MFC vs. RIO
MFC (Manulife Financial Corporation) and RIO (Rio Tinto Group) are both stocks. MFC operates in Insurance - Life (Financial Services), while RIO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, MFC returned 17.14%/yr vs 18.86%/yr for RIO. At a 0.44 correlation, their price movements are largely independent.
Performance
MFC vs. RIO - 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 RIO's 14.41% return. Over the past 10 years, MFC has underperformed RIO with an annualized return of 17.14%, while RIO has yielded a comparatively higher 18.86% 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%
RIO
- 1D
- -1.20%
- 1M
- -11.00%
- 6M
- 7.55%
- YTD
- 14.41%
- 1Y
- 54.91%
- 3Y*
- 17.24%
- 5Y*
- 9.21%
- 10Y*
- 18.86%
- ALL TIME*
- 11.71%
MFC vs. RIO - 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% |
RIO Rio Tinto Group | 14.41% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between MFC and RIO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 1999 | 0.44 |
Fundamentals
MFC:
$70.93B
RIO:
$144.65B
MFC:
CA$4.17
RIO:
$13.11
MFC:
14.27
RIO:
6.79
MFC:
1.15
RIO:
1.31
MFC:
1.63
RIO:
2.35
MFC:
CA$79.35B
RIO:
$111.41B
MFC:
CA$26.46B
RIO:
$31.10B
MFC:
CA$8.26B
RIO:
$40.42B
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Return for Risk
MFC vs. RIO — Risk / Return Rank
MFC
RIO
MFC vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Rio Tinto Group (RIO). 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 | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.66 | +0.82 |
| Martin ratioReturn relative to average drawdown | 10.70 | 8.59 | +2.11 |
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Drawdowns
MFC vs. RIO - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for MFC and RIO.
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Drawdown Indicators
| MFC | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -88.97% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -20.74% | +8.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -24.19% | +7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -35.25% | +8.26% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -37.47% | -19.97% |
Current DrawdownCurrent decline from peak | -2.05% | -20.50% | +18.45% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -23.74% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 6.41% | -2.35% |
Volatility
MFC vs. RIO - Volatility Comparison
The current volatility for Manulife Financial Corporation (MFC) is 4.97%, while Rio Tinto Group (RIO) has a volatility of 8.38%. This indicates that MFC experiences smaller price fluctuations and is considered to be less risky than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFC | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 8.38% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.10% | 24.96% | -8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 29.72% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.08% | 29.33% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.11% | 30.42% | -2.31% |
Dividends
MFC vs. RIO - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.14%, less than RIO's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RIO Rio Tinto Group | 4.51% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
MFC vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Manulife Financial Corporation and Rio Tinto Group. 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. RIO - 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%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
MFC and RIO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIO has higher volatility (8.38%) compared to MFC (4.97%). In terms of maximum drawdown, MFC dropped -83.61% vs RIO's -88.97%.
MFC currently has the higher Sharpe Ratio (2.15 vs 1.86), 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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