MRT-UN.TO vs. SRU-UN.TO
MRT-UN.TO (Morguard Real Estate Investment Trust) and SRU-UN.TO (SmartCentres Real Estate Investment Trust) are both stocks. Both are in the Real Estate sector — MRT-UN.TO in REIT - Diversified, SRU-UN.TO in REIT - Retail. Over the past 10 years, MRT-UN.TO returned -1.94%/yr vs 4.73%/yr for SRU-UN.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
MRT-UN.TO vs. SRU-UN.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MRT-UN.TO achieves a 8.39% return, which is significantly lower than SRU-UN.TO's 15.56% return. Over the past 10 years, MRT-UN.TO has underperformed SRU-UN.TO with an annualized return of -1.94%, while SRU-UN.TO has yielded a comparatively higher 4.73% annualized return.
MRT-UN.TO
- 1D
- 0.00%
- 1M
- 4.45%
- YTD
- 8.39%
- 6M
- 15.06%
- 1Y
- 22.55%
- 3Y*
- 13.07%
- 5Y*
- 6.01%
- 10Y*
- -1.94%
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%
MRT-UN.TO vs. SRU-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MRT-UN.TO Morguard Real Estate Investment Trust | 8.39% | 20.28% | 9.45% | 5.35% | 2.39% | 5.58% | -49.21% | 12.09% | -10.85% | -1.05% |
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 MRT-UN.TO and SRU-UN.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2001 | 0.25 |
The correlation between MRT-UN.TO and SRU-UN.TO shifts across timeframes, from 0.06 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MRT-UN.TO:
CA$453.22M
SRU-UN.TO:
CA$4.93B
MRT-UN.TO:
CA$0.02
SRU-UN.TO:
CA$2.10
MRT-UN.TO:
392.53
SRU-UN.TO:
13.75
MRT-UN.TO:
1.87
SRU-UN.TO:
5.40
MRT-UN.TO:
0.52
SRU-UN.TO:
0.94
MRT-UN.TO:
CA$239.04M
SRU-UN.TO:
CA$929.78M
MRT-UN.TO:
CA$111.58M
SRU-UN.TO:
CA$565.49M
MRT-UN.TO:
CA$61.90M
SRU-UN.TO:
CA$628.59M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MRT-UN.TO vs. SRU-UN.TO — Risk / Return Rank
MRT-UN.TO
SRU-UN.TO
MRT-UN.TO vs. SRU-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morguard Real Estate Investment Trust (MRT-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.
| MRT-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 3.29 | -1.51 |
| Martin ratioReturn relative to average drawdown | 5.35 | 9.46 | -4.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MRT-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.86 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.44 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.22 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.35 | -0.03 |
Drawdowns
MRT-UN.TO vs. SRU-UN.TO - Drawdown Comparison
The maximum MRT-UN.TO drawdown since its inception was -66.97%, roughly equal to the maximum SRU-UN.TO drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for MRT-UN.TO and SRU-UN.TO.
Loading charts...
Drawdown Indicators
| MRT-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.97% | -68.25% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -6.39% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | -14.34% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -29.02% | -28.89% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -66.03% | -54.78% | -11.25% |
Current DrawdownCurrent decline from peak | -27.07% | -0.40% | -26.67% |
Average DrawdownAverage peak-to-trough decline | -17.25% | -10.98% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.22% | +1.94% |
Volatility
MRT-UN.TO vs. SRU-UN.TO - Volatility Comparison
Morguard Real Estate Investment Trust (MRT-UN.TO) and SmartCentres Real Estate Investment Trust (SRU-UN.TO) have volatilities of 3.22% and 3.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MRT-UN.TO | SRU-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.08% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 8.12% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 11.30% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 16.21% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.13% | 21.54% | +4.59% |
Dividends
MRT-UN.TO vs. SRU-UN.TO - Dividend Comparison
MRT-UN.TO's dividend yield for the trailing twelve months is around 3.52%, less than SRU-UN.TO's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRT-UN.TO Morguard Real Estate Investment Trust | 3.52% | 3.76% | 5.42% | 4.49% | 4.53% | 5.07% | 11.87% | 8.14% | 8.42% | 6.96% | 6.45% | 7.05% |
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
MRT-UN.TO vs. SRU-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Morguard 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
MRT-UN.TO vs. SRU-UN.TO - Profitability Comparison
MRT-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morguard Real Estate Investment Trust reported a gross profit of 25.53M and revenue of 60.05M. Therefore, the gross margin over that period was 42.5%.
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%.
MRT-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morguard Real Estate Investment Trust reported an operating income of 24.62M and revenue of 60.05M, resulting in an operating margin of 41.0%.
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%.
MRT-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morguard Real Estate Investment Trust reported a net income of 6.04M and revenue of 60.05M, resulting in a net margin of 10.1%.
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
MRT-UN.TO and SRU-UN.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for MRT-UN.TO and SRU-UN.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer