Manulife Smart Competition

UDIV Etf

CAD 14.75 0.08 0.55%

Peers for Manulife Smart Dividend include Manulife Multifactor, Manulife Smart, Manulife Smart, Manulife Multifactor, and Manulife Multifactor and others in the group. This provides context for comparative analysis. This page compares Manulife Smart to peers so capital can be allocated with clearer context.

Correlation: Manulife Smart vs Manulife Multifactor Summary

Almost no diversification

For the present investment horizon, the measured correlation between UDIV and MINT-B stands at 0.91, or Almost no diversification. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.

Moving together with Manulife Etf

0.85	CUD	iShares Dividend Growers	Pair Corr
0.93	ZWH	BMO High Dividend	Pair Corr
0.77	VGH	Vanguard Dividend	Pair Corr

Moving against Manulife Etf

0.85	XIT	iShares SAMPPTSX Capped	Pair Corr
0.8	HED	BetaPro SAMPPTSX Capped	Pair Corr

Specify up to 10 symbols:

Investors who believe in mean reversion view Manulife Smart's price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.

Hype

Prediction

Low	Estimated	High
13.95	14.75	15.55

Details

Intrinsic

Valuation

Low	Real	High
14.47	15.27	16.07

Details

Naive

Forecast

Low	Next	High
13.66	14.46	15.26

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
14.61	15.13	15.65

Details

A complete picture of Manulife Smart's investment merit requires comparative analysis. How Manulife Smart's growth rates, profitability, and capital efficiency stack up against peers is often the deciding factor in investment decisions.

Manulife Smart Competition Correlation Matrix

Studying peer correlation around Manulife Smart Dividend gives investors a cleaner read on how much independent price behavior still exists across the competitive set. The current classification points to the U.S. Dividend & Income Equity category. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

	MFUN	MUMC	IDEF-B	MCOR	TERM	CBND	MINT	MINT-B	UDIV
MFUN		0.36	0.12	0.0	0.25	0.33	0.27	0.43	0.28	MFUN
MUMC	0.36		0.62	0.0	0.91	0.93	0.91	0.93	0.9	MUMC
IDEF-B	0.12	0.62		0.0	0.68	0.59	0.71	0.63	0.69	IDEF-B
MCOR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MCOR
TERM	0.25	0.91	0.68	0.0		0.96	0.96	0.9	0.92	TERM
CBND	0.33	0.93	0.59	0.0	0.96		0.94	0.92	0.91	CBND
MINT	0.27	0.91	0.71	0.0	0.96	0.94		0.92	0.96	MINT
MINT-B	0.43	0.93	0.63	0.0	0.9	0.92	0.92		0.91	MINT-B
UDIV	0.28	0.9	0.69	0.0	0.92	0.91	0.96	0.91		UDIV
	MFUN	MUMC	IDEF-B	MCOR	TERM	CBND	MINT	MINT-B	UDIV

High positive correlations

CBND	+ 0.96	TERM
MINT	+ 0.96	TERM
UDIV	+ 0.96	MINT
MINT	+ 0.94	CBND
CBND	+ 0.93	MUMC
MINT-B	+ 0.93	MUMC

High negative correlations

UDIV	- 0.0	MCOR
MINT-B	- 0.0	MCOR
MINT	- 0.0	MCOR
CBND	- 0.0	MCOR
TERM	- 0.0	MCOR
MCOR	- 0.0	IDEF-B

Manulife Smart Constituents Risk-Adjusted Indicators

Strong stock returns do not always mean Manulife Smart ETF is outperforming its peers on a fundamental level. A thorough review of Manulife Smart's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFUN	0.41	-0.04	0.00	0.83	0.00	0.00	0.76	-0.93	3.72
MUMC	0.79	0.06	0.06	0.08	1.00	-0.93	1.60	-1.42	8.53
IDEF-B	0.60	0.16	0.12	3.16	0.47	-2.38	1.00	-0.96	12.75
MCOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERM	0.10	0.01	0.17	0.28	0.00	-0.14	0.21	-0.20	0.62
CBND	0.15	0.01	0.13	0.07	0.13	-0.19	0.33	-0.33	1.09
MINT	0.52	0.07	0.10	0.14	0.69	-0.52	0.96	-1.09	4.14
MINT-B	0.80	0.01	0.03	0.03	1.18	-0.81	1.57	-2.22	6.12
UDIV	0.65	0.06	0.08	0.07	0.75	-0.68	1.25	-1.19	4.37

