Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO)

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Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) is up 13.5% since the beginning of the year. MUSC.TO is currently trading at CA$41 per share. Investors who bought CA$1,000 worth of MUSC.TO shares 5 years ago would now be looking at an investment worth CA$1,350.

Manulife Multifactor U.S. Small Cap Index ETF Hedged (MUSC.TO) has returned 13.47% so far this year and 22.18% over the past 12 months.

Based on dividend-adjusted daily data since Nov 27, 2017, MUSC.TO's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.

Historically, 52% of months were positive and 48% were negative. The best month was Apr 2020 with a return of +17.5%, while the worst month was Mar 2020 at -28.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MUSC.TO closed higher 9% of trading days. The best single day was Apr 29, 2020 with a return of +15.3%, while the worst single day was Mar 17, 2020 at -33.1%.

Manulife Multifactor U.S. Small Cap Index ETF Hedged has an annualized alpha of 9.75%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 27, 2017.

• This ETF participated in 80.73% of S&P 500 Index downside but only 60.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

MUSC.TO ranks 91 for risk / return — in the top 91% 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.

Manulife Multifactor U.S. Small Cap Index ETF Hedged provided a 0.78% dividend yield over the last twelve months, with an annual payout of CA$0.32 per share.

The table displays the monthly dividend distributions for Manulife Multifactor U.S. Small Cap Index ETF Hedged. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Manulife Multifactor U.S. Small 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. Small Cap Index ETF Hedged was 37.77%, occurring on Mar 17, 2020. Recovery took 183 trading sessions.

The chart below shows the rolling one-month volatility.