# How Mizuho Financial Group (MFG) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/mfg
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on MFG alone. It places MFG (Mizuho Financial Group, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where MFG stands in the market, and of the alternatives worth a closer look.

Period covered: MFG's full trading record, from November 2006 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** Over the past 6 months, MFG rose 15.2% against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100. Its bank peers were far apart over the past 6 months, from BNS (Bank of Nova Scotia, up 22.4%) to HSBC (up 2.3%).
- **Stock or market?:** MFG rose 0.7% over the past 3 months, in line with the banks ETF IXG (iShares Global Financials ETF), which fell 0.2%. The S&P 500 rose 3.9%. Its bank peers did not move as one over the past 3 months: BBVA (Banco Bilbao Vizcaya Argentaria) rose 3.1%, while HSBC fell 5.9%.
- **Past 1 to 3 years:** MFG has run far ahead of the market, rising 53.1% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (216% against 89.3%). The last two calendar years both went the same way: MFG rose 54.5% in 2025, against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100.
- **Long term:** MFG turned $10,000 into $44,500 over the past decade, against $42,100 in the S&P 500. MFG's 10-year return of 345% puts it ahead of 78% of the stocks worth at least $300 million with that much history. The S&P 500 returned 321%.
- **In a crash:** Across six sell-offs, MFG has typically fallen 1.3 times as far as the S&P 500. That said, in the 2022 bear market, MFG held up better than its bank peers, including JPM (JPMorgan Chase & Co.), HSBC and RY.
- **Diversification:** Against the S&P 500, MFG has a correlation of 0.32 over 5 years, less closely than 67% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 10 years MFG kept more of the market's gains than of its losses: 75% of the S&P 500's gains in rising months and 42% of its losses in falling ones, with a beta of 0.54.
- **Better options:** Few investments have done better on both counts: only two of the 3,633 stocks and funds worth at least $500 million earned more than MFG with less volatility over the past 5 years, among them MCK (McKesson) and CAH (Cardinal Health). That said, among MFG's popular alternatives, BBVA (Banco Bilbao Vizcaya Argentaria) earned more than MFG over the past 5 years with similar volatility: 38.7% a year at 33.3% volatility, against 33.6% a year at 30.6%.

## How much would $10,000 in MFG have grown?

This chart tracks a hypothetical $10,000 investment in MFG over the past 19 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of MFG over the same span and MFG's popular alternatives, among those that traded for the entire period.

- $10,000 invested in MFG at the end of September 2007 would have grown to $20,887 by September 2026, less than the $70,725 it would have become in SPY, an S&P 500 fund.
- Six of the eight other investments on the chart ended ahead of MFG, and JPM finished highest, at $116,856.

## MFG at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- MFG's deepest decline since it began trading in 2006 was 80.2%, from January 2007 to November 2011. It took about 14 years from the low to climb back to its old high.
- Over 19 full calendar years, MFG's best was 2025, when it returned 54.5%, and its worst was 2008, when it lost 38.1%. It lost money in eight of those years.
- MFG is 13.5% below its all-time high.

- Type: Stock, Financials (Banks - Regional)
- Trading since: November 8, 2006
- Market value: $121B
- Volatility (5 years): 30.6%; Sharpe ratio: 1.10
- Worst decline ever: −80.2%, from January 22, 2007 to November 23, 2011; back at its high by November 14, 2025

| Period | MFG total return |
| --- | --- |
| 1 month | −10.6% |
| 3 months | +0.7% |
| 6 months | +15.2% |
| year to date | +33.7% |
| 1 year | +53.1% |
| 3 years | +216% |
| 5 years | +326% |
| 10 years | +345% |

## MFG against the whole market

Where MFG ranks among every stock and fund, and what across the market has done better.

