SLF-PC.TO vs. EMA.TO

Last updated Aug 1, 2026

SLF-PC.TO (Sun Life Financial Inc.) and EMA.TO (Emera Incorporated) are both stocks. SLF-PC.TO operates in Insurance - Diversified (Financial Services), while EMA.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, SLF-PC.TO returned 5.16%/yr vs 9.44%/yr for EMA.TO. Their 0.10 correlation means their historical movements had little consistent relationship.

Performance

SLF-PC.TO vs. EMA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sun Life Financial Inc. (SLF-PC.TO) and Emera Incorporated (EMA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLF-PC.TO achieves a 3.86% return, which is significantly lower than EMA.TO's 14.20% return. Over the past 10 years, SLF-PC.TO has underperformed EMA.TO with an annualized return of 5.16%, while EMA.TO has yielded a comparatively higher 9.44% annualized return.

SLF-PC.TO

• 1D: 0.64%
• 1M: 1.98%
• 6M: 3.53%
• YTD: 3.86%
• 1Y: 8.99%
• 3Y*: 13.98%
• 5Y*: 3.00%
• 10Y*: 5.16%
• ALL TIME*: 4.79%

EMA.TO

• 1D: -0.20%
• 1M: 0.36%
• 6M: 13.22%
• YTD: 14.20%
• 1Y: 21.07%
• 3Y*: 18.21%
• 5Y*: 10.50%
• 10Y*: 9.44%
• ALL TIME*: 11.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMA.TO Emera Incorporated	CA$91.87M	CA$82.15M	CA$86.03M
SLF-PC.TO Sun Life Financial Inc.	CA$89.30K	CA$72.12K	CA$77.55K

SLF-PC.TO vs. EMA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLF-PC.TO Sun Life Financial Inc.	3.86%	14.44%	16.24%	6.11%	-22.44%	7.96%	19.50%	11.98%	-1.98%	6.52%
EMA.TO Emera Incorporated	14.20%	31.95%	13.27%	2.50%	-14.32%	22.33%	1.29%	33.72%	-1.80%	8.29%

Correlation

The correlation between SLF-PC.TO and EMA.TO is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (10Y) Provides a long-term view across more market conditions.	0.11
Correlation (All Time) Calculated using the full available price history since Aug 30, 2006	0.10

Return for Risk

SLF-PC.TO vs. EMA.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLF-PC.TO

SLF-PC.TO Risk / Return Rank: 66
SLF-PC.TO Sharpe Ratio Rank: 68
SLF-PC.TO Sortino Ratio Rank: 60
SLF-PC.TO Omega Ratio Rank: 58
SLF-PC.TO Calmar Ratio Rank: 69
SLF-PC.TO Martin Ratio Rank: 73

EMA.TO

EMA.TO Risk / Return Rank: 86
EMA.TO Sharpe Ratio Rank: 86
EMA.TO Sortino Ratio Rank: 84
EMA.TO Omega Ratio Rank: 81
EMA.TO Calmar Ratio Rank: 91
EMA.TO Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLF-PC.TO vs. EMA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sun Life Financial Inc. (SLF-PC.TO) and Emera Incorporated (EMA.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.

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.

	SLF-PC.TO	EMA.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.69	1.57	-0.87
Sortino ratio: Return per unit of downside risk	1.06	2.28	-1.21
Omega ratio: Gain probability vs. loss probability	1.12	1.27	-0.15
Calmar ratio: Return relative to maximum drawdown	1.15	3.82	-2.67
Martin ratio: Return relative to average drawdown	3.43	9.55	-6.11

SLF-PC.TO vs. EMA.TO - Sharpe Ratio Comparison

The current SLF-PC.TO Sharpe Ratio is 0.69, which is lower than the EMA.TO Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of SLF-PC.TO and EMA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLF-PC.TO vs. EMA.TO - Drawdown Comparison

The maximum SLF-PC.TO drawdown since its inception was -46.37%, which is greater than EMA.TO's maximum drawdown of -29.73%. Use the drawdown chart below to compare losses from any high point for SLF-PC.TO and EMA.TO.

Drawdown Indicators

	SLF-PC.TO	EMA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-46.37%	-29.73%	-16.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-5.63%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-8.64%	-14.97%	+6.33%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-26.95%	-1.81%
Max Drawdown (10Y) Largest decline over 10 years	-34.23%	-29.73%	-4.50%
Current Drawdown Current decline from peak	-0.54%	-2.42%	+1.88%
Average Drawdown Average peak-to-trough decline	-7.59%	-5.82%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.24%	-0.05%

Volatility

SLF-PC.TO vs. EMA.TO - Volatility Comparison

The current volatility for Sun Life Financial Inc. (SLF-PC.TO) is 3.58%, while Emera Incorporated (EMA.TO) has a volatility of 4.06%. This indicates that SLF-PC.TO experiences smaller price fluctuations and is considered to be less risky than EMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLF-PC.TO	EMA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.06%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	10.53%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	13.72%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	15.92%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	17.45%	-2.25%

Dividends

SLF-PC.TO vs. EMA.TO - Dividend Comparison

SLF-PC.TO's dividend yield for the trailing twelve months is around 5.02%, more than EMA.TO's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMA.TO Emera Incorporated	3.91%	4.30%	5.36%	5.54%	5.18%	4.07%	4.58%	4.26%	5.22%	4.54%	4.40%	3.85%
SLF-PC.TO Sun Life Financial Inc.	5.02%	5.09%	5.52%	6.07%	6.06%	4.45%	4.59%	5.21%	5.53%	5.14%	5.21%	5.32%

Financials

Frequently Asked Questions

Can I hold both SLF-PC.TO and EMA.TO in my portfolio?

SLF-PC.TO and EMA.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.