HR-UN.TO vs. SRU-UN.TO
HR-UN.TO (H&R Real Estate Investment Trust) and SRU-UN.TO (SmartCentres Real Estate Investment Trust) are both stocks. Both are in the Real Estate sector — HR-UN.TO in REIT - Diversified, SRU-UN.TO in REIT - Retail. Over the past 10 years, HR-UN.TO returned -3.00%/yr vs 4.73%/yr for SRU-UN.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
HR-UN.TO vs. SRU-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HR-UN.TO achieves a 3.04% return, which is significantly lower than SRU-UN.TO's 15.56% return. Over the past 10 years, HR-UN.TO has underperformed SRU-UN.TO with an annualized return of -3.00%, while SRU-UN.TO has yielded a comparatively higher 4.73% annualized return.
HR-UN.TO
- 1D
- -0.77%
- 1M
- -3.72%
- YTD
- 3.04%
- 6M
- 5.82%
- 1Y
- 2.81%
- 3Y*
- 4.18%
- 5Y*
- -5.16%
- 10Y*
- -3.00%
SRU-UN.TO
- 1D
- 0.38%
- 1M
- 1.44%
- YTD
- 15.56%
- 6M
- 18.65%
- 1Y
- 20.29%
- 3Y*
- 12.34%
- 5Y*
- 7.06%
- 10Y*
- 4.73%
HR-UN.TO vs. SRU-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HR-UN.TO H&R Real Estate Investment Trust | 3.04% | 16.66% | -5.21% | -12.55% | -21.84% | 22.36% | -33.30% | 7.10% | 1.85% | 0.19% |
SRU-UN.TO SmartCentres Real Estate Investment Trust | 15.56% | 13.10% | 6.13% | 0.16% | -11.27% | 48.64% | -19.65% | 6.97% | 5.77% | 1.14% |
Correlation
The correlation between HR-UN.TO and SRU-UN.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2001 | 0.50 |
The correlation between HR-UN.TO and SRU-UN.TO shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HR-UN.TO:
CA$2.72B
SRU-UN.TO:
CA$4.93B
HR-UN.TO:
-CA$2.94
SRU-UN.TO:
CA$2.10
HR-UN.TO:
3.41
SRU-UN.TO:
5.40
HR-UN.TO:
0.66
SRU-UN.TO:
0.94
HR-UN.TO:
CA$793.74M
SRU-UN.TO:
CA$929.78M
HR-UN.TO:
CA$490.73M
SRU-UN.TO:
CA$565.49M
HR-UN.TO:
-CA$804.22M
SRU-UN.TO:
CA$628.59M
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Return for Risk
HR-UN.TO vs. SRU-UN.TO — Risk / Return Rank
HR-UN.TO
SRU-UN.TO
HR-UN.TO vs. SRU-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H&R Real Estate Investment Trust (HR-UN.TO) and SmartCentres Real Estate Investment Trust (SRU-UN.TO). 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.
| HR-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.31 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.29 | -3.14 |
| Martin ratioReturn relative to average drawdown | 0.25 | 9.46 | -9.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HR-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.86 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | 0.44 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | 0.22 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.35 | -0.16 |
Drawdowns
HR-UN.TO vs. SRU-UN.TO - Drawdown Comparison
The maximum HR-UN.TO drawdown since its inception was -81.31%, which is greater than SRU-UN.TO's maximum drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for HR-UN.TO and SRU-UN.TO.
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Drawdown Indicators
| HR-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.31% | -68.25% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.45% | -6.39% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -14.34% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -46.85% | -28.89% | -17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -66.94% | -54.78% | -12.16% |
Current DrawdownCurrent decline from peak | -42.18% | -0.40% | -41.78% |
Average DrawdownAverage peak-to-trough decline | -17.19% | -10.98% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 2.22% | +8.89% |
Volatility
HR-UN.TO vs. SRU-UN.TO - Volatility Comparison
H&R Real Estate Investment Trust (HR-UN.TO) has a higher volatility of 5.05% compared to SmartCentres Real Estate Investment Trust (SRU-UN.TO) at 3.08%. This indicates that HR-UN.TO's price experiences larger fluctuations and is considered to be riskier than SRU-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HR-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.08% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 8.12% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.94% | 11.30% | +14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 16.21% | +8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.91% | 21.54% | +5.37% |
Dividends
HR-UN.TO vs. SRU-UN.TO - Dividend Comparison
HR-UN.TO's dividend yield for the trailing twelve months is around 5.83%, less than SRU-UN.TO's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HR-UN.TO H&R Real Estate Investment Trust | 5.83% | 5.87% | 8.03% | 7.07% | 4.87% | 3.87% | 5.36% | 5.04% | 5.15% | 4.98% | 4.68% | 4.78% |
SRU-UN.TO SmartCentres Real Estate Investment Trust | 6.39% | 7.18% | 7.56% | 7.42% | 6.90% | 5.74% | 8.01% | 5.81% | 5.72% | 5.55% | 5.17% | 5.34% |
Financials
HR-UN.TO vs. SRU-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between H&R Real Estate Investment Trust and SmartCentres Real Estate Investment Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HR-UN.TO vs. SRU-UN.TO - Profitability Comparison
HR-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported a gross profit of 79.24M and revenue of 184.25M. Therefore, the gross margin over that period was 43.0%.
SRU-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SmartCentres Real Estate Investment Trust reported a gross profit of 137.69M and revenue of 231.84M. Therefore, the gross margin over that period was 59.4%.
HR-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported an operating income of 82.52M and revenue of 184.25M, resulting in an operating margin of 44.8%.
SRU-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SmartCentres Real Estate Investment Trust reported an operating income of 126.18M and revenue of 231.84M, resulting in an operating margin of 54.4%.
HR-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported a net income of -34.87M and revenue of 184.25M, resulting in a net margin of -18.9%.
SRU-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SmartCentres Real Estate Investment Trust reported a net income of 105.33M and revenue of 231.84M, resulting in a net margin of 45.4%.
Frequently Asked Questions
HR-UN.TO and SRU-UN.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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