MET vs SLF: Correlation
MetLife (MET) and Sun Life Financial Inc. (SLF) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and SLF?
On 3 years of weekly data the MET/SLF correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.51). The 5-year figure is 0.59, and annualized covariance runs at 221.6 %².
Within MET's tracked universe of 37 assets, SLF comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLF ahead by 17.9 points (+22.1% versus +40.0%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MET vs SLF: side by side
| MET (MetLife) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | +22.1% | +40.0% |
| 5-year return | +80.8% | +84.1% |
| Volatility (ann.) | 23.3% | 18.6% |
| Beta vs S&P 500 | 0.89 | 0.52 |
| Max drawdown (3Y) | -22.0% | -14.9% |
| Market cap | $61.2B | $43.8B |
| P/E (trailing) | 18.5 | 18.5 |
| Dividend yield | 2.38% | 4.66% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MET | SLF |
|---|---|---|
| 2022 | +19.2% | -12.9% |
| 2023 | -5.5% | +16.9% |
| 2024 | +27.7% | +19.5% |
| 2025 | -0.8% | +7.3% |
| 2026 | +24.5% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and SLF good diversifiers for each other?
Only partially. A correlation of 0.51 means MET and SLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MET and SLF?
The MET/SLF correlation stands at 0.51 on a 3-year window (1 year: 0.40, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SLF a good diversifier for MET?
Only partially. A correlation of 0.51 means MET and SLF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/met-vs-slf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/met-vs-slf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MET correlations · SLF correlations