Manulife Smart Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	UDIV	MFUN	MUMC	IDEF-B	TERM	CBND	MINT	MINT-B
	0.55 14.75 Manulife	0.09 10.55 Manulife	1.77 48.97 Manulife	0.74 15.04 Manulife	0.31 9.76 Manulife	0.44 9.20 Manulife	0.72 45.00 Manulife	0.41 40.96 Manulife
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Contained	Weak	Mild	Moderate	Contained	Mild	Moderate	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Fair	Low	Fair	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Fairly Valued	Under Valued	Over Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Sell	Strong Hold	Strong Buy	Strong Sell	Hold	Strong Hold	Cautious Hold
Equity Positions Weight	99.30 %	N/A	99.31 %	N/A	N/A	N/A	98.20 %	99.52 %
Three Year Return	10.70 %	N/A	12.30 %	N/A	5.30 %	5.20 %	15.90 %	1.75 %
Net Asset	100.86 M	N/A	16.09 M	N/A	517.71 M	N/A	89.6 M	518.88 M
Annual Yield	N/A	N/A	N/A	N/A	N/A	N/A	0.03 %	N/A
Five Year Return	7.50 %	N/A	5.70 %	N/A	2.70 %	2.30 %	12.10 %	N/A
One Year Return	20.00 %	N/A	15.80 %	N/A	3.50 %	3.20 %	19.90 %	0.05 %
Last Dividend Paid	N/A	N/A	0.18	N/A	N/A	N/A	0.47	0.46
Bond Positions Weight	N/A	N/A	N/A	N/A	74.25 %	N/A	N/A	N/A
Beta	0.78	N/A	1.06	0.81	0.98	0.97	0.74	0.96
Day Typical Price	14.77	10.57	48.98	15.03	9.75	9.2	45.0	40.99
Accumulation Distribution	15.48	0.0066	3.16	0.0106	283.49	15.15	N/A	0.0029
Market Facilitation Index	0.0	0.07	0.0	0.16	0.0	0.0	N/A	0.12
Daily Balance Of Power	1.333333	-0.14	28.333333	0.6875	0.75	4.0	9.2 T	-1.42
Period Momentum Indicator	0.08	-0.01	0.85	0.11	0.03	0.04	0.32	-0.17
Rate Of Daily Change	1.01	1.0	1.02	1.01	1.0	1.0	1.01	1.0
Day Median Price	14.78	10.59	48.99	15.02	9.74	9.2	45.0	41.0
Price Action Indicator	0.01	-0.04	0.41	0.075	0.035	0.025	0.16	-0.12
Coefficient Of Variation	1482.95	-1,736	2120.98	903.86	828.21	1186.98	952.12	6285.87
Mean Deviation	0.6479	0.4061	0.794	0.6023	0.0965	0.1499	0.5166	0.7955
Jensen Alpha	0.0625	-0.04	0.0576	0.1632	0.0062	0.0093	0.0741	0.0133
Total Risk Alpha	0.0711	-0.02	0.0811	0.2133	0.01	0.0133	0.0846	0.0439
Sortino Ratio	0.0823	N/A	0.0605	0.1203	0.1708	0.1304	0.1017	0.0273
Downside Variance	0.7432	N/A	1.34	2.45	0.0356	0.0651	0.7558	1.55
Standard Deviation	0.8068	0.5642	1.13	1.55	0.1299	0.1989	0.6849	1.1
Kurtosis	0.2649	2.68	4.43	21.33	1.14	0.757	2.7	1.14
Potential Upside	1.25	0.7583	1.6	1.0	0.2062	0.3264	0.9635	1.57
Treynor Ratio	0.0652	0.8334	0.0815	3.16	0.2789	0.0696	0.1353	0.0342
Maximum Drawdown	4.37	3.72	8.53	12.75	0.6173	1.09	4.14	6.12
Variance	0.6509	0.3183	1.29	2.41	0.0169	0.0396	0.469	1.21
Market Risk Adjusted Performance	0.0752	0.8434	0.0915	3.17	0.2889	0.0796	0.1453	0.0442
Risk Adjusted Performance	0.0541	-0.05	0.0407	0.0935	0.0451	0.0372	0.0824	0.0155
Skewness	0.0964	-0.44	-0.04	3.93	-0.61	-0.27	-1.09	-0.59
Semi Deviation	0.7531	N/A	0.9965	0.4679	0.0	0.131	0.6928	1.18
Information Ratio	0.0879	-0.03	0.0617	0.1213	0.2479	0.1673	0.1292	0.0309
Value At Risk	-1.19	-0.93	-1.42	-0.96	-0.20	-0.33	-1.09	-2.22
Expected Short fall	-0.68	N/A	-0.93	-2.38	-0.14	-0.19	-0.52	-0.81
Downside Deviation	0.8621	N/A	1.16	1.57	0.1886	0.2552	0.8693	1.24
Semi Variance	0.5671	N/A	0.993	0.2189	-0.0024	0.0172	0.48	1.38

Manulife Smart Competition Peer Performance Charts

How to Analyze Manulife Smart Against Peers

Manulife Smart's peer analysis compares Manulife Smart with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Manulife Smart trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Manulife Smart leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

The competition view for Manulife Smart includes correlation data, so you can see not only which peers are financially similar but also which ones move together in the market. Competition analysis can clarify whether Manulife Smart is priced richly or cheaply relative to similar exposures.

This section for Manulife Smart Dividend is built from fund disclosures and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules.

This content is curated and reviewed by:

Ellen Johnson - Member of Macroaxis Editorial Board

Last reviewed on March 6th, 2026

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Manulife Smart Competition

Correlation: Manulife Smart vs Manulife Multifactor Summary

Moving together with Manulife Etf

Moving against Manulife Etf

Specify up to 10 symbols:

Manulife Smart Competition Correlation Matrix

High positive correlations

High negative correlations

Manulife Smart Constituents Risk-Adjusted Indicators

Manulife Smart Competitive Analysis

Manulife Smart Competition Peer Performance Charts

How to Analyze Manulife Smart Against Peers

Peer Comparison Metrics & Methodology

This content is curated and reviewed by:

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