MFC vs. PFG
MFC (Manulife Financial Corporation) and PFG (Principal Financial Group, Inc.) are both stocks. Both are in the Financial Services sector — MFC in Insurance - Life, PFG in Insurance - Diversified. Over the past 10 years, MFC returned 16.48%/yr vs 14.54%/yr for PFG. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
MFC vs. PFG - Performance Comparison
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Returns By Period
In the year-to-date period, MFC achieves a 13.26% return, which is significantly lower than PFG's 28.11% return. Over the past 10 years, MFC has outperformed PFG with an annualized return of 16.48%, while PFG has yielded a comparatively lower 14.54% 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%
PFG
- 1D
- 1.30%
- 1M
- 11.53%
- YTD
- 28.11%
- 6M
- 25.65%
- 1Y
- 49.57%
- 3Y*
- 19.02%
- 5Y*
- 15.41%
- 10Y*
- 14.54%
MFC vs. PFG - 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% |
PFG Principal Financial Group, Inc. | 28.11% | 18.38% | 1.87% | -2.83% | 20.10% | 51.35% | -5.19% | 29.71% | -34.96% | 25.52% |
Correlation
The correlation between MFC and PFG is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2001 | 0.59 |
The correlation between MFC and PFG shifts across timeframes, from 0.56 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MFC:
$48.69B
PFG:
$24.48B
MFC:
CA$4.06
PFG:
$6.97
MFC:
13.89
PFG:
15.93
MFC:
4.87
PFG:
0.23
MFC:
1.12
PFG:
2.06
MFC:
1.54
PFG:
2.07
MFC:
CA$79.35B
PFG:
$12.07B
MFC:
CA$26.46B
PFG:
$5.76B
MFC:
CA$8.26B
PFG:
$1.39B
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Return for Risk
MFC vs. PFG — Risk / Return Rank
MFC
PFG
MFC vs. PFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Principal Financial Group, Inc. (PFG). 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 | PFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 4.16 | -1.72 |
| Martin ratioReturn relative to average drawdown | 6.98 | 13.49 | -6.51 |
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Drawdowns
MFC vs. PFG - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, smaller than the maximum PFG drawdown of -91.50%. Use the drawdown chart below to compare losses from any high point for MFC and PFG.
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Drawdown Indicators
| MFC | PFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -91.50% | +7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -11.96% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -22.43% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -29.32% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -64.73% | +7.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -29.39% | -21.84% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 3.69% | +0.74% |
Volatility
MFC vs. PFG - Volatility Comparison
Manulife Financial Corporation (MFC) has a higher volatility of 8.02% compared to Principal Financial Group, Inc. (PFG) at 5.39%. This indicates that MFC's price experiences larger fluctuations and is considered to be riskier than PFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | PFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.02% | 5.39% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 15.57% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 21.87% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.12% | 26.64% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 31.95% | -3.56% |
Dividends
MFC vs. PFG - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.31%, more than PFG's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PFG Principal Financial Group, Inc. | 2.87% | 3.49% | 3.68% | 3.30% | 3.05% | 3.37% | 4.52% | 3.96% | 4.75% | 2.65% | 2.78% | 3.33% |
Financials
MFC vs. PFG - Financials Comparison
This section allows you to compare key financial metrics between Manulife Financial Corporation and Principal Financial 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
Frequently Asked Questions
MFC and PFG 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 (8.02%) compared to PFG (5.39%). In terms of maximum drawdown, MFC dropped -83.61% vs PFG's -91.50%.
PFG currently has the higher Sharpe Ratio (2.28 vs 1.47), 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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