MFC vs SPY

Comparison between Manulife Financial Corp (MFC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceMFC has outperformed SPY, delivering a return of +19.2% compared to +13.3%

MFC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$68B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	84.63%	56.47%
Sharpe Ratio	1.35	2.07
5Y Beta	1.02	1.00
Industry	Insurance - Life	N/A
P/E Ratio	16.32	28.24
Forward P/E	11.99	21.85
PEG Ratio	2.22	N/A
Dividend Yield	4.45%	N/A
5Y Dividends CAGR	13.65%	5.43%
5Y EPS CAGR	3.51%	25.79%
Debt to Equity	28.78%	22.35%
Free Cash Flow Yield	33.85%	N/A
P/S Ratio	2.15	3.55
P/B Ratio	1.98	5.29

Market Cap / Net Assets

MFC

$68B

Winner

SPY

$652B

Expense Ratio

MFC

N/A

SPY

0.09%

Max Drawdown

MFC

84.63%

Winner

SPY

56.47%

Sharpe Ratio

MFC

1.35

Winner

SPY

2.07

5Y Beta

MFC

1.02

Winner

SPY

1.00

Industry

MFC

Insurance - Life

SPY

N/A

P/E Ratio

Winner

MFC

16.32

SPY

28.24

Forward P/E

Winner

MFC

11.99

SPY

21.85

PEG Ratio

MFC

2.22

SPY

N/A

Dividend Yield

MFC

4.45%

SPY

N/A

5Y Dividends CAGR

Winner

MFC

13.65%

SPY

5.43%

5Y EPS CAGR

MFC

3.51%

Winner

SPY

25.79%

Debt to Equity

MFC

28.78%

Winner

SPY

22.35%

Free Cash Flow Yield

MFC

33.85%

SPY

N/A

P/S Ratio

Winner

MFC

2.15

SPY

3.55

P/B Ratio

Winner

MFC

1.98

SPY

5.29

MFC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	MFC	SPY
1 month	+9.61%	+9.11%
3 months	+6.37%	+6.59%
6 months	+22.07%	+10.56%
1 year	+33.67%	+32.04%
5 years(CAGR)	+19.17%	+13.35%
10 years(CAGR)	+16.38%	+15.49%
Max(CAGR)	+11.46%	+8.50%

Winner

MFC

+9.61%

SPY

+9.11%

MFC

+6.37%

Winner

SPY

+6.59%

Winner

MFC

+22.07%

SPY

+10.56%

Winner

MFC

+33.67%

SPY

+32.04%

5Y(CAGR)

Winner

MFC

+19.17%

SPY

+13.35%

10Y(CAGR)

Winner

MFC

+16.38%

SPY

+15.49%

Max(CAGR)

Winner

MFC

+11.46%

SPY

+8.50%

MFC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MFC	SPY
2026	+11.53%	+8.27%
2025	+23.70%	+18.00%
2024	+47.50%	+25.59%
2023	+31.27%	+26.72%
2022	-2.84%	-18.64%
2021	+13.95%	+30.52%
2020	-8.34%	+17.28%
2019	+47.86%	+31.09%
2018	-29.85%	-5.24%
2017	+21.43%	+20.78%
2016	+28.19%	+13.59%
2015	-17.05%	+1.31%
2014	+1.34%	+14.56%
2013	+46.77%	+29.00%
2012	+28.37%	+14.17%
2011	-36.60%	+0.85%
2010	-7.17%	+13.14%
2009	+13.83%	+22.67%
2008	-55.82%	-36.25%
2007	+23.72%	+5.32%
2006	+15.23%	+13.85%
2005	+33.02%	+5.32%
2004	+45.93%	+10.75%
2003	+47.82%	+24.18%
2002	-13.20%	-22.42%
2001	-12.30%	-10.13%
2000	+168.00%	-8.84%
1999	+5.75%	+8.61%

MFC vs SPY Drawdown Comparison

The maximum drawdown for MFC was -83.60%, occurring on Mar 9, 2009. Recovery took 4100 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	MFC	SPY
#1	-83.60% Oct 31, 2007 - Feb 15, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-42.36% Aug 7, 2001 - Aug 11, 2003	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-24.83% Nov 15, 1999 - Mar 31, 2000	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-22.34% Dec 28, 2000 - Aug 7, 2001	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-16.75% Apr 2, 2025 - Jun 5, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-12.49% Jan 29, 2026 - Apr 15, 2026	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.18% Nov 21, 2024 - Apr 2, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-11.25% Jul 11, 2024 - Aug 23, 2024	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-10.59% Apr 12, 2004 - Jun 22, 2004	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.54% Oct 31, 2000 - Nov 30, 2000	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-10.52% Sep 23, 2003 - Nov 28, 2003	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-9.13% Oct 9, 2000 - Oct 25, 2000	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.84% Mar 28, 2024 - May 9, 2024	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.81% Jun 21, 2000 - Aug 14, 2000	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.77% Aug 8, 2007 - Aug 31, 2007	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MFC and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

MFC vs SPY dividend yield comparison.

Year	MFC	SPY
2026	0.88%	0.24%
2025	3.45%	1.07%
2024	4.16%	1.21%
2023	4.86%	1.40%
2022	5.71%	1.65%
2021	4.91%	1.20%
2020	4.70%	1.52%
2019	3.71%	1.75%
2018	4.08%	2.04%
2017	3.93%	1.80%
2016	4.15%	2.03%
2015	5.38%	2.06%
2014	2.99%	1.87%
2013	2.64%	1.81%
2012	3.83%	2.18%
2011	4.90%	2.05%
2010	3.03%	1.80%
2009	5.51%	1.95%
2008	5.87%	3.02%
2007	2.16%	1.85%
2006	2.15%	1.73%
2005	1.97%	1.73%
2004	2.03%	1.82%
2003	2.41%	1.47%
2002	2.76%	1.70%
2001	1.84%	1.25%
2000	1.08%	1.15%
1999	0.00%	0.24%