SIEB vs SLF: Correlation
Measured on weekly returns over the past three years, Siebert Financial Corp. (SIEB) and Sun Life Financial Inc. (SLF) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIEB and SLF?
Across a 3-year window, the weekly returns of SIEB and SLF correlate at 0.33, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.33). Stretching to 5 years gives 0.36, with an annualized covariance of 351.3 %².
Among the 14 assets we track against SIEB, SLF ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SLF ahead by 68.6 points (-28.6% versus +40.0%). One caveat on sizing: SIEB is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SIEB vs SLF: side by side
| SIEB (Siebert Financial Corp.) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | -28.6% | +40.0% |
| 5-year return | -48.4% | +84.1% |
| Volatility (ann.) | 56.9% | 18.6% |
| Beta vs S&P 500 | 0.90 | 0.52 |
| Max drawdown (3Y) | -70.6% | -14.9% |
| Market cap | $0.1B | $43.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 4.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIEB | SLF |
|---|---|---|
| 2022 | -41.4% | -12.9% |
| 2023 | +23.5% | +16.9% |
| 2024 | +88.1% | +19.5% |
| 2025 | +11.1% | +7.3% |
| 2026 | -43.9% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIEB and SLF good diversifiers for each other?
Reasonably. At 0.33, SIEB and SLF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SIEB and SLF?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.19 over the last year and 0.36 over 5 years.
Is SLF a good diversifier for SIEB?
Reasonably. At 0.33, SIEB and SLF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sieb-vs-slf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sieb-vs-slf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SIEB correlations · SLF correlations
