- Issuer
- Manulife
- Inception Date
- Apr 10, 2017
- Category
- Canada Equities, Multi-factor
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
MCLC.TO Performance Chart
Manulife Multifactor Canadian Large Cap Index ETF (MCLC.TO) is up 14.0% since the beginning of the year. MCLC.TO is currently trading at CA$60 per share. Investors who bought CA$1,000 worth of MCLC.TO shares 5 years ago would now be looking at an investment worth CA$2,037.
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Returns By Period
Manulife Multifactor Canadian Large Cap Index ETF (MCLC.TO) has returned 14.02% so far this year and 28.74% over the past 12 months.
Manulife Multifactor Canadian Large Cap Index ETF
- 1D
- 0.34%
- 1M
- 0.09%
- 6M
- 10.38%
- YTD
- 14.02%
- 1Y
- 28.74%
- 3Y*
- 21.36%
- 5Y*
- 15.29%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.31%
- 1M
- 0.87%
- 6M
- 10.62%
- YTD
- 13.50%
- 1Y
- 24.35%
- 3Y*
- 21.67%
- 5Y*
- 14.33%
- 10Y*
- 14.32%
MCLC.TO Monthly Returns History
Based on dividend-adjusted daily data since Apr 17, 2017, MCLC.TO's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +11.7%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MCLC.TO closed higher 45% of trading days. The best single day was Mar 25, 2020 with a return of +5.5%, while the worst single day was Mar 12, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 7.46% | -4.95% | 4.76% | 3.50% | 0.50% | 1.90% | 14.02% | |||||
| 2025 | 3.04% | -0.52% | -0.52% | -0.88% | 5.69% | 2.72% | 1.54% | 4.41% | 4.94% | 0.98% | 4.31% | -2.30% | 25.65% |
| 2024 | 1.29% | 1.97% | 4.20% | 1.19% | -1.13% | -0.63% | 5.64% | 2.16% | 0.95% | 1.37% | 6.38% | -4.73% | 19.78% |
| 2023 | 6.12% | -1.89% | -1.06% | 3.32% | -5.58% | 4.17% | 2.60% | 0.35% | -3.94% | -1.63% | 4.85% | 3.79% | 10.82% |
| 2022 | 1.05% | 1.10% | 5.35% | -3.52% | 3.07% | -8.56% | 1.90% | -1.68% | -4.10% | 7.78% | 4.15% | -4.66% | 0.64% |
| 2021 | 0.04% | 1.54% | 5.64% | 4.75% | 1.63% | 2.31% | 1.02% | 1.51% | -2.64% | 4.71% | 2.16% | -0.37% | 24.38% |
Benchmark Metrics
Manulife Multifactor Canadian Large Cap Index ETF has an annualized alpha of 9.18%, beta of 0.20, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since April 17, 2017.
- This ETF participated in 76.85% of S&P 500 Index downside but only 72.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.20 may look defensive, but with R2 of 0.04 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.04 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.18%
- Beta
- 0.20
- R²
- 0.04
- Upside Capture
- 72.07%
- Downside Capture
- 76.85%
Return for Risk
Risk / Return Rank
MCLC.TO ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manulife Multifactor Canadian Large Cap Index ETF (MCLC.TO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCLC.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.33 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 2.67 | +1.37 |
| Martin ratioReturn relative to average drawdown | 17.48 | 9.87 | +7.60 |
Dividends
Dividend History
Manulife Multifactor Canadian Large Cap Index ETF provided a 1.68% dividend yield over the last twelve months, with an annual payout of CA$1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | CA$1.00 | CA$1.08 | CA$1.10 | CA$1.02 | CA$1.05 | CA$0.62 | CA$0.61 | CA$0.64 | CA$0.54 | CA$0.35 |
Dividend yield | 1.68% | 2.05% | 2.56% | 2.77% | 3.07% | 1.76% | 2.12% | 2.15% | 2.19% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Manulife Multifactor Canadian Large Cap Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.50 | CA$0.00 | CA$0.50 | |||||
| 2025 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.58 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.50 | CA$1.08 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.59 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.51 | CA$1.10 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.53 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.49 | CA$1.02 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.49 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.56 | CA$1.05 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.42 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.20 | CA$0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Manulife Multifactor Canadian Large Cap Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Manulife Multifactor Canadian Large Cap Index ETF was 35.34%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The current Manulife Multifactor Canadian Large Cap Index ETF drawdown is 0.08%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-35.34%Mar 2020 | 1mo 1d | 10mo 26d | 11mo 27dFeb 2020 - Feb 2021 | COVID crash2020 |
-16.77%Dec 2018 | 5mo 2d | 3mo 15d | 8mo 17dJul 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-16.24%Jul 2022 | 2mo 23d | 1y 2mo | 1y 4moApr 2022 - Sep 2023 | Bear market2022 |
-11.91%Apr 2025 | 3mo 29d | 1mo 7d | 5mo 6dDec 2024 - May 2025 | 2025 selloff2025 |
-9.22%Oct 2023 | 1mo 8d | 1mo 18d | 2mo 26dSep 2023 - Dec 2023 | — |
Drawdown Indicators
| MCLC.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.34% | -48.87% | +13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -9.17% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -11.91% | -19.59% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -23.14% | +6.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.82% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -9.63% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.47% | -0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with MCLC.TO
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