- Issuer
- Manulife
- Inception Date
- Apr 17, 2017
- Category
- Large Cap Blend 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
MULC.TO Performance Chart
Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) is up 10.6% since the beginning of the year. MULC.TO is currently trading at CA$65 per share. Investors who bought CA$1,000 worth of MULC.TO shares 5 years ago would now be looking at an investment worth CA$1,618.
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Returns By Period
Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) has returned 10.56% so far this year and 19.42% over the past 12 months.
Manulife Multifactor U.S. Large Cap Index ETF Hedged
- 1D
- 0.09%
- 1M
- -0.30%
- 6M
- 9.24%
- YTD
- 10.56%
- 1Y
- 19.42%
- 3Y*
- 16.49%
- 5Y*
- 10.10%
- 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%
MULC.TO Monthly Returns History
Based on dividend-adjusted daily data since May 17, 2017, MULC.TO's average daily return is +0.06%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +12.4%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MULC.TO closed higher 38% of trading days. The best single day was Mar 24, 2020 with a return of +8.2%, while the worst single day was Mar 16, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.10% | 0.59% | -7.29% | 10.42% | 5.39% | 0.55% | 0.22% | 10.56% | |||||
| 2025 | 3.32% | -2.42% | -5.22% | -2.16% | 6.16% | 4.51% | 2.23% | 2.20% | 1.78% | 0.92% | 0.77% | 1.08% | 13.42% |
| 2024 | 1.44% | 3.94% | 3.90% | -3.07% | 0.89% | 3.19% | 2.47% | 0.78% | 2.35% | -0.23% | 6.06% | -3.92% | 18.78% |
| 2023 | 3.81% | -0.99% | 1.21% | 0.94% | -0.50% | 6.05% | 2.83% | -1.66% | -4.53% | -3.65% | 8.80% | 6.09% | 18.95% |
| 2022 | -6.47% | -1.37% | 2.93% | -7.25% | 0.62% | -9.37% | 6.52% | -1.61% | -9.74% | 9.17% | 2.59% | -1.96% | -16.59% |
| 2021 | -0.25% | 3.52% | 4.38% | 4.89% | 0.70% | 1.59% | 2.57% | 2.46% | -5.03% | 6.37% | -1.28% | 4.77% | 27.01% |
Benchmark Metrics
Manulife Multifactor U.S. Large Cap Index ETF Hedged has an annualized alpha of 10.10%, beta of 0.29, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since May 17, 2017.
- Beta of 0.29 may look defensive, but with R2 of 0.10 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 0.10 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
- 10.10%
- Beta
- 0.29
- R²
- 0.10
- Upside Capture
- 100.32%
- Downside Capture
- 98.22%
Return for Risk
Risk / Return Rank
MULC.TO ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.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.
| MULC.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.67 | -0.32 |
| Martin ratioReturn relative to average drawdown | 10.31 | 9.87 | +0.44 |
Dividends
Dividend History
Manulife Multifactor U.S. Large Cap Index ETF Hedged provided a 0.80% dividend yield over the last twelve months, with an annual payout of CA$0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | CA$0.52 | CA$0.50 | CA$0.45 | CA$0.37 | CA$0.53 | CA$0.35 | CA$0.49 | CA$0.40 | CA$0.35 |
Dividend yield | 0.80% | 0.85% | 0.85% | 0.83% | 1.39% | 0.77% | 1.36% | 1.21% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Manulife Multifactor U.S. Large Cap Index ETF Hedged. 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$0.25 | CA$0.00 | CA$0.25 | |||||
| 2025 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.24 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.27 | CA$0.50 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.27 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.18 | CA$0.45 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.17 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.20 | CA$0.37 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.23 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.30 | CA$0.53 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.18 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.18 | CA$0.35 |
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 U.S. Large Cap Index ETF Hedged. 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 U.S. Large Cap Index ETF Hedged was 35.21%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.
The current Manulife Multifactor U.S. Large Cap Index ETF Hedged drawdown is 0.52%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-35.21%Mar 2020 | 1mo 26d | 5mo 5d | 7mo 1dJan 2020 - Aug 2020 | COVID crash2020 |
-25.00%Oct 2022 | 9mo 10d | 1y 3mo | 2y 20dJan 2022 - Jan 2024 | Bear market2022 |
-18.10%Apr 2025 | 4mo 4d | 2mo 24d | 6mo 28dDec 2024 - Jul 2025 | 2025 selloff2025 |
-17.60%Dec 2018 | 3mo 1d | 4mo 4d | 7mo 5dSep 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-9.47%Feb 2018 | 8d | 6mo 24d | 7mo 2dJan 2018 - Aug 2018 | — |
Drawdown Indicators
| MULC.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -48.87% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -9.17% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | -19.59% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -23.14% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.82% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -9.63% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.47% | -0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with MULC.TO
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