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MINT.TO vs. MCSM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MINT.TO vs. MCSM.TO

Last updated Jul 16, 2026
Documentation

MINT.TO (Manulife Multifactor Developed International Index ETF) and MCSM.TO (Manulife Multifactor Canadian SMID Cap Index ETF) are both exchange-traded funds - MINT.TO is a International Equity fund actively managed by Manulife, while MCSM.TO is a Canada Equities fund actively managed by Manulife. Both are actively managed. Over the past 5 years, MINT.TO returned 12.51%/yr vs 11.72%/yr for MCSM.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

MINT.TO vs. MCSM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Multifactor Developed International Index ETF (MINT.TO) and Manulife Multifactor Canadian SMID Cap Index ETF (MCSM.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with MINT.TO having a 11.34% return and MCSM.TO slightly lower at 11.32%.

MINT.TO

1D
-0.31%
1M
1.05%
6M
7.53%
YTD
11.34%
1Y
24.81%
3Y*
17.42%
5Y*
12.51%
10Y*
—

MCSM.TO

1D
0.46%
1M
-1.44%
6M
4.24%
YTD
11.32%
1Y
32.76%
3Y*
19.58%
5Y*
11.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MINT.TO vs. MCSM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MINT.TO
Manulife Multifactor Developed International Index ETF		11.34%23.42%10.91%18.04%-3.59%17.69%0.55%21.99%-10.35%-0.38%
MCSM.TO
Manulife Multifactor Canadian SMID Cap Index ETF		11.32%39.56%4.39%6.83%1.07%17.32%10.44%17.79%0.56%0.00%

Correlation

The correlation between MINT.TO and MCSM.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2017

0.16

The correlation between MINT.TO and MCSM.TO shifts across timeframes, from 0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

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Manulife Multifactor Developed International Index ETF

Manulife Multifactor Canadian SMID Cap Index ETF

Return for Risk

MINT.TO vs. MCSM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MINT.TO
MINT.TO Risk / Return Rank: 7373
Overall Rank
MINT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
MINT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
MINT.TO Omega Ratio Rank: 7878
Omega Ratio Rank
MINT.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
MINT.TO Martin Ratio Rank: 7272
Martin Ratio Rank
MCSM.TO
MCSM.TO Risk / Return Rank: 4646
Overall Rank
MCSM.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
MCSM.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
MCSM.TO Omega Ratio Rank: 5151
Omega Ratio Rank
MCSM.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
MCSM.TO Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINT.TO vs. MCSM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Multifactor Developed International Index ETF (MINT.TO) and Manulife Multifactor Canadian SMID Cap Index ETF (MCSM.TO). 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.

MINT.TOMCSM.TODifference
Sharpe ratioReturn per unit of total volatility
1.86
1.28

+0.58

Sortino ratioReturn per unit of downside risk
2.74
1.70

+1.04

Omega ratioGain probability vs. loss probability

1.37

1.27

+0.10

Calmar ratioReturn relative to maximum drawdown

2.74

2.26

+0.47

Martin ratioReturn relative to average drawdown

10.51

5.33

+5.18

MINT.TO vs. MCSM.TO - Sharpe Ratio Comparison

The current MINT.TO Sharpe Ratio is 1.86, which is higher than the MCSM.TO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of MINT.TO and MCSM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MINT.TO vs. MCSM.TO - Drawdown Comparison

The maximum MINT.TO drawdown since its inception was -32.97%, smaller than the maximum MCSM.TO drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for MINT.TO and MCSM.TO.

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Drawdown Indicators

MINT.TOMCSM.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.97%

-42.80%

+9.83%

Max Drawdown (1Y)

Largest decline over 1 year

-9.11%

-14.54%

+5.43%

Max Drawdown (3Y)

Largest decline over 3 years

-13.76%

-22.65%

+8.89%

Max Drawdown (5Y)

Largest decline over 5 years

-18.04%

-22.93%

+4.89%

Current Drawdown

Current decline from peak

-1.34%

-8.40%

+7.06%

Average Drawdown

Average peak-to-trough decline

-4.17%

-6.53%

+2.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

6.16%

-3.79%

Volatility

MINT.TO vs. MCSM.TO - Volatility Comparison

The current volatility for Manulife Multifactor Developed International Index ETF (MINT.TO) is 3.95%, while Manulife Multifactor Canadian SMID Cap Index ETF (MCSM.TO) has a volatility of 4.94%. This indicates that MINT.TO experiences smaller price fluctuations and is considered to be less risky than MCSM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MINT.TOMCSM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.94%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

11.53%

17.07%

-5.54%

Volatility (1Y)

Calculated over the trailing 1-year period

13.39%

25.62%

-12.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.66%

50.04%

-35.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.63%

49.71%

-33.08%

Dividends

MINT.TO vs. MCSM.TO - Dividend Comparison

MINT.TO's dividend yield for the trailing twelve months is around 2.86%, more than MCSM.TO's 1.78% yield.

PositionTTM202520242023202220212020201920182017
MCSM.TO
Manulife Multifactor Canadian SMID Cap Index ETF		1.78%1.63%1.82%2.15%2.05%1.23%1.05%1.41%1.43%0.00%
MINT.TO
Manulife Multifactor Developed International Index ETF		2.86%5.86%2.14%2.81%2.84%2.55%1.60%2.70%2.76%1.36%

Frequently Asked Questions

MINT.TO and MCSM.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MINT.TO is categorized as International Equity, while MCSM.TO is Canada Equities.

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