MFC vs. IWM
MFC (Manulife Financial Corporation) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, MFC returned 18.03%/yr vs 10.70%/yr for IWM. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
MFC vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, MFC achieves a 24.86% return, which is significantly higher than IWM's 18.79% return. Over the past 10 years, MFC has outperformed IWM with an annualized return of 18.03%, while IWM has yielded a comparatively lower 10.70% annualized return.
MFC
- 1D
- -0.25%
- 1M
- 7.92%
- 6M
- 18.87%
- YTD
- 24.86%
- 1Y
- 51.68%
- 3Y*
- 37.04%
- 5Y*
- 24.01%
- 10Y*
- 18.03%
- ALL TIME*
- 11.72%
IWM
- 1D
- -0.48%
- 1M
- -2.14%
- 6M
- 12.62%
- YTD
- 18.79%
- 1Y
- 36.90%
- 3Y*
- 15.11%
- 5Y*
- 6.99%
- 10Y*
- 10.70%
- ALL TIME*
- 8.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.67B | $6.32B | $7.45B | |
| $74.72M | $67.05M | $82.57M |
MFC vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 24.86% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
IWM iShares Russell 2000 ETF | 18.79% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between MFC and IWM is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.55 |
The correlation between MFC and IWM has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
MFC vs. IWM — Risk / Return Rank
MFC
IWM
MFC vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.11 | +0.85 |
| Martin ratioReturn relative to average drawdown | 12.30 | 11.02 | +1.28 |
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Drawdowns
MFC vs. IWM - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for MFC and IWM.
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Drawdown Indicators
| MFC | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -59.05% | -24.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -11.03% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -27.50% | +10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -31.91% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -41.13% | -16.31% |
Current DrawdownCurrent decline from peak | -0.45% | -3.08% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -29.25% | -10.71% | -18.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 3.11% | +0.90% |
Volatility
MFC vs. IWM - Volatility Comparison
Manulife Financial Corporation (MFC) has a higher volatility of 5.22% compared to iShares Russell 2000 ETF (IWM) at 3.82%. This indicates that MFC's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.82% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.97% | 14.12% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 19.41% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 22.48% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.11% | 23.01% | +5.10% |
Dividends
MFC vs. IWM - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.01%, more than IWM's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.91% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
MFC Manulife Financial Corporation | 3.01% | 3.45% | 4.16% | 4.86% | 5.71% | 4.91% | 4.70% | 3.71% | 4.08% | 3.93% | 4.15% | 5.38% |
Frequently Asked Questions
MFC and IWM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFC has higher volatility (5.22%) compared to IWM (3.82%). In terms of maximum drawdown, MFC dropped -83.61% vs IWM's -59.05%.
MFC currently has the higher Sharpe Ratio (2.45 vs 1.77), 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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