SLF.TO vs. EIT-UN.TO

Last updated Jun 9, 2026

SLF.TO (Sun Life Financial Inc.) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 10 years, SLF.TO returned 13.36%/yr vs 15.69%/yr for EIT-UN.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

SLF.TO vs. EIT-UN.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, SLF.TO achieves a 22.26% return, which is significantly higher than EIT-UN.TO's 13.19% return. Over the past 10 years, SLF.TO has underperformed EIT-UN.TO with an annualized return of 13.36%, while EIT-UN.TO has yielded a comparatively higher 15.69% annualized return.

SLF.TO

• 1D: -0.12%
• 1M: 8.16%
• YTD: 22.26%
• 6M: 29.16%
• 1Y: 19.79%
• 3Y*: 20.10%
• 5Y*: 14.49%
• 10Y*: 13.36%

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

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

SLF.TO vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLF.TO Sun Life Financial Inc.	22.26%	4.75%	29.69%	14.37%	-6.73%	28.82%	-0.52%	35.86%	-9.44%	4.39%
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%

Correlation

The correlation between SLF.TO and EIT-UN.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006	0.40

The correlation between SLF.TO and EIT-UN.TO shifts across timeframes, from 0.30 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SLF.TO vs. EIT-UN.TO — Risk / Return Rank

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

SLF.TO

SLF.TO Risk / Return Rank: 69
SLF.TO Sharpe Ratio Rank: 73
SLF.TO Sortino Ratio Rank: 64
SLF.TO Omega Ratio Rank: 68
SLF.TO Calmar Ratio Rank: 69
SLF.TO Martin Ratio Rank: 70

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

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.

SLF.TO vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sun Life Financial Inc. (SLF.TO) and Canoe EIT Income Fund (EIT-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.

	SLF.TO	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.29	-1.27
Sortino ratio: Return per unit of downside risk	1.38	3.46	-2.08
Omega ratio: Gain probability vs. loss probability	1.21	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.41	3.40	-1.99
Martin ratio: Return relative to average drawdown	3.42	13.03	-9.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLF.TO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current SLF.TO Sharpe Ratio is 1.02, which is lower than the EIT-UN.TO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SLF.TO and EIT-UN.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.

Sharpe Ratios by Period

	SLF.TO	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.29	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	1.40	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.90	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.45	-0.13

Drawdowns

SLF.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum SLF.TO drawdown since its inception was -71.53%, which is greater than EIT-UN.TO's maximum drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for SLF.TO and EIT-UN.TO.

Drawdown Indicators

	SLF.TO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-71.53%	-63.56%	-7.97%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-5.93%	-8.15%
Max Drawdown (3Y) Largest decline over 3 years	-14.08%	-9.45%	-4.63%
Max Drawdown (5Y) Largest decline over 5 years	-24.48%	-15.57%	-8.91%
Max Drawdown (10Y) Largest decline over 10 years	-45.99%	-50.36%	+4.37%
Current Drawdown Current decline from peak	-0.12%	-0.52%	+0.40%
Average Drawdown Average peak-to-trough decline	-15.64%	-8.81%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.80%	1.55%	+4.25%

Volatility

SLF.TO vs. EIT-UN.TO - Volatility Comparison

Sun Life Financial Inc. (SLF.TO) has a higher volatility of 4.26% compared to Canoe EIT Income Fund (EIT-UN.TO) at 2.55%. This indicates that SLF.TO's price experiences larger fluctuations and is considered to be riskier than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLF.TO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	2.55%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	13.80%	7.53%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	8.82%	+10.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	12.22%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.45%	17.53%	+2.92%

Dividends

SLF.TO vs. EIT-UN.TO - Dividend Comparison

SLF.TO's dividend yield for the trailing twelve months is around 3.58%, less than EIT-UN.TO's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%
SLF.TO Sun Life Financial Inc.	3.58%	4.11%	3.80%	4.37%	4.39%	3.28%	3.89%	3.55%	4.21%	3.36%	3.14%	3.50%

Frequently Asked Questions

Can I hold both SLF.TO and EIT-UN.TO in my portfolio?

SLF.TO and EIT-UN.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.