PFG vs. MFC
PFG (Principal Financial Group, Inc.) and MFC (Manulife Financial Corporation) are both stocks. Both are in the Financial Services sector — PFG in Insurance - Diversified, MFC in Insurance - Life. Over the past 10 years, PFG returned 14.54%/yr vs 16.48%/yr for MFC. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
PFG vs. MFC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFG achieves a 28.11% return, which is significantly higher than MFC's 13.26% return. Over the past 10 years, PFG has underperformed MFC with an annualized return of 14.54%, while MFC has yielded a comparatively higher 16.48% annualized return.
PFG
- 1D
- 1.30%
- 1M
- 11.53%
- YTD
- 28.11%
- 6M
- 25.65%
- 1Y
- 49.57%
- 3Y*
- 19.02%
- 5Y*
- 15.41%
- 10Y*
- 14.54%
MFC
- 1D
- 1.31%
- 1M
- 2.09%
- YTD
- 13.26%
- 6M
- 15.81%
- 1Y
- 30.35%
- 3Y*
- 33.59%
- 5Y*
- 20.37%
- 10Y*
- 16.48%
PFG vs. MFC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFG Principal Financial Group, Inc. | 28.11% | 18.38% | 1.87% | -2.83% | 20.10% | 51.35% | -5.19% | 29.71% | -34.96% | 25.52% |
MFC Manulife Financial Corporation | 13.26% | 22.95% | 45.75% | 31.13% | -1.18% | 12.17% | -7.18% | 49.19% | -29.89% | 22.17% |
Correlation
The correlation between PFG and MFC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2001 | 0.59 |
The correlation between PFG and MFC shifts across timeframes, from 0.56 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PFG:
$24.48B
MFC:
$48.69B
PFG:
$6.97
MFC:
CA$4.06
PFG:
15.93
MFC:
13.89
PFG:
0.23
MFC:
4.87
PFG:
2.06
MFC:
1.12
PFG:
2.07
MFC:
1.54
PFG:
$12.07B
MFC:
CA$79.35B
PFG:
$5.76B
MFC:
CA$26.46B
PFG:
$1.39B
MFC:
CA$8.26B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFG vs. MFC — Risk / Return Rank
PFG
MFC
PFG vs. MFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Financial Group, Inc. (PFG) and Manulife Financial Corporation (MFC). 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.
| PFG | MFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 2.44 | +1.72 |
| Martin ratioReturn relative to average drawdown | 13.49 | 6.98 | +6.51 |
Loading charts...
Drawdowns
PFG vs. MFC - Drawdown Comparison
The maximum PFG drawdown since its inception was -91.50%, which is greater than MFC's maximum drawdown of -83.61%. Use the drawdown chart below to compare losses from any high point for PFG and MFC.
Loading charts...
Drawdown Indicators
| PFG | MFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.50% | -83.61% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -12.49% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -16.75% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.32% | -26.99% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -64.73% | -57.44% | -7.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -21.84% | -29.39% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 4.43% | -0.74% |
Volatility
PFG vs. MFC - Volatility Comparison
The current volatility for Principal Financial Group, Inc. (PFG) is 5.39%, while Manulife Financial Corporation (MFC) has a volatility of 8.02%. This indicates that PFG experiences smaller price fluctuations and is considered to be less risky than MFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PFG | MFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 8.02% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 15.87% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.87% | 20.74% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.64% | 24.12% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.95% | 28.39% | +3.56% |
Dividends
PFG vs. MFC - Dividend Comparison
PFG's dividend yield for the trailing twelve months is around 2.87%, less than MFC's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFC Manulife Financial Corporation | 3.31% | 3.45% | 4.16% | 4.86% | 5.71% | 4.91% | 4.70% | 3.71% | 4.08% | 3.93% | 4.15% | 5.38% |
PFG Principal Financial Group, Inc. | 2.87% | 3.49% | 3.68% | 3.30% | 3.05% | 3.37% | 4.52% | 3.96% | 4.75% | 2.65% | 2.78% | 3.33% |
Financials
PFG vs. MFC - Financials Comparison
This section allows you to compare key financial metrics between Principal Financial Group, 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
PFG and MFC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFC has higher volatility (8.02%) compared to PFG (5.39%). In terms of maximum drawdown, PFG dropped -91.50% vs MFC's -83.61%.
PFG currently has the higher Sharpe Ratio (2.28 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PFG and MFC
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