MFC vs. BIP-UN.TO
MFC (Manulife Financial Corporation) and BIP-UN.TO (Brookfield Infrastructure Partners L.P) are both stocks. MFC operates in Insurance - Life (Financial Services), while BIP-UN.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, MFC returned 16.48%/yr vs 28.99%/yr for BIP-UN.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
MFC vs. BIP-UN.TO - Performance Comparison
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Different Trading Currencies
MFC is traded in USD, while BIP-UN.TO is traded in CAD. To make them comparable, the BIP-UN.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MFC achieves a 13.26% return, which is significantly higher than BIP-UN.TO's 12.53% return. Over the past 10 years, MFC has underperformed BIP-UN.TO with an annualized return of 16.48%, while BIP-UN.TO has yielded a comparatively higher 28.99% annualized return.
MFC
- 1D
- 1.31%
- 1M
- 2.09%
- YTD
- 13.26%
- 6M
- 15.81%
- 1Y
- 30.35%
- 3Y*
- 33.59%
- 5Y*
- 20.37%
- 10Y*
- 16.48%
BIP-UN.TO
- 1D
- -0.36%
- 1M
- 1.15%
- YTD
- 12.53%
- 6M
- 12.91%
- 1Y
- 19.48%
- 3Y*
- 6.64%
- 5Y*
- 14.97%
- 10Y*
- 28.99%
MFC vs. BIP-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 13.26% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
BIP-UN.TO Brookfield Infrastructure Partners L.P | 12.53% | 15.30% | 6.27% | 7.08% | 20.25% | 27.91% | 17.32% | 52.53% | -17.94% | 42.93% |
Correlation
The correlation between MFC and BIP-UN.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.23 |
The correlation between MFC and BIP-UN.TO shifts across timeframes, from 0.23 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
MFC:
$48.69B
BIP-UN.TO:
CA$24.64B
MFC:
CA$4.06
BIP-UN.TO:
$0.91
MFC:
13.89
BIP-UN.TO:
42.33
MFC:
4.87
BIP-UN.TO:
0.22
MFC:
1.12
BIP-UN.TO:
0.74
MFC:
1.54
BIP-UN.TO:
3.82
MFC:
CA$79.35B
BIP-UN.TO:
$24.01B
MFC:
CA$26.46B
BIP-UN.TO:
$6.49B
MFC:
CA$8.26B
BIP-UN.TO:
$11.14B
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Return for Risk
MFC vs. BIP-UN.TO — Risk / Return Rank
MFC
BIP-UN.TO
MFC vs. BIP-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Brookfield Infrastructure Partners L.P (BIP-UN.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.
| MFC | BIP-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.62 | +0.82 |
| Martin ratioReturn relative to average drawdown | 6.98 | 3.52 | +3.45 |
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Drawdowns
MFC vs. BIP-UN.TO - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, which is greater than BIP-UN.TO's maximum drawdown of -51.41%. Use the drawdown chart below to compare losses from any high point for MFC and BIP-UN.TO.
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Drawdown Indicators
| MFC | BIP-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -51.41% | -32.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -12.06% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -41.09% | +24.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -47.89% | +20.90% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -51.41% | -6.03% |
Current DrawdownCurrent decline from peak | 0.00% | -2.64% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -29.39% | -7.79% | -21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 5.55% | -1.12% |
Volatility
MFC vs. BIP-UN.TO - Volatility Comparison
Manulife Financial Corporation (MFC) has a higher volatility of 8.02% compared to Brookfield Infrastructure Partners L.P (BIP-UN.TO) at 4.57%. This indicates that MFC's price experiences larger fluctuations and is considered to be riskier than BIP-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | BIP-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 4.57% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 14.19% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 18.40% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 33.33% | -9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 38.91% | -10.52% |
Dividends
MFC vs. BIP-UN.TO - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.31%, less than BIP-UN.TO's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIP-UN.TO Brookfield Infrastructure Partners L.P | 4.55% | 5.04% | 4.85% | 5.00% | 4.23% | 3.97% | 5.61% | 5.62% | 6.65% | 5.64% | 5.16% | 10.13% |
MFC Manulife Financial Corporation | 3.31% | 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. BIP-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Manulife Financial Corporation and Brookfield Infrastructure Partners L.P. 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. BIP-UN.TO - 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%.
BIP-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a gross profit of 1.70B and revenue of 6.30B. Therefore, the gross margin over that period was 26.9%.
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%.
BIP-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported an operating income of 1.59B and revenue of 6.30B, resulting in an operating margin of 25.2%.
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%.
BIP-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Infrastructure Partners L.P reported a net income of -86.00M and revenue of 6.30B, resulting in a net margin of -1.4%.
Frequently Asked Questions
MFC and BIP-UN.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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