SUNS vs VXZ: Correlation
Measured on weekly returns over the past three years, Sunrise Realty Trust, Inc. (SUNS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUNS and VXZ?
On 3 years of weekly data the SUNS/VXZ correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.40 over 3. The 5-year figure is n/a, and annualized covariance runs at -426.7 %².
Among the 19 assets we track against SUNS, VXZ sits near the bottom by co-movement, at rank #19. On 12-month performance VXZ holds a 7.0-point edge, -23.1% against -16.1%. Note the risk asymmetry: SUNS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SUNS vs VXZ: side by side
| SUNS (Sunrise Realty Trust, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.1% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 40.6% | 25.6% |
| Beta vs S&P 500 | 0.99 | -1.31 |
| Max drawdown (3Y) | -44.3% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 7.9 | – |
| Dividend yield | 15.89% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SUNS | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | -25.0% | +5.7% |
| 2026 | -13.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUNS and VXZ good diversifiers for each other?
Yes. With a correlation of -0.40, SUNS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SUNS and VXZ?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is VXZ a good diversifier for SUNS?
Yes. With a correlation of -0.40, SUNS and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/suns-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/suns-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SUNS correlations · VXZ correlations
