FNF vs. MFC
FNF (Fidelity National Financial, Inc.) and MFC (Manulife Financial Corporation) are both stocks. Both are in the Financial Services sector — FNF in Insurance - Specialty, MFC in Insurance - Life. Over the past 10 years, FNF returned 10.97%/yr vs 15.88%/yr for MFC. At a 0.39 correlation, their price movements are largely independent.
Performance
FNF vs. MFC - Performance Comparison
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Returns By Period
In the year-to-date period, FNF achieves a -12.87% return, which is significantly lower than MFC's 9.27% return. Over the past 10 years, FNF has underperformed MFC with an annualized return of 10.97%, while MFC has yielded a comparatively higher 15.88% annualized return.
FNF
- 1D
- -0.74%
- 1M
- -6.98%
- YTD
- -12.87%
- 6M
- -12.33%
- 1Y
- -7.43%
- 3Y*
- 15.62%
- 5Y*
- 5.47%
- 10Y*
- 10.97%
MFC
- 1D
- 0.46%
- 1M
- -1.92%
- YTD
- 9.27%
- 6M
- 13.46%
- 1Y
- 24.59%
- 3Y*
- 32.27%
- 5Y*
- 19.18%
- 10Y*
- 15.88%
FNF vs. MFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNF Fidelity National Financial, Inc. | -12.87% | 4.35% | 14.02% | 42.18% | -21.64% | 38.04% | -10.34% | 48.75% | -17.22% | 65.53% |
MFC Manulife Financial Corporation | 9.27% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
Correlation
The correlation between FNF and MFC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.39 |
The correlation between FNF and MFC shifts across timeframes, from 0.39 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FNF:
$12.66B
MFC:
$46.97B
FNF:
$2.81
MFC:
$4.06
FNF:
16.75
MFC:
9.59
FNF:
0.86
MFC:
0.78
FNF:
1.45
MFC:
1.07
FNF:
$14.81B
MFC:
$79.35B
FNF:
$7.82B
MFC:
$26.46B
FNF:
$2.12B
MFC:
$8.26B
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Return for Risk
FNF vs. MFC — Risk / Return Rank
FNF
MFC
FNF vs. MFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) 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.
| FNF | MFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.22 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.98 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.78 | 5.41 | -6.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNF | MFC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 1.19 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.80 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.56 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.34 | -0.08 |
Drawdowns
FNF vs. MFC - Drawdown Comparison
The maximum FNF drawdown since its inception was -72.49%, smaller than the maximum MFC drawdown of -83.61%. Use the drawdown chart below to compare losses from any high point for FNF and MFC.
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Drawdown Indicators
| FNF | MFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.49% | -83.61% | +11.12% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -12.49% | -11.94% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -16.75% | -13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -36.69% | -26.99% | -9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -56.21% | -57.44% | +1.23% |
Current DrawdownCurrent decline from peak | -23.93% | -1.95% | -21.98% |
Average DrawdownAverage peak-to-trough decline | -17.12% | -29.41% | +12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.50% | 4.64% | +4.86% |
Volatility
FNF vs. MFC - Volatility Comparison
Fidelity National Financial, Inc. (FNF) and Manulife Financial Corporation (MFC) have volatilities of 7.89% and 7.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNF | MFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 7.84% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 15.82% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.95% | 20.72% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.10% | 24.13% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.13% | 28.42% | -0.29% |
Dividends
FNF vs. MFC - Dividend Comparison
FNF's dividend yield for the trailing twelve months is around 4.26%, more than MFC's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNF Fidelity National Financial, Inc. | 4.26% | 3.60% | 3.46% | 3.59% | 4.57% | 2.99% | 3.45% | 2.78% | 3.82% | 37.01% | 2.59% | 2.31% |
MFC Manulife Financial Corporation | 3.43% | 3.45% | 4.16% | 4.86% | 5.71% | 4.91% | 4.70% | 3.71% | 4.08% | 3.93% | 4.15% | 5.38% |
Financials
FNF vs. MFC - Financials Comparison
This section allows you to compare key financial metrics between Fidelity National Financial, Inc. 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
FNF vs. MFC - Profitability Comparison
FNF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported a gross profit of 0.00 and revenue of 3.23B. Therefore, the gross margin over that period was 0.0%.
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%.
FNF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported an operating income of 0.00 and revenue of 3.23B, resulting in an operating margin of 0.0%.
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%.
FNF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported a net income of 243.00M and revenue of 3.23B, resulting in a net margin of 7.5%.
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
FNF and MFC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNF has higher volatility (7.89%) compared to MFC (7.84%). In terms of maximum drawdown, FNF dropped -72.49% vs MFC's -83.61%.
MFC currently has the higher Sharpe Ratio (1.19 vs -0.29), 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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