MTL.TO vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Mullen Group Ltd. (MTL.TO) and S&P 500 Index (^GSPC).

Performance

MTL.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mullen Group Ltd. (MTL.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MTL.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTL.TO Mullen Group Ltd.	9.42%	14.66%	9.57%	1.51%	31.70%	10.96%	23.04%	-19.32%	-19.13%	-18.83%
^GSPC S&P 500 Index	-3.34%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

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 9.42% return, which is significantly higher than ^GSPC's -3.34% return. Over the past 10 years, MTL.TO has underperformed ^GSPC with an annualized return of 6.81%, while ^GSPC has yielded a comparatively higher 12.91% annualized return.

MTL.TO

• 1D: 2.21%
• 1M: -0.99%
• YTD: 9.42%
• 6M: 25.49%
• 1Y: 44.08%
• 3Y*: 10.72%
• 5Y*: 11.49%
• 10Y*: 6.81%

^GSPC

• 1D: 0.00%
• 1M: -3.51%
• YTD: -3.34%
• 6M: -2.91%
• 1Y: 12.69%
• 3Y*: 17.80%
• 5Y*: 12.48%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MTL.TO vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MTL.TO

MTL.TO Risk / Return Rank: 90
MTL.TO Sharpe Ratio Rank: 89
MTL.TO Sortino Ratio Rank: 85
MTL.TO Omega Ratio Rank: 88
MTL.TO Calmar Ratio Rank: 93
MTL.TO Martin Ratio Rank: 93

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

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.

	MTL.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.86	0.70	+1.16
Sortino ratio Return per unit of downside risk	2.36	1.07	+1.29
Omega ratio Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio Return relative to maximum drawdown	4.75	1.04	+3.71
Martin ratio Return relative to average drawdown	13.52	3.82	+9.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTL.TO vs. ^GSPC - Sharpe Ratio Comparison

The current MTL.TO Sharpe Ratio is 1.86, which is higher than the ^GSPC Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of MTL.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTL.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	0.70	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.84	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.79	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.91	-1.53

Correlation

The correlation between MTL.TO and ^GSPC is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

MTL.TO vs. ^GSPC - Drawdown Comparison

The maximum MTL.TO drawdown since its inception was -100.00%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for MTL.TO and ^GSPC.

Drawdown Indicators

	MTL.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-56.78%	-43.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-12.14%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-21.59%	-25.43%	+3.84%
Max Drawdown (10Y) Largest decline over 10 years	-77.25%	-33.92%	-43.33%
Current Drawdown Current decline from peak	-99.98%	-5.78%	-94.20%
Average Drawdown Average peak-to-trough decline	-93.11%	-10.75%	-82.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.60%	+0.57%

Volatility

MTL.TO vs. ^GSPC - Volatility Comparison

Mullen Group Ltd. (MTL.TO) has a higher volatility of 8.52% compared to S&P 500 Index (^GSPC) at 5.22%. 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.

Volatility by Period

	MTL.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	5.22%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	17.88%	9.60%	+8.28%
Volatility (1Y) Calculated over the trailing 1-year period	23.79%	18.11%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	14.99%	+11.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.96%	16.33%	+15.63%