SCG.AX vs. SGP.AX

Last updated Jun 5, 2026

SCG.AX (Scentre Group) and SGP.AX (Stockland) are both stocks. Both are in the Real Estate sector — SCG.AX in REIT - Retail, SGP.AX in REIT - Diversified. Over the past 10 years, SCG.AX returned 2.57%/yr vs 3.83%/yr for SGP.AX. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

SCG.AX vs. SGP.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Scentre Group (SCG.AX) and Stockland (SGP.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCG.AX achieves a -10.60% return, which is significantly higher than SGP.AX's -33.86% return. Over the past 10 years, SCG.AX has underperformed SGP.AX with an annualized return of 2.57%, while SGP.AX has yielded a comparatively higher 3.83% annualized return.

SCG.AX

• 1D: 0.82%
• 1M: -1.08%
• YTD: -10.60%
• 6M: -8.42%
• 1Y: 3.58%
• 3Y*: 16.12%
• 5Y*: 11.17%
• 10Y*: 2.57%

SGP.AX

• 1D: 1.88%
• 1M: -4.29%
• YTD: -33.86%
• 6M: -33.74%
• 1Y: -27.38%
• 3Y*: 0.12%
• 5Y*: 1.15%
• 10Y*: 3.83%

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

SCG.AX vs. SGP.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCG.AX Scentre Group	-10.60%	28.28%	20.94%	10.07%	-4.10%	19.80%	-25.25%	3.88%	-1.76%	-5.03%
SGP.AX Stockland	-33.86%	25.12%	13.92%	29.32%	-8.20%	7.26%	-4.31%	39.46%	-15.68%	3.51%

Correlation

The correlation between SCG.AX and SGP.AX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 14, 2010	0.58

The correlation between SCG.AX and SGP.AX shifts across timeframes, from 0.53 (1 year) to 0.66 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SCG.AX vs. SGP.AX — Risk / Return Rank

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

SCG.AX

SCG.AX Risk / Return Rank: 44
SCG.AX Sharpe Ratio Rank: 49
SCG.AX Sortino Ratio Rank: 40
SCG.AX Omega Ratio Rank: 40
SCG.AX Calmar Ratio Rank: 46
SCG.AX Martin Ratio Rank: 47

SGP.AX

SGP.AX Risk / Return Rank: 8
SGP.AX Sharpe Ratio Rank: 2
SGP.AX Sortino Ratio Rank: 4
SGP.AX Omega Ratio Rank: 5
SGP.AX Calmar Ratio Rank: 19
SGP.AX Martin Ratio Rank: 10

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.

SCG.AX vs. SGP.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scentre Group (SCG.AX) and Stockland (SGP.AX). 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.

	SCG.AX	SGP.AX	Difference
Sharpe ratio: Return per unit of total volatility	0.21	-1.22	+1.44
Sortino ratio: Return per unit of downside risk	0.42	-1.77	+2.19
Omega ratio: Gain probability vs. loss probability	1.05	0.79	+0.26
Calmar ratio: Return relative to maximum drawdown	0.19	-0.63	+0.83
Martin ratio: Return relative to average drawdown	0.52	-1.32	+1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCG.AX vs. SGP.AX - Sharpe Ratio Comparison

The current SCG.AX Sharpe Ratio is 0.21, which is higher than the SGP.AX Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of SCG.AX and SGP.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCG.AX	SGP.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	-1.22	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.05	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.14	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.30	0.00

Drawdowns

SCG.AX vs. SGP.AX - Drawdown Comparison

The maximum SCG.AX drawdown since its inception was -67.12%, smaller than the maximum SGP.AX drawdown of -73.75%. Use the drawdown chart below to compare losses from any high point for SCG.AX and SGP.AX.

Drawdown Indicators

	SCG.AX	SGP.AX	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-73.75%	+6.63%
Max Drawdown (1Y) Largest decline over 1 year	-19.70%	-43.86%	+24.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	-43.86%	+24.16%
Max Drawdown (5Y) Largest decline over 5 years	-22.91%	-43.86%	+20.95%
Max Drawdown (10Y) Largest decline over 10 years	-67.12%	-66.88%	-0.24%
Current Drawdown Current decline from peak	-11.23%	-42.80%	+31.57%
Average Drawdown Average peak-to-trough decline	-14.33%	-13.79%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.41%	21.01%	-13.60%

Volatility

SCG.AX vs. SGP.AX - Volatility Comparison

The current volatility for Scentre Group (SCG.AX) is 6.62%, while Stockland (SGP.AX) has a volatility of 10.87%. This indicates that SCG.AX experiences smaller price fluctuations and is considered to be less risky than SGP.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCG.AX	SGP.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	10.87%	-4.25%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	16.97%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	22.69%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.94%	23.22%	-1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.85%	28.02%	-0.17%

Dividends

SCG.AX vs. SGP.AX - Dividend Comparison

SCG.AX's dividend yield for the trailing twelve months is around 4.83%, less than SGP.AX's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCG.AX Scentre Group	4.83%	4.15%	4.94%	5.52%	5.12%	4.43%	4.06%	5.84%	5.63%	5.13%	4.55%	4.93%
SGP.AX Stockland	6.91%	4.57%	5.12%	5.03%	7.27%	5.97%	5.24%	5.97%	7.67%	5.78%	5.44%	5.90%

Financials

Frequently Asked Questions

Can I hold both SCG.AX and SGP.AX in my portfolio?

SCG.AX and SGP.AX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.