CAR-UN.TO vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and S&P 500 Index (^GSPC).

Performance

CAR-UN.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

CAR-UN.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAR-UN.TO Canadian Apartment Properties Real Estate Investment Trust	-1.11%	-10.17%	-6.48%	19.26%	-26.56%	22.96%	-2.97%	22.93%	22.52%	23.53%
^GSPC S&P 500 Index	-2.73%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

Different Trading Currencies

CAR-UN.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAR-UN.TO achieves a -1.11% return, which is significantly higher than ^GSPC's -3.34% return. Over the past 10 years, CAR-UN.TO has underperformed ^GSPC with an annualized return of 6.10%, while ^GSPC has yielded a comparatively higher 12.91% annualized return.

CAR-UN.TO

• 1D: 1.61%
• 1M: -4.50%
• YTD: -1.11%
• 6M: -9.08%
• 1Y: -12.23%
• 3Y*: -3.99%
• 5Y*: -3.88%
• 10Y*: 6.10%

^GSPC

• 1D: 0.00%
• 1M: -3.51%
• YTD: -3.34%
• 6M: -2.91%
• 1Y: 12.69%
• 3Y*: 17.80%
• 5Y*: 12.48%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CAR-UN.TO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAR-UN.TO

CAR-UN.TO Risk / Return Rank: 17
CAR-UN.TO Sharpe Ratio Rank: 14
CAR-UN.TO Sortino Ratio Rank: 14
CAR-UN.TO Omega Ratio Rank: 15
CAR-UN.TO Calmar Ratio Rank: 20
CAR-UN.TO Martin Ratio Rank: 22

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAR-UN.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CAR-UN.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.63	0.70	-1.33
Sortino ratio Return per unit of downside risk	-0.78	1.07	-1.86
Omega ratio Gain probability vs. loss probability	0.91	1.17	-0.26
Calmar ratio Return relative to maximum drawdown	-0.61	1.04	-1.65
Martin ratio Return relative to average drawdown	-1.06	3.82	-4.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAR-UN.TO vs. ^GSPC - Sharpe Ratio Comparison

The current CAR-UN.TO Sharpe Ratio is -0.63, which is lower than the ^GSPC Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of CAR-UN.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CAR-UN.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	0.70	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.84	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.79	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.91	-0.56

Correlation

The correlation between CAR-UN.TO and ^GSPC is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

CAR-UN.TO vs. ^GSPC - Drawdown Comparison

The maximum CAR-UN.TO drawdown since its inception was -65.08%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CAR-UN.TO and ^GSPC.

Drawdown Indicators

	CAR-UN.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-65.08%	-56.78%	-8.30%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-12.14%	-9.23%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-25.43%	-9.52%
Max Drawdown (10Y) Largest decline over 10 years	-38.20%	-33.92%	-4.28%
Current Drawdown Current decline from peak	-29.84%	-5.78%	-24.06%
Average Drawdown Average peak-to-trough decline	-9.17%	-10.75%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.34%	2.60%	+9.74%

Volatility

CAR-UN.TO vs. ^GSPC - Volatility Comparison

The current volatility for Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) is 4.49%, while S&P 500 Index (^GSPC) has a volatility of 5.22%. This indicates that CAR-UN.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAR-UN.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	5.22%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	9.60%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.57%	18.11%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.04%	14.99%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	16.33%	+4.70%