MFC vs. AMG
MFC (Manulife Financial Corporation) and AMG (Affiliated Managers Group, Inc.) are both stocks. Both are in the Financial Services sector — MFC in Insurance - Life, AMG in Asset Management. Over the past 10 years, MFC returned 15.88%/yr vs 8.09%/yr for AMG. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MFC vs. AMG - Performance Comparison
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Returns By Period
In the year-to-date period, MFC achieves a 9.27% return, which is significantly lower than AMG's 16.78% return. Over the past 10 years, MFC has outperformed AMG with an annualized return of 15.88%, while AMG has yielded a comparatively lower 8.09% annualized return.
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%
AMG
- 1D
- -0.06%
- 1M
- 11.17%
- YTD
- 16.78%
- 6M
- 24.59%
- 1Y
- 84.69%
- 3Y*
- 31.53%
- 5Y*
- 15.94%
- 10Y*
- 8.09%
MFC vs. AMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 9.27% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
AMG Affiliated Managers Group, Inc. | 16.78% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
Correlation
The correlation between MFC and AMG is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.51 |
The correlation between MFC and AMG shifts across timeframes, from 0.41 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MFC:
$46.97B
AMG:
$9.26B
MFC:
$4.06
AMG:
$24.29
MFC:
9.59
AMG:
13.86
MFC:
3.36
AMG:
0.46
MFC:
0.78
AMG:
4.42
MFC:
1.07
AMG:
3.00
MFC:
$79.35B
AMG:
$2.37B
MFC:
$26.46B
AMG:
$1.61B
MFC:
$8.26B
AMG:
$1.53B
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Return for Risk
MFC vs. AMG — Risk / Return Rank
MFC
AMG
MFC vs. AMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Affiliated Managers Group, Inc. (AMG). 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 | AMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.32 | -2.34 |
| Martin ratioReturn relative to average drawdown | 5.41 | 12.31 | -6.90 |
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
| MFC | AMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 2.75 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.49 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.23 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.26 | +0.08 |
Drawdowns
MFC vs. AMG - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, roughly equal to the maximum AMG drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for MFC and AMG.
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Drawdown Indicators
| MFC | AMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -85.92% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -19.72% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -26.97% | +10.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -41.22% | +14.23% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -78.52% | +21.08% |
Current DrawdownCurrent decline from peak | -1.95% | -0.06% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -29.41% | -24.72% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 6.90% | -2.26% |
Volatility
MFC vs. AMG - Volatility Comparison
The current volatility for Manulife Financial Corporation (MFC) is 7.84%, while Affiliated Managers Group, Inc. (AMG) has a volatility of 9.00%. This indicates that MFC experiences smaller price fluctuations and is considered to be less risky than AMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | AMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 9.00% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.82% | 25.55% | -9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 31.02% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 32.41% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.42% | 34.72% | -6.30% |
Dividends
MFC vs. AMG - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.43%, more than AMG's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
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
MFC vs. AMG - Financials Comparison
This section allows you to compare key financial metrics between Manulife Financial Corporation and Affiliated Managers Group, Inc.. 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
MFC vs. AMG - Profitability Comparison
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%.
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
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%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
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%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
Frequently Asked Questions
MFC and AMG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMG has higher volatility (9.00%) compared to MFC (7.84%). In terms of maximum drawdown, MFC dropped -83.61% vs AMG's -85.92%.
AMG currently has the higher Sharpe Ratio (2.75 vs 1.19), 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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