AEM vs. MFC
AEM (Agnico Eagle Mines Limited) and MFC (Manulife Financial Corporation) are both stocks. AEM operates in Gold (Basic Materials), while MFC operates in Insurance - Life (Financial Services). Over the past 10 years, AEM returned 14.70%/yr vs 16.48%/yr for MFC. At a 0.12 correlation, their price movements are largely independent.
Performance
AEM vs. MFC - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a -3.66% return, which is significantly lower than MFC's 13.26% return. Over the past 10 years, AEM has underperformed MFC with an annualized return of 14.70%, while MFC has yielded a comparatively higher 16.48% annualized return.
AEM
- 1D
- 3.09%
- 1M
- -16.80%
- YTD
- -3.66%
- 6M
- -2.93%
- 1Y
- 34.46%
- 3Y*
- 50.92%
- 5Y*
- 20.78%
- 10Y*
- 14.70%
MFC
- 1D
- 1.31%
- 1M
- 2.09%
- YTD
- 13.26%
- 6M
- 15.81%
- 1Y
- 30.35%
- 3Y*
- 33.59%
- 5Y*
- 20.37%
- 10Y*
- 16.48%
AEM vs. MFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | -3.66% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
MFC Manulife Financial Corporation | 13.26% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
Correlation
The correlation between AEM and MFC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.12 |
The correlation between AEM and MFC shifts across timeframes, from 0.09 (10 years) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AEM:
$81.60B
MFC:
$48.69B
AEM:
$10.60
MFC:
CA$4.06
AEM:
15.35
MFC:
13.89
AEM:
0.24
MFC:
4.87
AEM:
6.06
MFC:
1.12
AEM:
3.11
MFC:
1.54
AEM:
$13.51B
MFC:
CA$79.35B
AEM:
$8.28B
MFC:
CA$26.46B
AEM:
$9.72B
MFC:
CA$8.26B
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Return for Risk
AEM vs. MFC — Risk / Return Rank
AEM
MFC
AEM vs. MFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Manulife Financial Corporation (MFC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AEM | MFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.44 | -1.56 |
| Martin ratioReturn relative to average drawdown | 2.48 | 6.98 | -4.50 |
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Drawdowns
AEM vs. MFC - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than MFC's maximum drawdown of -83.61%. Use the drawdown chart below to compare losses from any high point for AEM and MFC.
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Drawdown Indicators
| AEM | MFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -83.61% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -12.49% | -26.90% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -16.75% | -22.64% |
Max Drawdown (5Y)Largest decline over 5 years | -45.03% | -26.99% | -18.04% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -57.44% | +3.58% |
Current DrawdownCurrent decline from peak | -35.35% | 0.00% | -35.35% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -29.39% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 4.43% | +9.50% |
Volatility
AEM vs. MFC - Volatility Comparison
Agnico Eagle Mines Limited (AEM) has a higher volatility of 15.31% compared to Manulife Financial Corporation (MFC) at 8.02%. This indicates that AEM's price experiences larger fluctuations and is considered to be riskier than MFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | MFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 8.02% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 15.87% | +20.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 20.74% | +23.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 24.12% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 28.39% | +8.96% |
Dividends
AEM vs. MFC - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, less than MFC's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.05% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
MFC Manulife Financial Corporation | 3.31% | 3.45% | 4.16% | 4.86% | 5.71% | 4.91% | 4.70% | 3.71% | 4.08% | 3.93% | 4.15% | 5.38% |
Financials
AEM vs. MFC - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Manulife Financial Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AEM vs. MFC - Profitability Comparison
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
MFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manulife Financial Corporation reported a gross profit of 12.31B and revenue of 12.31B. Therefore, the gross margin over that period was 100.0%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
MFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manulife Financial Corporation reported an operating income of 1.47B and revenue of 12.31B, resulting in an operating margin of 11.9%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
MFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manulife Financial Corporation reported a net income of 1.20B and revenue of 12.31B, resulting in a net margin of 9.7%.
Frequently Asked Questions
AEM and MFC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEM has higher volatility (15.31%) compared to MFC (8.02%). In terms of maximum drawdown, AEM dropped -90.49% vs MFC's -83.61%.
MFC currently has the higher Sharpe Ratio (1.47 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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