SUNE vs V: Correlation
How closely do SUNation Energy, Inc. (SUNE) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUNE and V?
Across a 3-year window, the weekly returns of SUNE and V correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.05, with an annualized covariance of -772.6 %².
V is close to the least connected end of SUNE's tracked universe, ranking #14 of 18. Their recent paths diverged sharply: over the last 12 months SUNE outperformed by 37.5 percentage points (+46.7% for SUNE against +9.2% for V). Risk is not evenly split, since SUNE carries 9.9 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.
SUNE vs V: side by side
| SUNE (SUNation Energy, Inc.) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +46.7% | +9.2% |
| 5-year return | -100.0% | +70.5% |
| Volatility (ann.) | 189.9% | 19.1% |
| Beta vs S&P 500 | -0.81 | 0.72 |
| Max drawdown (3Y) | -100.0% | -20.4% |
| Market cap | – | $708.8B |
| P/E (trailing) | 1.1 | 32.7 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | SUNE | V |
|---|---|---|
| 2022 | -75.7% | -3.4% |
| 2023 | -74.7% | +26.3% |
| 2024 | -99.4% | +22.3% |
| 2025 | -99.8% | +11.8% |
| 2026 | +113.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUNE and V good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SUNE and V?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.31 over the last year and -0.05 over 5 years.
Is V a good diversifier for SUNE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: SUNE correlations · V correlations
