SRU-UN.TO vs. HR-UN.TO
SRU-UN.TO (SmartCentres Real Estate Investment Trust) and HR-UN.TO (H&R Real Estate Investment Trust) are both stocks. Both are in the Real Estate sector — SRU-UN.TO in REIT - Retail, HR-UN.TO in REIT - Diversified. Over the past 10 years, SRU-UN.TO returned 4.73%/yr vs -3.00%/yr for HR-UN.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
SRU-UN.TO vs. HR-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SRU-UN.TO achieves a 15.56% return, which is significantly higher than HR-UN.TO's 3.04% return. Over the past 10 years, SRU-UN.TO has outperformed HR-UN.TO with an annualized return of 4.73%, while HR-UN.TO has yielded a comparatively lower -3.00% annualized return.
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%
HR-UN.TO
- 1D
- -0.77%
- 1M
- -3.72%
- YTD
- 3.04%
- 6M
- 5.82%
- 1Y
- 2.81%
- 3Y*
- 4.18%
- 5Y*
- -5.16%
- 10Y*
- -3.00%
SRU-UN.TO vs. HR-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HR-UN.TO H&R Real Estate Investment Trust | 3.04% | 16.66% | -5.21% | -12.55% | -21.84% | 22.36% | -33.30% | 7.10% | 1.85% | 0.19% |
Correlation
The correlation between SRU-UN.TO and HR-UN.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2001 | 0.50 |
The correlation between SRU-UN.TO and HR-UN.TO shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SRU-UN.TO:
CA$4.93B
HR-UN.TO:
CA$2.72B
SRU-UN.TO:
CA$2.10
HR-UN.TO:
-CA$2.94
SRU-UN.TO:
5.40
HR-UN.TO:
3.41
SRU-UN.TO:
0.94
HR-UN.TO:
0.66
SRU-UN.TO:
CA$929.78M
HR-UN.TO:
CA$793.74M
SRU-UN.TO:
CA$565.49M
HR-UN.TO:
CA$490.73M
SRU-UN.TO:
CA$628.59M
HR-UN.TO:
-CA$804.22M
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Return for Risk
SRU-UN.TO vs. HR-UN.TO — Risk / Return Rank
SRU-UN.TO
HR-UN.TO
SRU-UN.TO vs. HR-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartCentres Real Estate Investment Trust (SRU-UN.TO) and H&R Real Estate Investment Trust (HR-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.
| SRU-UN.TO | HR-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 0.15 | +3.14 |
| Martin ratioReturn relative to average drawdown | 9.46 | 0.25 | +9.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SRU-UN.TO | HR-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.11 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | -0.21 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.11 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.19 | +0.16 |
Drawdowns
SRU-UN.TO vs. HR-UN.TO - Drawdown Comparison
The maximum SRU-UN.TO drawdown since its inception was -68.25%, smaller than the maximum HR-UN.TO drawdown of -81.31%. Use the drawdown chart below to compare losses from any high point for SRU-UN.TO and HR-UN.TO.
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Drawdown Indicators
| SRU-UN.TO | HR-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.25% | -81.31% | +13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -19.45% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -23.42% | +9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -28.89% | -46.85% | +17.96% |
Max Drawdown (10Y)Largest decline over 10 years | -54.78% | -66.94% | +12.16% |
Current DrawdownCurrent decline from peak | -0.40% | -42.18% | +41.78% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -17.19% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 11.11% | -8.89% |
Volatility
SRU-UN.TO vs. HR-UN.TO - Volatility Comparison
The current volatility for SmartCentres Real Estate Investment Trust (SRU-UN.TO) is 3.08%, while H&R Real Estate Investment Trust (HR-UN.TO) has a volatility of 5.05%. This indicates that SRU-UN.TO experiences smaller price fluctuations and is considered to be less risky than HR-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRU-UN.TO | HR-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 5.05% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 11.68% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 25.94% | -14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 24.52% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 26.91% | -5.37% |
Dividends
SRU-UN.TO vs. HR-UN.TO - Dividend Comparison
SRU-UN.TO's dividend yield for the trailing twelve months is around 6.39%, more than HR-UN.TO's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HR-UN.TO H&R Real Estate Investment Trust | 5.83% | 5.87% | 8.03% | 7.07% | 4.87% | 3.87% | 5.36% | 5.04% | 5.15% | 4.98% | 4.68% | 4.78% |
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
SRU-UN.TO vs. HR-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between SmartCentres Real Estate Investment Trust and H&R 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
SRU-UN.TO vs. HR-UN.TO - Profitability Comparison
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%.
HR-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported a gross profit of 79.24M and revenue of 184.25M. Therefore, the gross margin over that period was 43.0%.
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%.
HR-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported an operating income of 82.52M and revenue of 184.25M, resulting in an operating margin of 44.8%.
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%.
HR-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, H&R Real Estate Investment Trust reported a net income of -34.87M and revenue of 184.25M, resulting in a net margin of -18.9%.
Frequently Asked Questions
SRU-UN.TO and HR-UN.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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