PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MFC.TO vs. XQQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MFC.TO vs. XQQ.TO

Last updated Jun 4, 2026

MFC.TO (Manulife Financial Corporation) is a stock, while XQQ.TO (iShares NASDAQ 100 Index ETF (CAD-Hedged)) is Nasdaq-100 fund tracking the Morningstar US Market TR CAD. Over the past 10 years, MFC.TO returned 16.02%/yr vs 19.70%/yr for XQQ.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

MFC.TO vs. XQQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Financial Corporation (MFC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MFC.TO achieves a 8.46% return, which is significantly lower than XQQ.TO's 19.81% return. Over the past 10 years, MFC.TO has underperformed XQQ.TO with an annualized return of 16.02%, while XQQ.TO has yielded a comparatively higher 19.70% annualized return.

MFC.TO

1D
-0.28%
1M
2.04%
YTD
8.46%
6M
10.34%
1Y
25.66%
3Y*
32.71%
5Y*
21.69%
10Y*
16.02%

XQQ.TO

1D
-0.27%
1M
10.58%
YTD
19.81%
6M
18.06%
1Y
38.49%
3Y*
26.43%
5Y*
15.31%
10Y*
19.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MFC.TO vs. XQQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MFC.TO
Manulife Financial Corporation		8.46%17.45%57.53%28.33%5.83%11.57%-8.03%41.99%-23.25%13.30%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		19.81%18.38%24.23%52.23%-33.67%22.29%45.23%37.48%-2.33%31.83%

Correlation

The correlation between MFC.TO and XQQ.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.44

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

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since May 11, 2011

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Manulife Financial Corporation

iShares NASDAQ 100 Index ETF (CAD-Hedged)

Often compared with MFC.TO:
MFC.TO vs. SLF.TOMFC.TO vs. GWO.TOMFC.TO vs. MFCMFC.TO vs. POW.TOMFC.TO vs. BNS.TOMFC.TO vs. IAG.TOMFC.TO vs. VDY.TO
Often compared with XQQ.TO:
XQQ.TO vs. QQC.TOXQQ.TO vs. VFV.TOXQQ.TO vs. HXQ.TOXQQ.TO vs. XQQU.TOXQQ.TO vs. QQQXQQ.TO vs. ZQQ.TOXQQ.TO vs. TEC.TO

Return for Risk

MFC.TO vs. XQQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MFC.TO
MFC.TO Risk / Return Rank: 7474
Overall Rank
MFC.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
MFC.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
MFC.TO Omega Ratio Rank: 7070
Omega Ratio Rank
MFC.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
MFC.TO Martin Ratio Rank: 7878
Martin Ratio Rank
XQQ.TO
XQQ.TO Risk / Return Rank: 6666
Overall Rank
XQQ.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XQQ.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
XQQ.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XQQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
XQQ.TO Martin Ratio Rank: 6262
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.

MFC.TO vs. XQQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC.TO) and iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.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.

MFC.TOXQQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.30
2.45

-1.15

Sortino ratioReturn per unit of downside risk
1.74
3.20

-1.47

Omega ratioGain probability vs. loss probability

1.23

1.42

-0.19

Calmar ratioReturn relative to maximum drawdown

2.03

3.03

-1.00

Martin ratioReturn relative to average drawdown

6.04

11.31

-5.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFC.TO vs. XQQ.TO - Sharpe Ratio Comparison

The current MFC.TO Sharpe Ratio is 1.30, which is lower than the XQQ.TO Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MFC.TO and XQQ.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.

Loading charts...

Sharpe Ratios by Period

MFC.TOXQQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.30

2.45

-1.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.68

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.89

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.74

0.86

-1.60

Drawdowns

MFC.TO vs. XQQ.TO - Drawdown Comparison

The maximum MFC.TO drawdown since its inception was -100.00%, which is greater than XQQ.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for MFC.TO and XQQ.TO.

Loading charts...

Drawdown Indicators

MFC.TOXQQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-38.55%

-61.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.71%

-12.76%

+0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-17.63%

-22.72%

+5.09%

Max Drawdown (5Y)

Largest decline over 5 years

-21.05%

-38.55%

+17.50%

Max Drawdown (10Y)

Largest decline over 10 years

-52.68%

-38.55%

-14.13%

Current Drawdown

Current decline from peak

-99.97%

-0.27%

-99.70%

Average Drawdown

Average peak-to-trough decline

-99.95%

-5.92%

-94.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.26%

3.41%

+0.85%

Volatility

MFC.TO vs. XQQ.TO - Volatility Comparison

Manulife Financial Corporation (MFC.TO) has a higher volatility of 8.00% compared to iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ.TO) at 4.48%. This indicates that MFC.TO's price experiences larger fluctuations and is considered to be riskier than XQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

MFC.TOXQQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.00%

4.48%

+3.52%

Volatility (6M)

Calculated over the trailing 6-month period

15.31%

12.00%

+3.31%

Volatility (1Y)

Calculated over the trailing 1-year period

19.84%

15.82%

+4.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.55%

22.52%

-0.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.12%

22.34%

+3.78%

Dividends

MFC.TO vs. XQQ.TO - Dividend Comparison

MFC.TO's dividend yield for the trailing twelve months is around 3.49%, more than XQQ.TO's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
MFC.TO
Manulife Financial Corporation		3.49%3.53%3.62%4.99%5.47%4.85%5.83%3.79%4.70%3.13%3.09%3.21%
XQQ.TO
iShares NASDAQ 100 Index ETF (CAD-Hedged)		0.21%0.25%0.32%0.31%0.43%0.17%0.26%0.46%0.52%0.53%0.76%0.62%

Frequently Asked Questions

MFC.TO and XQQ.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for MFC.TO and XQQ.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer