Which stocks are most correlated with MFC?

Based on one year of daily returns, the stocks most correlated with Manulife Financial Corp. (MFC) are IXG (0.61), PFI (0.58) and FFLV (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with MFC?

Over the past year, the stocks most inversely correlated with Manulife Financial Corp. (MFC) are EPV (-0.55), SDOW (-0.53) and DXD (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

Manulife Financial Corp. (MFC) — Stock Correlations & Overview

Over the past year, MFC has moved most closely with IXG, PFI, FFLV. Explore the stocks most correlated and inversely correlated with MFC below, along with its price, financials, and company profile.

Stocks correlated with MFC

Correlation of daily returns. Higher positive values move with MFC; negative values move opposite it. Informational only, not investment advice.

Most correlated with MFC

Symbol	Company	Correlation
IXG	iShares Global Financials ETF	0.61
PFI	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Financial Momentum ETF	0.58
FFLV	Fidelity Fundamental Large Cap Value ETF	0.58
RCGE	RockCreek Global Equality ETF	0.58
GSIB	Themes Global Systemically Important Banks ETF	0.58

Most inversely correlated with MFC

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.55
SDOW	ProShares UltraPro Short Dow 30	-0.53
DXD	ProShares UltraShort Dow 30	-0.53
DOG	ProShares Short Dow30	-0.53
SKF	ProShares UltraShort Financials	-0.53

Frequently asked questions about MFC correlations

Which stocks are most correlated with MFC?: Based on one year of daily returns, the stocks most correlated with Manulife Financial Corp. (MFC) are IXG (0.61), PFI (0.58) and FFLV (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with MFC?: Over the past year, the stocks most inversely correlated with Manulife Financial Corp. (MFC) are EPV (-0.55), SDOW (-0.53) and DXD (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these MFC correlations calculated?: We compute the correlation of daily returns between MFC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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