SUI / EEM
Sui and iShares MSCI Emerging Markets ETF correlation is 0.23 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
The 30-close correlation is 0.45 against 0.23 over 90 closes. The pair tightened. Crypto trades on weekends and these ETFs do not. This correlation keeps only dates both sides printed a close, so it is not comparable to a crypto-to-crypto page.
SUI 90-close vol is 86.5%. EEM is 25.8%. A 50/50 book of the two annualized vols would have realized about 47.9%, against 56.2% if you averaged the two vols with no diversification.
FAQ
0.23 over 90 days both markets printed a close, ending 2026-10-23. The link is real and loose. A hedge helps, it does not cancel the book.
The 30-close correlation is 0.45 against 0.23 over 90 closes. The pair tightened.
Using the 90-close vols and this correlation, a 50/50 book would have realized about 47.9%. Compare that with holding either name alone.
This print uses days both markets printed a close and log-return correlation on the aligned window. A site that uses weekly returns, a different session calendar, or a longer sample will not match it. The method is on this page.
Sui volatility
90-close vol 86.5%.
iShares MSCI Emerging Markets ETF volatility
90-close vol 25.8%.
Correlation matrix
The full book, not just this pair.
Risk parity optimizer
Weights that stop the higher-vol name from owning the book.
Diversification ratio
How much of the standalone vol a mix actually cancels.
BTC and SUI
Another pair in the same universe.
ETH and SUI
Another pair in the same universe.
SOL and SUI
Another pair in the same universe.
XRP and SUI
Another pair in the same universe.
This page is the market path. Thrive is the book you actually held, so you can see whether the hedge was real.