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HUM.TO vs. MUMC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUM.TO vs. MUMC.TO

Last updated Jul 18, 2026
Documentation

HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) and MUMC.TO (Manulife Multifactor U.S. Mid Cap Index ETF Hedged) are both exchange-traded funds - HUM.TO is a Financials Equities fund actively managed by Hamilton, while MUMC.TO is a Mid Cap Blend Equities fund actively managed by Manulife. Both are actively managed. Over the past 5 years, HUM.TO returned 9.59%/yr vs 6.11%/yr for MUMC.TO. At a 0.24 correlation, their price movements are largely independent.

Performance

HUM.TO vs. MUMC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) and Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUM.TO achieves a 4.67% return, which is significantly lower than MUMC.TO's 10.75% return.

HUM.TO

1D
0.63%
1M
4.74%
6M
2.45%
YTD
4.67%
1Y
6.69%
3Y*
16.12%
5Y*
9.59%
10Y*
—

MUMC.TO

1D
-0.11%
1M
-0.49%
6M
5.96%
YTD
10.75%
1Y
13.08%
3Y*
10.68%
5Y*
6.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HUM.TO vs. MUMC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		4.67%4.39%12.82%23.80%-11.26%41.41%-7.33%25.28%-26.84%
MUMC.TO
Manulife Multifactor U.S. Mid Cap Index ETF Hedged		10.75%4.82%13.82%13.06%-17.20%24.09%12.29%29.38%-14.81%

Correlation

The correlation between HUM.TO and MUMC.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2018

0.24

The correlation between HUM.TO and MUMC.TO shifts across timeframes, from 0.20 (5 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Hamilton U.S. Mid-Cap Financials ETF

Manulife Multifactor U.S. Mid Cap Index ETF Hedged

Often compared with HUM.TO:
HUM.TO vs. ZMID.TOHUM.TO vs. HBA.TOHUM.TO vs. HEB.TOHUM.TO vs. BNKL.TOHUM.TO vs. CBNK.TOHUM.TO vs. CEW.TOHUM.TO vs. CFOU.TO
Often compared with MUMC.TO:
MUMC.TO vs. MUSC.TOMUMC.TO vs. DXZ.TOMUMC.TO vs. MCLC.TOMUMC.TO vs. MCSM.TOMUMC.TO vs. MINT.TOMUMC.TO vs. MULC.TOMUMC.TO vs. ZMID.TO

Return for Risk

HUM.TO vs. MUMC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUM.TO
HUM.TO Risk / Return Rank: 1919
Overall Rank
HUM.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
HUM.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
HUM.TO Omega Ratio Rank: 1919
Omega Ratio Rank
HUM.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
HUM.TO Martin Ratio Rank: 1818
Martin Ratio Rank
MUMC.TO
MUMC.TO Risk / Return Rank: 3030
Overall Rank
MUMC.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
MUMC.TO Sortino Ratio Rank: 2525
Sortino Ratio Rank
MUMC.TO Omega Ratio Rank: 3030
Omega Ratio Rank
MUMC.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
MUMC.TO Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HUM.TO vs. MUMC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) and Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.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.

HUM.TOMUMC.TODifference
Sharpe ratioReturn per unit of total volatility
0.47
0.74

-0.27

Sortino ratioReturn per unit of downside risk
0.78
1.08

-0.30

Omega ratioGain probability vs. loss probability

1.10

1.16

-0.06

Calmar ratioReturn relative to maximum drawdown

0.56

1.27

-0.71

Martin ratioReturn relative to average drawdown

1.37

3.75

-2.38

HUM.TO vs. MUMC.TO - Sharpe Ratio Comparison

The current HUM.TO Sharpe Ratio is 0.47, which is lower than the MUMC.TO Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of HUM.TO and MUMC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HUM.TO vs. MUMC.TO - Drawdown Comparison

The maximum HUM.TO drawdown since its inception was -49.06%, which is greater than MUMC.TO's maximum drawdown of -38.47%. Use the drawdown chart below to compare losses from any high point for HUM.TO and MUMC.TO.

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Drawdown Indicators

HUM.TOMUMC.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.06%

-38.47%

-10.59%

Max Drawdown (1Y)

Largest decline over 1 year

-14.68%

-10.38%

-4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-31.97%

-21.77%

-10.20%

Max Drawdown (5Y)

Largest decline over 5 years

-34.43%

-24.62%

-9.81%

Current Drawdown

Current decline from peak

-13.14%

-1.94%

-11.20%

Average Drawdown

Average peak-to-trough decline

-15.32%

-6.48%

-8.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.00%

3.49%

+2.51%

Volatility

HUM.TO vs. MUMC.TO - Volatility Comparison

Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) has a higher volatility of 4.36% compared to Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO) at 3.01%. This indicates that HUM.TO's price experiences larger fluctuations and is considered to be riskier than MUMC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUM.TOMUMC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

3.01%

+1.35%

Volatility (6M)

Calculated over the trailing 6-month period

12.63%

10.47%

+2.16%

Volatility (1Y)

Calculated over the trailing 1-year period

17.62%

17.89%

-0.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

62.07%

18.57%

+43.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.44%

19.44%

+44.00%

Dividends

HUM.TO vs. MUMC.TO - Dividend Comparison

HUM.TO's dividend yield for the trailing twelve months is around 1.26%, more than MUMC.TO's 0.82% yield.

PositionTTM202520242023202220212020201920182017
HUM.TO
Hamilton U.S. Mid-Cap Financials ETF		1.26%1.26%1.19%1.35%3.58%2.18%0.68%0.00%0.00%0.00%
MUMC.TO
Manulife Multifactor U.S. Mid Cap Index ETF Hedged		0.82%1.00%0.70%1.05%0.86%0.63%0.90%0.90%1.19%0.73%

Frequently Asked Questions

HUM.TO and MUMC.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HUM.TO is categorized as Financials Equities, while MUMC.TO is Mid Cap Blend Equities. They also come from different issuers: Hamilton and Manulife.

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