MFC vs. ALL

Last updated Apr 1, 2026

Compare and contrast key facts about Manulife Financial Corporation (MFC) and The Allstate Corporation (ALL).

Performance

MFC vs. ALL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manulife Financial Corporation (MFC) and The Allstate Corporation (ALL). The values are adjusted to include any dividend payments, if applicable.

MFC vs. ALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFC Manulife Financial Corporation	-4.12%	22.95%	45.75%	31.13%	-1.18%	12.17%	-7.18%	49.19%	-29.89%	22.17%
ALL The Allstate Corporation	0.11%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%

Fundamentals

Market Cap MFC : $42.36B ALL : $54.88B
EPS MFC : $3.73 ALL : $38.61
PE Ratio MFC : 9.23 ALL : 5.37
PEG Ratio MFC : 3.14 ALL : 0.15
PS Ratio MFC : 0.64 ALL : 0.83
PB Ratio MFC : 0.98 ALL : 1.92
Total Revenue (TTM) MFC : $83.02B ALL : $66.46B
Gross Profit (TTM) MFC : $25.43B ALL : $22.09B
EBITDA (TTM) MFC : $7.53B ALL : $13.93B

Returns By Period

In the year-to-date period, MFC achieves a -4.12% return, which is significantly lower than ALL's 0.11% return. Both investments have delivered pretty close results over the past 10 years, with MFC having a 14.59% annualized return and ALL not far behind at 14.24%.

MFC

• 1D: 2.35%
• 1M: -3.10%
• YTD: -4.12%
• 6M: 12.66%
• 1Y: 14.99%
• 3Y*: 29.25%
• 5Y*: 15.14%
• 10Y*: 14.59%

ALL

• 1D: 0.03%
• 1M: -2.86%
• YTD: 0.11%
• 6M: -2.46%
• 1Y: 2.10%
• 3Y*: 26.07%
• 5Y*: 15.05%
• 10Y*: 14.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MFC vs. ALL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MFC

MFC Risk / Return Rank: 62
MFC Sharpe Ratio Rank: 64
MFC Sortino Ratio Rank: 54
MFC Omega Ratio Rank: 57
MFC Calmar Ratio Rank: 64
MFC Martin Ratio Rank: 69

ALL

ALL Risk / Return Rank: 43
ALL Sharpe Ratio Rank: 45
ALL Sortino Ratio Rank: 37
ALL Omega Ratio Rank: 37
ALL Calmar Ratio Rank: 47
ALL Martin Ratio Rank: 48

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 vs. ALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and The Allstate Corporation (ALL). 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	ALL	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.08	+0.52
Sortino ratio Return per unit of downside risk	0.92	0.28	+0.64
Omega ratio Gain probability vs. loss probability	1.14	1.04	+0.10
Calmar ratio Return relative to maximum drawdown	0.98	0.19	+0.80
Martin ratio Return relative to average drawdown	3.08	0.44	+2.64
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 vs. ALL - Sharpe Ratio Comparison

The current MFC Sharpe Ratio is 0.60, which is higher than the ALL Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of MFC and ALL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MFC	ALL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.08	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.60	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.58	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.37	-0.04

Correlation

The correlation between MFC and ALL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MFC vs. ALL - Dividend Comparison

MFC's dividend yield for the trailing twelve months is around 3.77%, more than ALL's 1.97% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFC Manulife Financial Corporation	3.77%	3.45%	4.16%	4.86%	5.71%	4.91%	4.70%	3.71%	4.08%	3.93%	4.15%	5.38%
ALL The Allstate Corporation	1.97%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%

Drawdowns

MFC vs. ALL - Drawdown Comparison

The maximum MFC drawdown since its inception was -83.61%, which is greater than ALL's maximum drawdown of -77.03%. Use the drawdown chart below to compare losses from any high point for MFC and ALL.

Drawdown Indicators

	MFC	ALL	Difference
Max Drawdown Largest peak-to-trough decline	-83.61%	-77.03%	-6.58%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-13.00%	-3.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-27.35%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-57.44%	-41.39%	-16.05%
Current Drawdown Current decline from peak	-9.77%	-3.19%	-6.58%
Average Drawdown Average peak-to-trough decline	-29.60%	-16.52%	-13.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	5.48%	-0.14%

Volatility

MFC vs. ALL - Volatility Comparison

Manulife Financial Corporation (MFC) has a higher volatility of 6.12% compared to The Allstate Corporation (ALL) at 5.09%. This indicates that MFC's price experiences larger fluctuations and is considered to be riskier than ALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFC	ALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	5.09%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	13.84%	16.29%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	24.99%	25.63%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.93%	25.26%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.48%	24.80%	+3.68%

Financials

MFC vs. ALL - Profitability Comparison

The chart below illustrates the profitability comparison between Manulife Financial Corporation and The Allstate Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MFC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Manulife Financial Corporation reported a gross profit of 15.54B and revenue of 15.54B. Therefore, the gross margin over that period was 100.0%.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Allstate Corporation reported a gross profit of 8.79B and revenue of 16.59B. Therefore, the gross margin over that period was 53.0%.

MFC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Manulife Financial Corporation reported an operating income of 1.90B and revenue of 15.54B, resulting in an operating margin of 12.3%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Allstate Corporation reported an operating income of 4.92B and revenue of 16.59B, resulting in an operating margin of 29.6%.

MFC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Manulife Financial Corporation reported a net income of 1.56B and revenue of 15.54B, resulting in a net margin of 10.0%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Allstate Corporation reported a net income of 3.83B and revenue of 16.59B, resulting in a net margin of 23.1%.