MULC.TO vs. XTOT.TO
MULC.TO (Manulife Multifactor U.S. Large Cap Index ETF Hedged) and XTOT.TO (iShares Core S&P Total U.S. Stock Market Index ETF) are both Large Cap Blend Equities funds. MULC.TO is actively managed, while XTOT.TO is passively managed. Over the past year, MULC.TO returned 19.42% vs 24.82% for XTOT.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
MULC.TO vs. XTOT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MULC.TO achieves a 10.56% return, which is significantly lower than XTOT.TO's 14.09% 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*
- —
XTOT.TO
- 1D
- 0.08%
- 1M
- 0.40%
- 6M
- 11.08%
- YTD
- 14.09%
- 1Y
- 24.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MULC.TO vs. XTOT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MULC.TO Manulife Multifactor U.S. Large Cap Index ETF Hedged | 10.56% | 14.27% |
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF | 14.09% | 16.84% |
Correlation
The correlation between MULC.TO and XTOT.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.47 |
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Return for Risk
MULC.TO vs. XTOT.TO — Risk / Return Rank
MULC.TO
XTOT.TO
MULC.TO vs. XTOT.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 iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.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.TO | XTOT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.59 | -0.24 |
| Martin ratioReturn relative to average drawdown | 10.31 | 8.72 | +1.59 |
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Drawdowns
MULC.TO vs. XTOT.TO - Drawdown Comparison
The maximum MULC.TO drawdown since its inception was -35.21%, which is greater than XTOT.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for MULC.TO and XTOT.TO.
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Drawdown Indicators
| MULC.TO | XTOT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -9.64% | -25.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -9.64% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -1.72% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -1.77% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.85% | -0.96% |
Volatility
MULC.TO vs. XTOT.TO - Volatility Comparison
The current volatility for Manulife Multifactor U.S. Large Cap Index ETF Hedged (MULC.TO) is 2.88%, while iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) has a volatility of 3.25%. This indicates that MULC.TO experiences smaller price fluctuations and is considered to be less risky than XTOT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MULC.TO | XTOT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.25% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 10.62% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 13.75% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 13.39% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 13.39% | +4.77% |
Dividends
MULC.TO vs. XTOT.TO - Dividend Comparison
MULC.TO's dividend yield for the trailing twelve months is around 0.80%, less than XTOT.TO's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF | 0.81% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MULC.TO and XTOT.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Manulife and iShares.
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