A reading of -0.39 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: QXL correlations · SUNS correlations