### How does MFG rank among all stocks?

This section ranks MFG on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- On return for the risk taken (the Sharpe ratio), MFG ranks in the top 2% of the 2,893 stocks worth at least $300 million.

| Measure | MFG | Rank |
| --- | --- | --- |
| 1-year return | +53.1% | 509 of 3,287 (top 16%) |
| 3-year return | +216% | 356 of 3,017 (top 12%) |
| 5-year return | +326% | 142 of 2,893 (top 5%) |
| 10-year return | +345% | 492 of 2,202 (top 23%) |
| Volatility, 5 years | 30.6% | 788 of 2,893 (top 28%) |
| Sharpe ratio, 5 years | 1.10 | 49 of 2,893 (top 2%) |
| Worst decline, past 10 years | −45.7% | 314 of 2,187 (top 15%) |

### What has beaten MFG on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- Two stocks worth at least $500 million sit in the green region: each earned more than MFG over the past 5 years with smaller price swings. That is fewer than 1% of the 3,633 screened. Few investments beat it on both counts.
- Among those with at least half MFG's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 19% less than MFG's 30.6%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 1.10 for MFG.

### Is there a better investment than MFG?

The table below lists investments that beat MFG over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among MFG's popular alternatives, BBVA earned more than MFG over the past 5 years with similar volatility: 38.7% a year at 33.3% volatility, against 33.6% a year at 30.6%.
- Few investments have done better on both counts: only two of the 3,633 stocks and funds worth at least $500 million earned more than MFG with less volatility over the past 5 years, among them MCK and CAH.

The 2 strongest of 2 investments that beat MFG over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with MFG | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| MFG: Mizuho Financial Group, Inc. (this page) |  | +33.6% | 30.6% | 1.10 | −45.7% | +345% |  |  |
| [MCK](https://easycompare.io/research/mck): McKesson Corporation | Health Care Distribution | +38.7% | 25.0% | 1.44 | −38.1% | +586% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.08 | Higher return, lower volatility |

## MFG against its popular alternatives

The investments people most often weigh against MFG, compared period by period and year by year.

### How do MFG's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Only SMFG was both more rewarding and calmer than MFG over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, MFG returned 33.6% a year, more than the S&P 500's 12.7%, with higher volatility (30.6% against 17.1%).

