SLF vs. IYR

Last updated Apr 1, 2026

Compare and contrast key facts about Sun Life Financial Inc. (SLF) and iShares U.S. Real Estate ETF (IYR).

IYR is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Real Estate Index. It was launched on Jun 12, 2000.

Performance

SLF vs. IYR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sun Life Financial Inc. (SLF) and iShares U.S. Real Estate ETF (IYR). The values are adjusted to include any dividend payments, if applicable.

SLF vs. IYR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLF Sun Life Financial Inc.	1.31%	9.72%	19.48%	17.77%	-12.89%	29.71%	1.55%	42.69%	-16.37%	11.18%
IYR iShares U.S. Real Estate ETF	1.00%	3.38%	4.41%	11.89%	-25.51%	38.74%	-5.23%	28.21%	-4.33%	9.31%

Returns By Period

In the year-to-date period, SLF achieves a 1.31% return, which is significantly higher than IYR's 1.00% return. Over the past 10 years, SLF has outperformed IYR with an annualized return of 11.38%, while IYR has yielded a comparatively lower 5.02% annualized return.

SLF

• 1D: 1.03%
• 1M: -4.56%
• YTD: 1.31%
• 6M: 6.47%
• 1Y: 13.97%
• 3Y*: 15.43%
• 5Y*: 8.82%
• 10Y*: 11.38%

IYR

• 1D: 1.61%
• 1M: -6.37%
• YTD: 1.00%
• 6M: -1.43%
• 1Y: 1.10%
• 3Y*: 6.35%
• 5Y*: 2.80%
• 10Y*: 5.02%

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

Return for Risk

SLF vs. IYR — Risk / Return Rank

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

SLF

SLF Risk / Return Rank: 62
SLF Sharpe Ratio Rank: 66
SLF Sortino Ratio Rank: 56
SLF Omega Ratio Rank: 59
SLF Calmar Ratio Rank: 64
SLF Martin Ratio Rank: 62

IYR

IYR Risk / Return Rank: 15
IYR Sharpe Ratio Rank: 14
IYR Sortino Ratio Rank: 13
IYR Omega Ratio Rank: 13
IYR Calmar Ratio Rank: 16
IYR Martin Ratio Rank: 18

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 vs. IYR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sun Life Financial Inc. (SLF) and iShares U.S. Real Estate ETF (IYR). 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	IYR	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.07	+0.61
Sortino ratio Return per unit of downside risk	0.98	0.20	+0.78
Omega ratio Gain probability vs. loss probability	1.15	1.03	+0.12
Calmar ratio Return relative to maximum drawdown	1.02	0.18	+0.84
Martin ratio Return relative to average drawdown	2.20	0.68	+1.52
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 vs. IYR - Sharpe Ratio Comparison

The current SLF Sharpe Ratio is 0.67, which is higher than the IYR Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of SLF and IYR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLF	IYR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.07	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.15	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.25	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.32	+0.08

Correlation

The correlation between SLF and IYR is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SLF vs. IYR - Dividend Comparison

SLF's dividend yield for the trailing twelve months is around 4.15%, more than IYR's 2.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLF Sun Life Financial Inc.	4.15%	4.03%	4.00%	4.98%	4.59%	3.32%	3.69%	3.47%	4.71%	3.17%	3.98%	4.64%
IYR iShares U.S. Real Estate ETF	2.38%	2.48%	2.57%	2.75%	2.92%	2.06%	2.58%	3.05%	3.53%	3.73%	4.41%	3.92%

Drawdowns

SLF vs. IYR - Drawdown Comparison

The maximum SLF drawdown since its inception was -78.60%, which is greater than IYR's maximum drawdown of -74.13%. Use the drawdown chart below to compare losses from any high point for SLF and IYR.

Drawdown Indicators

	SLF	IYR	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	-74.13%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-12.20%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-30.77%	-33.75%	+2.98%
Max Drawdown (10Y) Largest decline over 10 years	-50.84%	-42.32%	-8.52%
Current Drawdown Current decline from peak	-8.32%	-9.14%	+0.82%
Average Drawdown Average peak-to-trough decline	-16.99%	-12.98%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	3.19%	+3.73%

Volatility

SLF vs. IYR - Volatility Comparison

Sun Life Financial Inc. (SLF) has a higher volatility of 4.96% compared to iShares U.S. Real Estate ETF (IYR) at 4.57%. This indicates that SLF's price experiences larger fluctuations and is considered to be riskier than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLF	IYR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.57%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	9.34%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	16.24%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.12%	18.71%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	20.30%	+2.55%