PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MULC.TO vs. IDIV-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MULC.TO vs. IDIV-B.TO

Last updated Jul 16, 2026
Documentation

MULC.TO (Manulife Multifactor U.S. Large Cap Index ETF Hedged) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - MULC.TO is a Large Cap Blend Equities fund actively managed by Manulife, while IDIV-B.TO is a Dividend fund actively managed by Manulife. Both are actively managed. Over the past 3 years, MULC.TO returned 16.49%/yr vs 20.10%/yr for IDIV-B.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

MULC.TO vs. IDIV-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MULC.TO achieves a 10.56% return, which is significantly lower than IDIV-B.TO's 15.90% return.

MULC.TO

1D
0.09%
1M
-0.30%
6M
9.24%
YTD
10.56%
1Y
19.42%
3Y*
16.49%
5Y*
10.10%
10Y*
—

IDIV-B.TO

1D
0.80%
1M
1.41%
6M
11.15%
YTD
15.90%
1Y
24.21%
3Y*
20.10%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MULC.TO vs. IDIV-B.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
MULC.TO
Manulife Multifactor U.S. Large Cap Index ETF Hedged		10.56%13.42%18.78%18.95%1.51%
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged Units		15.90%30.89%11.95%12.28%7.59%

Correlation

The correlation between MULC.TO and IDIV-B.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

0.29

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2022

0.26

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Manulife Multifactor U.S. Large Cap Index ETF Hedged

Manulife Smart International Dividend ETF Unhedged Units

Often compared with IDIV-B.TO:
IDIV-B.TO vs. FCID.TOIDIV-B.TO vs. FCCD.TOIDIV-B.TO vs. CDIV.TOIDIV-B.TO vs. XDU.TOIDIV-B.TO vs. CWIN.TOIDIV-B.TO vs. ZDIV.TOIDIV-B.TO vs. TBNK.TO

Return for Risk

MULC.TO vs. IDIV-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MULC.TO
MULC.TO Risk / Return Rank: 6464
Overall Rank
MULC.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
MULC.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
MULC.TO Omega Ratio Rank: 6565
Omega Ratio Rank
MULC.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
MULC.TO Martin Ratio Rank: 7070
Martin Ratio Rank
IDIV-B.TO
IDIV-B.TO Risk / Return Rank: 5757
Overall Rank
IDIV-B.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IDIV-B.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
IDIV-B.TO Omega Ratio Rank: 5959
Omega Ratio Rank
IDIV-B.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
IDIV-B.TO Martin Ratio Rank: 6565
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.

MULC.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.

MULC.TOIDIV-B.TODifference
Sharpe ratioReturn per unit of total volatility
1.61
1.49

+0.12

Sortino ratioReturn per unit of downside risk
2.47
1.98

+0.50

Omega ratioGain probability vs. loss probability

1.32

1.29

+0.02

Calmar ratioReturn relative to maximum drawdown

2.35

2.42

-0.08

Martin ratioReturn relative to average drawdown

10.31

9.37

+0.94

MULC.TO vs. IDIV-B.TO - Sharpe Ratio Comparison

The current MULC.TO Sharpe Ratio is 1.61, which is comparable to the IDIV-B.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of MULC.TO and IDIV-B.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.

Loading charts...

Drawdowns

MULC.TO vs. IDIV-B.TO - Drawdown Comparison

The maximum MULC.TO drawdown since its inception was -35.21%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for MULC.TO and IDIV-B.TO.

Loading charts...

Drawdown Indicators

MULC.TOIDIV-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.21%

-13.62%

-21.59%

Max Drawdown (1Y)

Largest decline over 1 year

-8.32%

-10.03%

+1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-18.10%

-13.62%

-4.48%

Max Drawdown (5Y)

Largest decline over 5 years

-25.00%

—

—

Current Drawdown

Current decline from peak

-0.52%

-0.82%

+0.30%

Average Drawdown

Average peak-to-trough decline

-5.17%

-1.77%

-3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.59%

-0.70%

Volatility

MULC.TO vs. IDIV-B.TO - Volatility Comparison

The current volatility for Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) is 2.88%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 3.32%. This indicates that MULC.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

MULC.TOIDIV-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.88%

3.32%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

13.16%

-3.18%

Volatility (1Y)

Calculated over the trailing 1-year period

12.15%

16.38%

-4.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.51%

14.33%

+1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.16%

14.33%

+3.83%

Dividends

MULC.TO vs. IDIV-B.TO - Dividend Comparison

MULC.TO's dividend yield for the trailing twelve months is around 0.80%, less than IDIV-B.TO's 2.92% yield.

PositionTTM20252024202320222021202020192018
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged Units		2.92%3.12%3.52%1.73%0.20%0.00%0.00%0.00%0.00%
MULC.TO
Manulife Multifactor U.S. Large Cap Index ETF Hedged		0.80%0.85%0.85%0.83%1.39%0.77%1.36%1.21%1.39%

Frequently Asked Questions

MULC.TO and IDIV-B.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.

MULC.TO is categorized as Large Cap Blend Equities, while IDIV-B.TO is Dividend.

Portfolio Optimizer

Find the right allocation for MULC.TO and IDIV-B.TO

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