### Has MFG consistently beaten its popular alternatives?

This section compares MFG with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- None of the 23 popular alternatives outperformed MFG in at least 3 of 5 short-term and 2 of 3 long-term timeframes. The closest was BBVA.
- BBVA outperformed MFG over all three long-term periods but in only one of the five short-term ones, so MFG has had the better of it lately.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of MFG | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MFG: Mizuho Financial Group, Inc. (this page) | +53.1% | +216% | +326% | +345% |  |  | 1.10 |
| [BBVA](https://easycompare.io/research/bbva): Banco Bilbao Vizcaya Argentaria, S.A. | +35.2% | +281% | +413% | +542% | 1/5 short-term, 3/3 long-term |  | 1.16 |
| NWG: NatWest Group plc | +20.7% | +273% | +239% | +495% | 1/5 short-term, 2/3 long-term |  | 0.89 |
| [CM](https://easycompare.io/research/cm): Canadian Imperial Bank of Commerce | +44.4% | +261% | +141% | +395% | 1/5 short-term, 2/3 long-term |  | 0.93 |
| [MUFG](https://easycompare.io/research/mufg): Mitsubishi UFJ Financial Group, Inc. | +41.3% | +184% | +319% | +483% | 4/5 short-term, 1/3 long-term |  | 1.13 |
| [SMFG](https://easycompare.io/research/smfg): Sumitomo Mitsui Financial Group, Inc. | +53.5% | +181% | +327% | +474% | 2/5 short-term, 1/3 long-term |  | 1.14 |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | +13.0% | +150% | +122% | +537% | 1/5 short-term, 1/3 long-term |  | 0.78 |
| [GS](https://easycompare.io/research/gs): The Goldman Sachs Group, Inc. | +18.2% | +215% | +145% | +521% | 1/5 short-term, 1/3 long-term |  | 0.77 |
| [UBS](https://easycompare.io/research/ubs): UBS Group AG | +26.3% | +116% | +210% | +374% | 1/5 short-term, 1/3 long-term |  | 0.90 |
| [C](https://easycompare.io/research/c): Citigroup Inc. | +26.0% | +238% | +102% | +234% | 1/5 short-term, 1/3 long-term |  | 0.63 |
| [SAN](https://easycompare.io/research/san): Banco Santander, S.A. | +35.9% | +305% | +295% | +332% | 0/5 short-term, 1/3 long-term |  | 0.99 |
| [BCS](https://easycompare.io/research/bcs): Barclays PLC | +15.1% | +242% | +134% | +238% | 0/5 short-term, 1/3 long-term |  | 0.67 |
| [DB](https://easycompare.io/research/db): Deutsche Bank AG | −3.1% | +244% | +171% | +165% | 0/5 short-term, 1/3 long-term |  | 0.72 |
| [TD](https://easycompare.io/research/td): The Toronto-Dominion Bank | +57.5% | +141% | +109% | +310% | 4/5 short-term, 0/3 long-term |  | 0.84 |
| [BNS](https://easycompare.io/research/bns): The Bank of Nova Scotia | +50.0% | +162% | +83.1% | +187% | 3/5 short-term, 0/3 long-term |  | 0.71 |
| [IX](https://easycompare.io/research/ix): ORIX Corporation | +50.8% | +128% | +128% | +284% | 2/5 short-term, 0/3 long-term |  | 0.78 |
| EWJ: iShares MSCI Japan ETF | +19.2% | +79.1% | +55.6% | +132% | 2/5 short-term, 0/3 long-term |  | 0.57 |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | +39.2% | +173% | +122% | +352% | 1/5 short-term, 0/3 long-term |  | 0.97 |
| [ING](https://easycompare.io/research/ing): ING Groep N.V. | +42.5% | +209% | +201% | +339% | 1/5 short-term, 0/3 long-term |  | 0.87 |
| [BMO](https://easycompare.io/research/bmo): Bank of Montreal | +37.6% | +146% | +89.4% | +295% | 1/5 short-term, 0/3 long-term |  | 0.71 |
| JEF: Jefferies Financial Group Inc. | −14.2% | +51.7% | +30.3% | +249% | 1/5 short-term, 0/3 long-term |  | 0.33 |
| [LYG](https://easycompare.io/research/lyg): Lloyds Banking Group plc | +22.4% | +207% | +152% | +213% | 1/5 short-term, 0/3 long-term |  | 0.74 |
| NMR: Nomura Holdings, Inc. | +28.2% | +162% | +120% | +179% | 1/5 short-term, 0/3 long-term |  | 0.68 |
| [HSBC](https://easycompare.io/research/hsbc): HSBC Holdings plc | +47.7% | +201% | +318% | +319% | 0/5 short-term, 0/3 long-term |  | 1.24 |

### How did MFG do year by year?

This table shows each investment's total return in every full calendar year since 2007, along with where MFG ranked among its popular alternatives each year.

- MFG finished ahead of the S&P 500 in five of its 19 full calendar years, and ahead of it in each of the last two.
- Among its popular alternatives, MUFG came out ahead of MFG most often, in 13 of the 19 years both traded.
- Ranked against its popular alternatives each year, MFG finished in the top quarter in five of 19 years and in the bottom quarter in six. In 2025, it ranked 13 of 24.

| Year | MFG | SPY |
| --- | --- | --- |
| 2025 | +54.5% | +17.7% |
| 2024 | +47.8% | +24.9% |
| 2023 | +26.2% | +26.2% |
| 2022 | +17.2% | −18.2% |
| 2021 | +4.9% | +28.7% |
| 2020 | −12.8% | +18.3% |
| 2019 | +7.3% | +31.2% |
| 2018 | −14.1% | −4.6% |
| 2017 | +4.9% | +21.7% |
| 2016 | −7.2% | +12.0% |

## Risk and diversification

How MFG has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were MFG's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of MFG's worst declines, the S&P 500 held up better over the same dates.
- The slowest recovery came after MFG fell 80.2% from January 2007 to November 2011; it did not regain that peak until November 2025, 14 years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −80.2% | January 22, 2007 | November 23, 2011 | November 14, 2025 | −9.6% | 2008 financial crisis |
| −24.8% | February 11, 2026 | March 20, 2026 | June 17, 2026 | −6.0% |  |
| −13.5% | September 11, 2026 | October 20, 2026 | not yet | +0.9% |  |
| −8.6% | November 14, 2025 | November 20, 2025 | November 26, 2025 | −2.9% |  |
| −8.0% | July 15, 2026 | July 29, 2026 | August 5, 2026 | −3.4% |  |

