BRKY.NEO vs. MULC.TO
BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and MULC.TO (Manulife Multifactor U.S. Large Cap Index ETF Hedged) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, BRKY.NEO returned 13.42%/yr vs 15.72%/yr for MULC.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
BRKY.NEO vs. MULC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BRKY.NEO achieves a -3.22% return, which is significantly lower than MULC.TO's 9.54% return.
BRKY.NEO
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- -1.18%
- YTD
- -3.22%
- 1Y
- 1.83%
- 3Y*
- 13.42%
- 5Y*
- —
- 10Y*
- —
MULC.TO
- 1D
- -0.71%
- 1M
- -0.72%
- 6M
- 7.53%
- YTD
- 9.54%
- 1Y
- 18.88%
- 3Y*
- 15.72%
- 5Y*
- 9.90%
- 10Y*
- —
BRKY.NEO vs. MULC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF | -3.22% | 9.36% | 34.10% | 15.48% | 2.16% |
MULC.TO Manulife Multifactor U.S. Large Cap Index ETF Hedged | 9.54% | 13.42% | 18.78% | 18.95% | -0.27% |
Correlation
The correlation between BRKY.NEO and MULC.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2022 | 0.20 |
The correlation between BRKY.NEO and MULC.TO shifts across timeframes, from 0.05 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRKY.NEO vs. MULC.TO — Risk / Return Rank
BRKY.NEO
MULC.TO
BRKY.NEO vs. MULC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) and Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO). 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.
| BRKY.NEO | MULC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.28 | -2.11 |
| Martin ratioReturn relative to average drawdown | 0.37 | 10.01 | -9.64 |
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Drawdowns
BRKY.NEO vs. MULC.TO - Drawdown Comparison
The maximum BRKY.NEO drawdown since its inception was -17.42%, smaller than the maximum MULC.TO drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for BRKY.NEO and MULC.TO.
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Drawdown Indicators
| BRKY.NEO | MULC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -35.21% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -8.32% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.42% | -18.10% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.00% | — |
Current DrawdownCurrent decline from peak | -12.33% | -1.44% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -5.17% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 1.89% | +3.14% |
Volatility
BRKY.NEO vs. MULC.TO - Volatility Comparison
Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) has a higher volatility of 4.11% compared to Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) at 2.96%. This indicates that BRKY.NEO's price experiences larger fluctuations and is considered to be riskier than MULC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRKY.NEO | MULC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 2.96% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 9.96% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 12.16% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 15.51% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.16% | -0.16% |
Dividends
BRKY.NEO vs. MULC.TO - Dividend Comparison
BRKY.NEO's dividend yield for the trailing twelve months is around 7.64%, more than MULC.TO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF | 7.64% | 5.58% | 10.93% | 5.41% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
MULC.TO Manulife Multifactor U.S. Large Cap Index ETF Hedged | 0.81% | 0.85% | 0.85% | 0.83% | 1.39% | 0.77% | 1.36% | 1.21% | 1.39% |
Frequently Asked Questions
BRKY.NEO and MULC.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Purpose Investments and Manulife.
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