IYR vs. SLF
IYR (iShares U.S. Real Estate ETF) is REIT fund tracking the Dow Jones U.S. Real Estate Capped Index, while SLF (Sun Life Financial Inc.) is a stock. Over the past 10 years, IYR returned 5.31%/yr vs 14.39%/yr for SLF. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
IYR vs. SLF - Performance Comparison
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Returns By Period
In the year-to-date period, IYR achieves a 12.83% return, which is significantly lower than SLF's 34.50% return. Over the past 10 years, IYR has underperformed SLF with an annualized return of 5.31%, while SLF has yielded a comparatively higher 14.39% annualized return.
IYR
- 1D
- -0.10%
- 1M
- 1.07%
- 6M
- 11.51%
- YTD
- 12.83%
- 1Y
- 12.40%
- 3Y*
- 9.81%
- 5Y*
- 2.16%
- 10Y*
- 5.31%
- ALL TIME*
- 8.49%
SLF
- 1D
- -0.23%
- 1M
- 3.29%
- 6M
- 30.41%
- YTD
- 34.50%
- 1Y
- 40.34%
- 3Y*
- 22.28%
- 5Y*
- 14.64%
- 10Y*
- 14.39%
- ALL TIME*
- 13.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $598.06M | $552.39M | $590.29M | |
| $42.43M | $44.87M | $50.63M |
IYR vs. SLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 12.83% | 3.38% | 4.41% | 11.89% | -25.51% | 38.74% | -5.23% | 28.21% | -4.33% | 9.31% |
SLF Sun Life Financial Inc. | 34.50% | 9.72% | 19.48% | 17.77% | -12.89% | 29.71% | 1.55% | 42.69% | -16.37% | 11.18% |
Correlation
The correlation between IYR and SLF is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.40 |
The correlation between IYR and SLF shifts across timeframes, from 0.32 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IYR vs. SLF — Risk / Return Rank
IYR
SLF
IYR vs. SLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Real Estate ETF (IYR) and Sun Life Financial Inc. (SLF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IYR | SLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.03 | -2.57 |
| Martin ratioReturn relative to average drawdown | 4.67 | 10.93 | -6.26 |
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Drawdowns
IYR vs. SLF - Drawdown Comparison
The maximum IYR drawdown since its inception was -74.13%, smaller than the maximum SLF drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for IYR and SLF.
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Drawdown Indicators
| IYR | SLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.13% | -78.60% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -10.06% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -14.91% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -30.77% | -2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -42.32% | -50.84% | +8.52% |
Current DrawdownCurrent decline from peak | -2.00% | -2.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -16.78% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.70% | -1.04% |
Volatility
IYR vs. SLF - Volatility Comparison
The current volatility for iShares U.S. Real Estate ETF (IYR) is 4.32%, while Sun Life Financial Inc. (SLF) has a volatility of 5.00%. This indicates that IYR experiences smaller price fluctuations and is considered to be less risky than SLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYR | SLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 5.00% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 14.51% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 19.77% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 19.41% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 22.68% | -2.29% |
Dividends
IYR vs. SLF - Dividend Comparison
IYR's dividend yield for the trailing twelve months is around 2.15%, less than SLF's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYR iShares U.S. Real Estate ETF | 2.15% | 2.48% | 2.57% | 2.75% | 2.92% | 2.06% | 2.58% | 3.05% | 3.53% | 3.73% | 4.41% | 3.92% |
SLF Sun Life Financial Inc. | 3.23% | 4.03% | 4.00% | 4.98% | 4.59% | 3.32% | 3.69% | 3.47% | 4.71% | 3.17% | 3.98% | 4.64% |
Frequently Asked Questions
IYR and SLF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLF has higher volatility (5.00%) compared to IYR (4.32%). In terms of maximum drawdown, IYR dropped -74.13% vs SLF's -78.60%.
SLF currently has the higher Sharpe Ratio (2.05 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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