### How did MFG do in stock market crashes?

This section measures how far MFG, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, EWJ held up best, falling less than MFG in five of the nine crashes they both traded through.
- MFG began trading after the dot-com bust, but 19 of its popular alternatives lived through it. The mildest fall among them was RY's 21.6%, against 47.5% for the S&P 500.
- MFG fell less than the S&P 500 in three of the nine crashes it has traded through. The clearest case was the Covid crash, when MFG fell 29.6% and the S&P 500 fell 33.7%.

| Crash | Dates | MFG fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −72.2% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −1.0% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −17.7% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −34.9% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −4.2% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −18.1% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −29.6% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −24.1% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −9.7% | −3.4% |

### How closely does MFG move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, MFG captured 75% of the S&P 500's gains in rising months and 42% of its losses in falling months, with a beta of 0.54. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only MUFG and SMFG had a higher capture ratio (upside capture divided by downside capture) than MFG's 1.81, out of 23 popular alternatives with the same record.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| MFG: Mizuho Financial Group, Inc. (this page) | 75.0% | 42.0% | 0.54 |
| [BBVA](https://easycompare.io/research/bbva): Banco Bilbao Vizcaya Argentaria, S.A. | 121% | 97.0% | 1.11 |
| NWG: NatWest Group plc | 128% | 124% | 1.13 |
| [CM](https://easycompare.io/research/cm): Canadian Imperial Bank of Commerce | 108% | 106% | 1.07 |
| [MUFG](https://easycompare.io/research/mufg): Mitsubishi UFJ Financial Group, Inc. | 84.0% | 42.0% | 0.66 |
| [SMFG](https://easycompare.io/research/smfg): Sumitomo Mitsui Financial Group, Inc. | 84.0% | 43.0% | 0.65 |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | 117% | 103% | 1.09 |
| [GS](https://easycompare.io/research/gs): The Goldman Sachs Group, Inc. | 136% | 133% | 1.39 |
| [UBS](https://easycompare.io/research/ubs): UBS Group AG | 116% | 120% | 1.18 |
| [C](https://easycompare.io/research/c): Citigroup Inc. | 131% | 165% | 1.49 |
| [SAN](https://easycompare.io/research/san): Banco Santander, S.A. | 101% | 92.0% | 1.02 |
| [BCS](https://easycompare.io/research/bcs): Barclays PLC | 113% | 131% | 1.26 |
| [DB](https://easycompare.io/research/db): Deutsche Bank AG | 102% | 118% | 1.21 |
| [TD](https://easycompare.io/research/td): The Toronto-Dominion Bank | 89.0% | 80.0% | 0.88 |
| [BNS](https://easycompare.io/research/bns): The Bank of Nova Scotia | 97.0% | 120% | 1.05 |
| [IX](https://easycompare.io/research/ix): ORIX Corporation | 84.0% | 75.0% | 0.86 |
| EWJ: iShares MSCI Japan ETF | 65.0% | 71.0% | 0.67 |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | 97.0% | 88.0% | 0.88 |
| [ING](https://easycompare.io/research/ing): ING Groep N.V. | 136% | 155% | 1.36 |
| [BMO](https://easycompare.io/research/bmo): Bank of Montreal | 104% | 112% | 1.12 |
| JEF: Jefferies Financial Group Inc. | 147% | 197% | 1.52 |
| [LYG](https://easycompare.io/research/lyg): Lloyds Banking Group plc | 106% | 130% | 1.20 |
| NMR: Nomura Holdings, Inc. | 81.0% | 82.0% | 0.76 |
| [HSBC](https://easycompare.io/research/hsbc): HSBC Holdings plc | 79.0% | 53.0% | 0.58 |

### What diversifies MFG?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in MFG into CAH would have cut the portfolio's volatility by 15% over the past 5 years and raised its annual return (+35.7% for MFG alone, +37.3% for the mix).
- GLD made money in six of the eight calendar years in which MFG lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of MFG over the past 5 years, with correlations of 0.46 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with MFG | 5Y return | Volatility | Sharpe | Rose in MFG's 8 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.46 | +119% | 11.1% | 1.48 | 0 of 8 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.34 | +225% | 19.1% | 1.34 | 4 of 8 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.35 | +101% | 14.5% | 1.04 | 2 of 8 |
| HDV: iShares Core High Dividend ETF | 0.36 | +83.3% | 13.0% | 1.00 | 2 of 8 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.23 | +323% | 36.9% | 0.97 | 6 of 8 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.42 | +85.0% | 13.8% | 0.96 | 3 of 8 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.19 | +126% | 18.9% | 0.96 | 6 of 8 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.22 | +136% | 20.8% | 0.93 | 2 of 8 |

