MTL.TO vs. ^GSPC
MTL.TO (Mullen Group Ltd.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MTL.TO returned 9.81%/yr vs 14.03%/yr for ^GSPC. At a 0.27 correlation, their price movements are largely independent.
Performance
MTL.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
MTL.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MTL.TO achieves a 67.05% return, which is significantly higher than ^GSPC's 12.74% return. Over the past 10 years, MTL.TO has underperformed ^GSPC with an annualized return of 9.81%, while ^GSPC has yielded a comparatively higher 14.03% annualized return.
MTL.TO
- 1D
- 0.94%
- 1M
- 18.43%
- 6M
- 59.35%
- YTD
- 67.05%
- 1Y
- 94.55%
- 3Y*
- 23.61%
- 5Y*
- 19.97%
- 10Y*
- 9.81%
- ALL TIME*
- 5.31%
^GSPC
- 1D
- 1.29%
- 1M
- -0.06%
- 6M
- 12.08%
- YTD
- 12.74%
- 1Y
- 22.13%
- 3Y*
- 20.93%
- 5Y*
- 14.00%
- 10Y*
- 14.03%
- ALL TIME*
- 9.23%
MTL.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTL.TO Mullen Group Ltd. | 67.05% | 14.66% | 9.57% | 1.51% | 31.70% | 10.96% | 22.25% | -19.32% | -19.13% | -18.83% |
^GSPC S&P 500 Index | 12.71% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between MTL.TO and ^GSPC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2006 | 0.27 |
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Return for Risk
MTL.TO vs. ^GSPC — Risk / Return Rank
MTL.TO
^GSPC
MTL.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mullen Group Ltd. (MTL.TO) and S&P 500 Index (^GSPC). 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.
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.30 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 9.57 | 2.42 | +7.15 |
| Martin ratioReturn relative to average drawdown | 30.86 | 8.92 | +21.94 |
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Drawdowns
MTL.TO vs. ^GSPC - Drawdown Comparison
The maximum MTL.TO drawdown since its inception was -83.37%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for MTL.TO and ^GSPC.
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Drawdown Indicators
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.37% | -48.87% | -34.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -9.17% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -19.59% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -23.14% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -77.25% | -27.97% | -49.28% |
Current DrawdownCurrent decline from peak | -0.31% | -1.49% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -9.62% | -20.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.49% | +0.58% |
Volatility
MTL.TO vs. ^GSPC - Volatility Comparison
Mullen Group Ltd. (MTL.TO) has a higher volatility of 8.37% compared to S&P 500 Index (^GSPC) at 3.21%. This indicates that MTL.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 3.21% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.44% | 10.49% | +10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.99% | 13.00% | +11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.80% | 17.92% | +8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.79% | 19.13% | +12.66% |
Frequently Asked Questions
MTL.TO and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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