MFC vs. SPMO
MFC (Manulife Financial Corporation) is a stock, while SPMO (Invesco S&P 500 Momentum ETF) is Momentum fund tracking the S&P 500 Momentum Index. Over the past 10 years, MFC returned 16.93%/yr vs 21.03%/yr for SPMO. At a 0.43 correlation, their price movements are largely independent.
Performance
MFC vs. SPMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MFC achieves a 12.92% return, which is significantly lower than SPMO's 29.91% return. Over the past 10 years, MFC has underperformed SPMO with an annualized return of 16.93%, while SPMO has yielded a comparatively higher 21.03% annualized return.
MFC
- 1D
- -0.37%
- 1M
- 5.28%
- YTD
- 12.92%
- 6M
- 11.48%
- 1Y
- 33.41%
- 3Y*
- 36.28%
- 5Y*
- 21.18%
- 10Y*
- 16.93%
SPMO
- 1D
- -4.53%
- 1M
- 6.65%
- YTD
- 29.91%
- 6M
- 28.13%
- 1Y
- 43.55%
- 3Y*
- 42.47%
- 5Y*
- 22.89%
- 10Y*
- 21.03%
MFC vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 12.92% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Correlation
The correlation between MFC and SPMO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015 | 0.43 |
The correlation between MFC and SPMO shifts across timeframes, from 0.43 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MFC vs. SPMO — Risk / Return Rank
MFC
SPMO
MFC vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Financial Corporation (MFC) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.45 | -0.76 |
| Martin ratioReturn relative to average drawdown | 7.68 | 12.97 | -5.29 |
Loading charts...
Drawdowns
MFC vs. SPMO - Drawdown Comparison
The maximum MFC drawdown since its inception was -83.61%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MFC and SPMO.
Loading charts...
Drawdown Indicators
| MFC | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.61% | -30.95% | -52.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -12.70% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -20.13% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -22.74% | -4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -30.95% | -26.49% |
Current DrawdownCurrent decline from peak | -2.26% | -4.53% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -29.36% | -4.59% | -24.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 3.37% | +0.99% |
Volatility
MFC vs. SPMO - Volatility Comparison
The current volatility for Manulife Financial Corporation (MFC) is 4.69%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that MFC experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MFC | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 11.75% | -7.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 17.78% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.60% | 20.55% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 19.88% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.24% | 20.60% | +7.64% |
Dividends
MFC vs. SPMO - Dividend Comparison
MFC's dividend yield for the trailing twelve months is around 3.32%, more than SPMO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 3.32% | 3.45% | 4.16% | 4.86% | 5.71% | 4.91% | 4.70% | 3.71% | 4.08% | 3.93% | 4.15% | 5.38% |
SPMO Invesco S&P 500 Momentum ETF | 0.68% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
MFC and SPMO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.75%) compared to MFC (4.69%). In terms of maximum drawdown, MFC dropped -83.61% vs SPMO's -30.95%.
SPMO currently has the higher Sharpe Ratio (2.13 vs 1.64), 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.
Find the right allocation for MFC and SPMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer