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 9.47%/yr vs 14.52%/yr for ^GSPC. At a 0.25 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 43.58% return, which is significantly higher than ^GSPC's 12.12% return. Over the past 10 years, MTL.TO has underperformed ^GSPC with an annualized return of 9.47%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.
MTL.TO
- 1D
- 0.32%
- 1M
- 8.23%
- YTD
- 43.58%
- 6M
- 49.04%
- 1Y
- 66.13%
- 3Y*
- 17.63%
- 5Y*
- 17.05%
- 10Y*
- 9.47%
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
MTL.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTL.TO Mullen Group Ltd. | 43.58% | 14.66% | 9.57% | 1.51% | 31.70% | 10.96% | 23.04% | -19.32% | -19.13% | -18.83% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 25.75% | 14.29% | 22.54% | 1.71% | 11.82% |
Correlation
The correlation between MTL.TO and ^GSPC 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 | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.25 |
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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.
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.47 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.38 | 3.24 | +4.13 |
| Martin ratioReturn relative to average drawdown | 21.82 | 12.23 | +9.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 2.46 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.05 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.89 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | 0.99 | -1.59 |
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.
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Drawdown Indicators
| MTL.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -27.59% | -72.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -8.86% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -19.23% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -22.60% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -77.25% | -27.59% | -49.66% |
Current DrawdownCurrent decline from peak | -99.98% | 0.00% | -99.98% |
Average DrawdownAverage peak-to-trough decline | -93.14% | -3.51% | -89.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 2.34% | +0.70% |
Volatility
MTL.TO vs. ^GSPC - Volatility Comparison
Mullen Group Ltd. (MTL.TO) has a higher volatility of 4.99% compared to S&P 500 Index (^GSPC) at 2.69%. 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 | 4.99% | 2.69% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 8.85% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 11.70% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 14.99% | +11.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.97% | 16.33% | +15.64% |
Frequently Asked Questions
MTL.TO and ^GSPC 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.
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