- Issuer
- Manulife
- Inception Date
- Apr 10, 2017
- Category
- Mid 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
MUMC.TO Performance Chart
Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO) is up 10.9% since the beginning of the year. MUMC.TO is currently trading at CA$53 per share. Investors who bought CA$1,000 worth of MUMC.TO shares 5 years ago would now be looking at an investment worth CA$1,348.
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Returns By Period
Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO) has returned 10.94% so far this year and 14.50% over the past 12 months.
Manulife Multifactor U.S. Mid Cap Index ETF Hedged
- 1D
- -0.79%
- 1M
- -0.28%
- 6M
- 7.47%
- YTD
- 10.94%
- 1Y
- 14.50%
- 3Y*
- 11.18%
- 5Y*
- 6.15%
- 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%
MUMC.TO Monthly Returns History
Based on dividend-adjusted daily data since Apr 18, 2017, MUMC.TO's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.7%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MUMC.TO closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +8.8%, while the worst single day was Mar 12, 2020 at -15.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.73% | 3.03% | -5.42% | 4.80% | 3.76% | 2.75% | -1.78% | 10.94% | |||||
| 2025 | 5.10% | -5.39% | -3.95% | -2.47% | 5.02% | 3.52% | 1.98% | 2.78% | 0.23% | -0.87% | 1.84% | -2.41% | 4.82% |
| 2024 | 0.56% | 3.64% | 4.87% | -5.60% | 2.14% | -1.09% | 6.21% | 0.23% | 2.50% | -0.07% | 7.78% | -7.09% | 13.82% |
| 2023 | 8.12% | -1.37% | -3.75% | -1.41% | -2.39% | 7.30% | 4.34% | -2.81% | -5.10% | -6.24% | 9.67% | 7.81% | 13.06% |
| 2022 | -7.37% | -0.55% | 2.73% | -5.22% | -0.62% | -12.02% | 8.95% | -1.23% | -8.32% | 7.08% | 5.17% | -4.96% | -17.20% |
| 2021 | 0.83% | 4.56% | 4.09% | 4.19% | 0.25% | 0.47% | 1.28% | 2.55% | -2.46% | 4.10% | -0.09% | 2.27% | 24.09% |
Benchmark Metrics
Manulife Multifactor U.S. Mid Cap Index ETF Hedged has an annualized alpha of 4.68%, beta of 0.36, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since April 18, 2017.
- This ETF participated in 111.92% of S&P 500 Index downside but only 89.73% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R2 of 0.13 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 0.13 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
- 4.68%
- Beta
- 0.36
- R²
- 0.13
- Upside Capture
- 89.73%
- Downside Capture
- 111.92%
Return for Risk
Risk / Return Rank
MUMC.TO ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.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.
| MUMC.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.67 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.17 | 9.87 | -5.71 |
Dividends
Dividend History
Manulife Multifactor U.S. Mid Cap Index ETF Hedged provided a 0.81% dividend yield over the last twelve months, with an annual payout of CA$0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | CA$0.43 | CA$0.48 | CA$0.32 | CA$0.43 | CA$0.32 | CA$0.28 | CA$0.33 | CA$0.29 | CA$0.30 | CA$0.21 |
Dividend yield | 0.81% | 1.00% | 0.70% | 1.05% | 0.86% | 0.63% | 0.90% | 0.90% | 1.19% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Manulife Multifactor U.S. Mid 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$0.18 | CA$0.00 | CA$0.18 | |||||
| 2025 | 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$0.25 | CA$0.48 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.15 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.17 | CA$0.32 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.19 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.24 | CA$0.43 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.13 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.18 | CA$0.32 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.11 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.17 | CA$0.28 |
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. Mid 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. Mid Cap Index ETF Hedged was 38.47%, occurring on Mar 18, 2020. Recovery took 162 trading sessions.
The current Manulife Multifactor U.S. Mid Cap Index ETF Hedged drawdown is 1.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.47%Mar 2020 | 27d | 7mo 26d | 8mo 23dFeb 2020 - Nov 2020 | COVID crash2020 |
-24.62%Oct 2022 | 10mo 20d | 1y 5mo | 2y 4moNov 2021 - Mar 2024 | Bear market2022 |
-21.77%Apr 2025 | 4mo 13d | 6mo 18d | 11mo 1dNov 2024 - Oct 2025 | 2025 selloff2025 |
-19.91%Dec 2018 | 3mo 25d | 6mo 27d | 10mo 22dAug 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
-10.38%Mar 2026 | 3mo 15d | 1mo 8d | 4mo 23dDec 2025 - May 2026 | — |
Drawdown Indicators
| MUMC.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -48.87% | +10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.17% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -19.59% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -23.14% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -1.78% | -0.82% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -9.63% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.47% | +1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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