SUIG vs SVRN: Correlation
How closely do Sui Group Holdings Limited (SUIG) and OceanPal Inc. (SVRN) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUIG and SVRN?
Across a 3-year window, the weekly returns of SUIG and SVRN correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.17) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.21, with an annualized covariance of -6396.3 %².
Within SUIG's tracked universe of 27 assets, SVRN comes in at #19 by 3-year correlation. The trailing year gives SVRN the advantage: -83.4% versus -72.2%, a 11.2-point spread.
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.
SUIG vs SVRN: side by side
| SUIG (Sui Group Holdings Limited) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -83.4% | -72.2% |
| 5-year return | -88.3% | -100.0% |
| Volatility (ann.) | 162.1% | 153.9% |
| Beta vs S&P 500 | 1.61 | 0.71 |
| Max drawdown (3Y) | -89.2% | -99.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SUIG | SVRN |
|---|---|---|
| 2022 | -75.1% | -99.4% |
| 2023 | +19.5% | -90.0% |
| 2024 | -20.3% | -48.0% |
| 2025 | -14.4% | -96.3% |
| 2026 | -38.3% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUIG and SVRN good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SUIG and SVRN?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.17 over the last year and -0.21 over 5 years.
Is SVRN a good diversifier for SUIG?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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: SUIG correlations · SVRN correlations
