NEXT.TO vs. MFC.TO
NEXT.TO (NextSource Materials Inc.) and MFC.TO (Manulife Financial Corporation) are both stocks. NEXT.TO operates in Other Industrial Metals & Mining (Basic Materials), while MFC.TO operates in Insurance - Life (Financial Services). Over the past 10 years, NEXT.TO returned -7.17%/yr vs 16.12%/yr for MFC.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
NEXT.TO vs. MFC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NEXT.TO achieves a 11.76% return, which is significantly higher than MFC.TO's 9.42% return. Over the past 10 years, NEXT.TO has underperformed MFC.TO with an annualized return of -7.17%, while MFC.TO has yielded a comparatively higher 16.12% annualized return.
NEXT.TO
- 1D
- -5.00%
- 1M
- 15.15%
- YTD
- 11.76%
- 6M
- -7.32%
- 1Y
- 46.15%
- 3Y*
- -42.51%
- 5Y*
- -35.56%
- 10Y*
- -7.17%
MFC.TO
- 1D
- 0.89%
- 1M
- 0.87%
- YTD
- 9.42%
- 6M
- 10.75%
- 1Y
- 27.15%
- 3Y*
- 33.41%
- 5Y*
- 21.90%
- 10Y*
- 16.12%
NEXT.TO vs. MFC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXT.TO NextSource Materials Inc. | 11.76% | -53.42% | -39.17% | -56.04% | -16.26% | 262.22% | 100.00% | -50.00% | 38.46% | -0.00% |
MFC.TO Manulife Financial Corporation | 9.42% | 17.45% | 57.53% | 28.33% | 5.83% | 11.57% | -8.03% | 41.99% | -23.25% | 13.30% |
Correlation
The correlation between NEXT.TO and MFC.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 6, 2010 | 0.04 |
Fundamentals
NEXT.TO:
CA$70.32M
MFC.TO:
CA$89.88B
NEXT.TO:
-CA$0.22
MFC.TO:
CA$3.78
NEXT.TO:
61.16
MFC.TO:
1.69
NEXT.TO:
1.85
MFC.TO:
2.04
NEXT.TO:
CA$1.15M
MFC.TO:
CA$53.61B
NEXT.TO:
-CA$10.68M
MFC.TO:
CA$27.15B
NEXT.TO:
-CA$37.40M
MFC.TO:
CA$8.25B
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Return for Risk
NEXT.TO vs. MFC.TO — Risk / Return Rank
NEXT.TO
MFC.TO
NEXT.TO vs. MFC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextSource Materials Inc. (NEXT.TO) and Manulife Financial Corporation (MFC.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.
| NEXT.TO | MFC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.15 | -1.35 |
| Martin ratioReturn relative to average drawdown | 1.38 | 6.39 | -5.01 |
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
| NEXT.TO | MFC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.37 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 1.02 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.62 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | -0.74 | +0.61 |
Drawdowns
NEXT.TO vs. MFC.TO - Drawdown Comparison
The maximum NEXT.TO drawdown since its inception was -97.46%, roughly equal to the maximum MFC.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NEXT.TO and MFC.TO.
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Drawdown Indicators
| NEXT.TO | MFC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.46% | -100.00% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -58.06% | -12.71% | -45.35% |
Max Drawdown (3Y)Largest decline over 3 years | -92.49% | -17.63% | -74.86% |
Max Drawdown (5Y)Largest decline over 5 years | -96.47% | -21.05% | -75.42% |
Max Drawdown (10Y)Largest decline over 10 years | -96.67% | -52.68% | -43.99% |
Current DrawdownCurrent decline from peak | -93.97% | -99.97% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -74.54% | -99.95% | +25.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.69% | 4.26% | +29.43% |
Volatility
NEXT.TO vs. MFC.TO - Volatility Comparison
NextSource Materials Inc. (NEXT.TO) has a higher volatility of 17.84% compared to Manulife Financial Corporation (MFC.TO) at 7.79%. This indicates that NEXT.TO's price experiences larger fluctuations and is considered to be riskier than MFC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEXT.TO | MFC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.84% | 7.79% | +10.05% |
Volatility (6M)Calculated over the trailing 6-month period | 59.86% | 15.32% | +44.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.28% | 19.86% | +81.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.02% | 21.55% | +59.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.12% | 26.11% | +78.01% |
Dividends
NEXT.TO vs. MFC.TO - Dividend Comparison
NEXT.TO has not paid dividends to shareholders, while MFC.TO's dividend yield for the trailing twelve months is around 3.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFC.TO Manulife Financial Corporation | 3.46% | 3.53% | 3.62% | 4.99% | 5.47% | 4.85% | 5.83% | 3.79% | 4.70% | 3.13% | 3.09% | 3.21% |
NEXT.TO NextSource Materials Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NEXT.TO vs. MFC.TO - Financials Comparison
This section allows you to compare key financial metrics between NextSource Materials Inc. and Manulife Financial Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NEXT.TO and MFC.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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