## Common questions

### What was MFG's worst drawdown?

MFG's deepest decline since it began trading in 2006 was 80.2%, from January 2007 to November 2011. It took about 14 years from the low to climb back to its old high. Because MFG launched in November 2006, that record does not include the dot-com bust.

### What were MFG's best and worst years?

Over 19 full calendar years, MFG's best year was 2025, when it returned 54.5%. Its worst was 2008, with a return of -38.1%.

### Is there a better investment than MFG?

Among MFG's popular alternatives, BBVA earned more than MFG over the past 5 years with similar volatility: 38.7% a year at 33.3% volatility, against 33.6% a year at 30.6%. Few investments have done better on both counts: only two of the 3,633 stocks and funds worth at least $500 million earned more than MFG with less volatility over the past 5 years, among them MCK and CAH.

### Is MFG more volatile than the S&P 500?

Yes. MFG's volatility over the past 5 years was 30.6%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MFG's return lands within 30.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is MFG's Sharpe ratio?

MFG's Sharpe ratio over the past 5 years was 1.10, against 0.79 for the S&P 500, so MFG earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is MFG with the S&P 500?

Over the past 5 years, MFG's monthly returns had a correlation of 0.32 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against MFG instead: the lower it is, the more that option would diversify a MFG holding.

### What are the best alternatives to MFG?

None of the 23 popular alternatives we compared outperformed MFG in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about MFG's strength than about its alternatives.

### Did MFG outperform the S&P 500?

MFG finished ahead of the S&P 500 (SPY) in five of 19 full calendar years. In 2025, it returned +54.5%, against +17.7% for the index.

### How did MFG do in stock market crashes?

MFG fell less than the S&P 500 (SPY) in three of the nine major crashes it has traded through, and further in three. The clearest case was the Covid crash, when MFG fell 29.6% and the S&P 500 fell 33.7%.

### What diversifies MFG?

These had a low correlation with MFG over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.46), DXJ (correlation 0.34) and EMLP (correlation 0.35); among large stocks, CAH (correlation 0.08), CLS (correlation 0.25) and FIX (correlation 0.15). A correlation near zero means the two have moved largely independently.

## More research

- [Banco Bilbao Vizcaya Argentaria (BBVA) Performance, Alternatives and Market Rank](https://easycompare.io/research/bbva)
- [Canadian Imperial Bank of Commerce (CM) Performance, Alternatives and Market Rank](https://easycompare.io/research/cm)
- [Mitsubishi UFJ Financial Group (MUFG) Performance, Alternatives and Market Rank](https://easycompare.io/research/mufg)
- [Sumitomo Mitsui Financial Group (SMFG) Performance, Alternatives and Market Rank](https://easycompare.io/research/smfg)
- [JPMorgan Chase & Co. (JPM) Performance, Alternatives and Market Rank](https://easycompare.io/research/jpm)
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- [UBS Group (UBS) Performance, Alternatives and Market Rank](https://easycompare.io/research/ubs)
- [Citigroup (C) Performance, Alternatives and Market Rank](https://easycompare.io/research/c)
- [Banco Santander (SAN) Performance, Alternatives and Market Rank](https://easycompare.io/research/san)
- [Barclays (BCS) Performance, Alternatives and Market Rank](https://easycompare.io/research/bcs)
- [Deutsche Bank (DB) Performance, Alternatives and Market Rank](https://easycompare.io/research/db)
- [Toronto-Dominion Bank (TD) Performance, Alternatives and Market Rank](https://easycompare.io/research/td)

## Explore further

- Full page with charts: https://easycompare.io/research/mfg
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against MFG live: https://betterthanspy.com/?b=MFG&utm_source=easycompare&utm_medium=research