SRU-UN.TO vs. RBNK.TO

Last updated Jun 5, 2026

SRU-UN.TO (SmartCentres Real Estate Investment Trust) is a stock, while RBNK.TO (RBC Canadian Bank Yield Index ETF) is Financials Equities fund tracking the Solactive Canada Bank Yield Index. Over the past 5 years, SRU-UN.TO returned 7.06%/yr vs 17.93%/yr for RBNK.TO. At a 0.43 correlation, their price movements are largely independent.

Performance

SRU-UN.TO vs. RBNK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in SmartCentres Real Estate Investment Trust (SRU-UN.TO) and RBC Canadian Bank Yield Index ETF (RBNK.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRU-UN.TO achieves a 15.56% return, which is significantly lower than RBNK.TO's 21.81% return.

SRU-UN.TO

• 1D: 0.38%
• 1M: 2.16%
• YTD: 15.56%
• 6M: 18.13%
• 1Y: 20.90%
• 3Y*: 12.34%
• 5Y*: 7.06%
• 10Y*: 4.73%

RBNK.TO

• 1D: 1.56%
• 1M: 7.59%
• YTD: 21.81%
• 6M: 25.07%
• 1Y: 63.75%
• 3Y*: 33.85%
• 5Y*: 17.93%
• 10Y*: —

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

SRU-UN.TO vs. RBNK.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%	6.77%
RBNK.TO RBC Canadian Bank Yield Index ETF	21.81%	44.94%	22.08%	11.01%	-13.14%	40.30%	3.34%	16.82%	-9.14%	3.71%

Correlation

The correlation between SRU-UN.TO and RBNK.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017	0.43

Return for Risk

SRU-UN.TO vs. RBNK.TO — Risk / Return Rank

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

SRU-UN.TO

SRU-UN.TO Risk / Return Rank: 84
SRU-UN.TO Sharpe Ratio Rank: 87
SRU-UN.TO Sortino Ratio Rank: 84
SRU-UN.TO Omega Ratio Rank: 81
SRU-UN.TO Calmar Ratio Rank: 84
SRU-UN.TO Martin Ratio Rank: 86

RBNK.TO

RBNK.TO Risk / Return Rank: 96
RBNK.TO Sharpe Ratio Rank: 97
RBNK.TO Sortino Ratio Rank: 97
RBNK.TO Omega Ratio Rank: 97
RBNK.TO Calmar Ratio Rank: 94
RBNK.TO Martin Ratio Rank: 95

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.

SRU-UN.TO vs. RBNK.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 RBC Canadian Bank Yield Index ETF (RBNK.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	RBNK.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	4.78	-2.92
Sortino ratio: Return per unit of downside risk	2.63	6.37	-3.74
Omega ratio: Gain probability vs. loss probability	1.31	1.89	-0.57
Calmar ratio: Return relative to maximum drawdown	3.29	7.05	-3.77
Martin ratio: Return relative to average drawdown	9.46	30.40	-20.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRU-UN.TO vs. RBNK.TO - Sharpe Ratio Comparison

The current SRU-UN.TO Sharpe Ratio is 1.86, which is lower than the RBNK.TO Sharpe Ratio of 4.78. The chart below compares the historical Sharpe Ratios of SRU-UN.TO and RBNK.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

	SRU-UN.TO	RBNK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	4.78	-2.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	1.30	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.82	-0.47

Drawdowns

SRU-UN.TO vs. RBNK.TO - Drawdown Comparison

The maximum SRU-UN.TO drawdown since its inception was -68.25%, which is greater than RBNK.TO's maximum drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for SRU-UN.TO and RBNK.TO.

Drawdown Indicators

	SRU-UN.TO	RBNK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.25%	-39.08%	-29.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-9.08%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-14.44%	-14.87%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-28.89%	-28.64%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	-54.78%	—	—
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-10.98%	-7.55%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.10%	+0.12%

Volatility

SRU-UN.TO vs. RBNK.TO - Volatility Comparison

The current volatility for SmartCentres Real Estate Investment Trust (SRU-UN.TO) is 3.08%, while RBC Canadian Bank Yield Index ETF (RBNK.TO) has a volatility of 5.21%. This indicates that SRU-UN.TO experiences smaller price fluctuations and is considered to be less risky than RBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRU-UN.TO	RBNK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	5.21%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	8.12%	11.66%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	13.40%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	13.91%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.54%	18.22%	+3.32%

Dividends

SRU-UN.TO vs. RBNK.TO - Dividend Comparison

SRU-UN.TO's dividend yield for the trailing twelve months is around 6.39%, more than RBNK.TO's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBNK.TO RBC Canadian Bank Yield Index ETF	2.92%	3.39%	4.50%	4.77%	4.49%	3.07%	4.18%	3.86%	4.06%	0.56%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both SRU-UN.TO and RBNK.TO in my portfolio?

SRU-UN.TO and RBNK.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.