SUI / HYG
Sui and iShares iBoxx High Yield Corporate Bond ETF correlation 0.01
Sui and iShares iBoxx High Yield Corporate Bond ETF correlation is 0.01 over 90 days both markets printed a close, ending 2026-10-23. In this window they barely share a move.
- 90-close correlation
- 0.01
- 30-close correlation
- 0.06
- Observations
- 90
- As of
- 2026-10-23
- SUI vol
- 86.5%
- HYG vol
- 3.6%
- Calendar
- days both markets printed a close
- 30-close count
- 30
The 30-close correlation is 0.06, close to the 90-close print of 0.01. 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%. HYG is 3.6%. A 50/50 book of the two annualized vols would have realized about 43.3%, against 45.1% if you averaged the two vols with no diversification.
How to read this print
- Read the 90-close correlation for SUI and HYG.
- Compare it with the 30-close print to see if the pair tightened or broke.
- Use the two realized vols to judge whether a 50/50 mix actually diversifies.
- Open the correlation matrix if you want the whole book, not one pair.
FAQ
People also ask
0.01 over 90 days both markets printed a close, ending 2026-10-23. In this window they barely share a move.
The 30-close correlation is 0.06, close to the 90-close print of 0.01.
Using the 90-close vols and this correlation, a 50/50 book would have realized about 43.3%. 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.
Related
Sui volatility
90-close vol 86.5%.
iShares iBoxx High Yield Corporate Bond ETF volatility
90-close vol 3.6%.
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.
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SOL and SUI
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XRP and SUI
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A correlation is not a hedge until you hold both.
This page is the market path. Thrive is the book you actually held, so you can see whether the hedge was real.