SUNE vs ZNB: Correlation
SUNation Energy, Inc. (SUNE) and Zeta Network Group - Class A (ZNB) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUNE and ZNB?
Across a 3-year window, the weekly returns of SUNE and ZNB correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.29). Stretching to 5 years gives -0.12, with an annualized covariance of -9073.8 %².
Among the 18 assets we track against SUNE, ZNB sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months SUNE outperformed by 146.6 percentage points (+46.7% for SUNE against -99.9% for ZNB).
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 ZNB: side by side
| SUNE (SUNation Energy, Inc.) | ZNB (Zeta Network Group - Class A) | |
|---|---|---|
| 1-year return | +46.7% | -99.9% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 189.9% | 165.3% |
| Beta vs S&P 500 | -0.81 | 2.26 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 1.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SUNE | ZNB |
|---|---|---|
| 2022 | -75.7% | -95.4% |
| 2023 | -74.7% | -59.3% |
| 2024 | -99.4% | -93.6% |
| 2025 | -99.8% | -99.0% |
| 2026 | +113.6% | -99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUNE and ZNB good diversifiers for each other?
Yes. With a correlation of -0.29, SUNE and ZNB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SUNE and ZNB?
The SUNE/ZNB correlation stands at -0.29 on a 3-year window (1 year: -0.47, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is ZNB a good diversifier for SUNE?
Yes. With a correlation of -0.29, SUNE and ZNB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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: SUNE correlations · ZNB correlations
