SUNE vs WTW: Correlation
How closely do SUNation Energy, Inc. (SUNE) and Willis Towers Watson (WTW) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUNE and WTW?
On 3 years of weekly data the SUNE/WTW correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -1115.2 %².
WTW is close to the least connected end of SUNE's tracked universe, ranking #15 of 18. Their recent paths diverged sharply: over the last 12 months SUNE outperformed by 42.5 percentage points (+46.7% for SUNE against +4.2% for WTW). Risk is not evenly split, since SUNE carries 8.1 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 WTW: side by side
| SUNE (SUNation Energy, Inc.) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | +46.7% | +4.2% |
| 5-year return | -100.0% | +68.3% |
| Volatility (ann.) | 189.9% | 23.5% |
| Beta vs S&P 500 | -0.81 | 0.32 |
| Max drawdown (3Y) | -100.0% | -30.4% |
| Market cap | – | $31.5B |
| P/E (trailing) | 1.1 | 21.2 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | SUNE | WTW |
|---|---|---|
| 2022 | -75.7% | +4.5% |
| 2023 | -74.7% | +0.1% |
| 2024 | -99.4% | +31.5% |
| 2025 | -99.8% | +6.1% |
| 2026 | +113.6% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUNE and WTW good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between SUNE and WTW?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.33 over the last year and -0.10 over 5 years.
Is WTW a good diversifier for SUNE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sune-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sune-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SUNE correlations · WTW correlations
