MFC vs. LMT
MFC (Manulife Financial Corporation) and LMT (Lockheed Martin Corporation) are both stocks. MFC operates in Insurance - Life (Financial Services), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, MFC returned 17.14%/yr vs 9.94%/yr for LMT. At a 0.25 correlation, their price movements are largely independent.
Performance
MFC vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, MFC achieves a 19.41% return, which is significantly higher than LMT's 6.60% return. Over the past 10 years, MFC has outperformed LMT with an annualized return of 17.14%, while LMT has yielded a comparatively lower 9.94% annualized return.
MFC
- 1D
- -2.05%
- 1M
- 4.65%
- 6M
- 15.93%
- YTD
- 19.41%
- 1Y
- 43.32%
- 3Y*
- 35.59%
- 5Y*
- 22.96%
- 10Y*
- 17.14%
- ALL TIME*
- 11.55%
LMT
- 1D
- 0.15%
- 1M
- -0.28%
- 6M
- -11.48%
- YTD
- 6.60%
- 1Y
- 12.79%
- 3Y*
- 6.69%
- 5Y*
- 8.89%
- 10Y*
- 9.94%
- ALL TIME*
- 12.08%
MFC vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 19.41% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
LMT Lockheed Martin Corporation | 6.60% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between MFC and LMT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.25 |
The correlation between MFC and LMT shifts across timeframes, from 0.09 (3 years) to 0.25 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MFC:
$70.93B
LMT:
$117.48B
MFC:
CA$4.17
LMT:
$20.67
MFC:
14.27
LMT:
24.66
MFC:
1.15
LMT:
1.57
MFC:
1.63
LMT:
15.72
MFC:
CA$79.35B
LMT:
$75.12B
MFC:
CA$26.46B
LMT:
$7.37B
MFC:
CA$8.26B
LMT:
$8.09B
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Return for Risk
MFC vs. LMT — Risk / Return Rank
MFC
LMT
MFC vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 0.48 | +3.01 |
| Martin ratioReturn relative to average drawdown | 10.70 | 1.03 | +9.67 |
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Drawdowns
MFC vs. LMT - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for MFC and LMT.
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Drawdown Indicators
| MFC | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -79.29% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -26.87% | +14.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -31.79% | +15.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -31.79% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -36.67% | -20.77% |
Current DrawdownCurrent decline from peak | -2.05% | -24.21% | +22.16% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -26.82% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 12.52% | -8.46% |
Volatility
MFC vs. LMT - Volatility Comparison
The current volatility for Manulife Financial Corporation (MFC) is 4.97%, while Lockheed Martin Corporation (LMT) has a volatility of 9.48%. This indicates that MFC experiences smaller price fluctuations and is considered to be less risky than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 9.48% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.10% | 19.58% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 27.25% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.08% | 23.30% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.11% | 23.94% | +4.17% |
Dividends
MFC vs. LMT - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.14%, more than LMT's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.68% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
MFC Manulife Financial Corporation | 3.14% | 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. LMT - Financials Comparison
This section allows you to compare key financial metrics between Manulife Financial Corporation and Lockheed Martin Corporation. 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. LMT - Profitability Comparison
MFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
MFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Manulife Financial Corporation reported an operating income of 1.47B and revenue of 12.31B, resulting in an operating margin of 11.9%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
MFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Manulife Financial Corporation reported a net income of 1.20B and revenue of 12.31B, resulting in a net margin of 9.7%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
MFC and LMT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (9.48%) compared to MFC (4.97%). In terms of maximum drawdown, MFC dropped -83.61% vs LMT's -79.29%.
MFC currently has the higher Sharpe Ratio (2.15 vs 0.47), 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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