MUMC.TO vs. IDIV-B.TO
MUMC.TO (Manulife Multifactor U.S. Mid Cap Index ETF Hedged) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - MUMC.TO is a Mid 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, MUMC.TO returned 11.18%/yr vs 20.10%/yr for IDIV-B.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
MUMC.TO vs. IDIV-B.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MUMC.TO achieves a 10.94% return, which is significantly lower than IDIV-B.TO's 15.90% return.
MUMC.TO
- 1D
- -0.79%
- 1M
- -0.28%
- 6M
- 7.47%
- YTD
- 10.94%
- 1Y
- 14.50%
- 3Y*
- 11.18%
- 5Y*
- 6.15%
- 10Y*
- —
IDIV-B.TO
- 1D
- 0.80%
- 1M
- 1.41%
- 6M
- 11.15%
- YTD
- 15.90%
- 1Y
- 24.21%
- 3Y*
- 20.10%
- 5Y*
- —
- 10Y*
- —
MUMC.TO vs. IDIV-B.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MUMC.TO Manulife Multifactor U.S. Mid Cap Index ETF Hedged | 10.94% | 4.82% | 13.82% | 13.06% | 0.15% |
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units | 15.90% | 30.89% | 11.95% | 12.28% | 7.59% |
Correlation
The correlation between MUMC.TO and IDIV-B.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022 | 0.20 |
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Return for Risk
MUMC.TO vs. IDIV-B.TO — Risk / Return Rank
MUMC.TO
IDIV-B.TO
MUMC.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.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.
| MUMC.TO | IDIV-B.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.42 | -1.02 |
| Martin ratioReturn relative to average drawdown | 4.17 | 9.37 | -5.21 |
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Drawdowns
MUMC.TO vs. IDIV-B.TO - Drawdown Comparison
The maximum MUMC.TO drawdown since its inception was -38.47%, 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 MUMC.TO and IDIV-B.TO.
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Drawdown Indicators
| MUMC.TO | IDIV-B.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -13.62% | -24.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -10.03% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -13.62% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -0.82% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -1.77% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.59% | +0.90% |
Volatility
MUMC.TO vs. IDIV-B.TO - Volatility Comparison
Manulife Multifactor U.S. Mid Cap Index ETF Hedged (MUMC.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) have volatilities of 3.17% and 3.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUMC.TO | IDIV-B.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 3.32% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 13.16% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 16.38% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.58% | 14.33% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 14.33% | +5.12% |
Dividends
MUMC.TO vs. IDIV-B.TO - Dividend Comparison
MUMC.TO's dividend yield for the trailing twelve months is around 0.81%, less than IDIV-B.TO's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
MUMC.TO Manulife Multifactor U.S. Mid Cap Index ETF Hedged | 0.81% | 1.00% | 0.70% | 1.05% | 0.86% | 0.63% | 0.90% | 0.90% | 1.19% | 0.73% |
Frequently Asked Questions
MUMC.TO and IDIV-B.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUMC.TO is categorized as Mid Cap Blend Equities, while IDIV-B.TO is Dividend.
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