TSX · CAD · ETF

Manulife Multifactor U.S. Small Cap Index ETF (Hedged) (MUSC.TO) ETF Analysis

MUSC.TO

Expense ratio 0.54% Yield 0.84% Assets CA$6.20M Since November 27, 2017 Family Manulife Investments

Last Updated: October 20, 2026

CA$38.17

CA$0.00 (0.00%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MUSC.TO Annualized Returns

With dividends reinvested · as of October 20, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+7.94%	+7.94%	CA$107.94	CA$323.81
3 years	+41.47%	+12.26%	CA$141.47	CA$424.42
5 years	+24.21%	+4.43%	CA$124.21	CA$372.64
Since November 27, 2017	+61.09%	+5.51%	CA$161.09	CA$483.28

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

MUSC.TO Return by Calendar Year

2017 and 2026 are partial years

−16.41%+24.99%+6.71%

2017*201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+6.71%
2025	−3.19%
2024	+24.99%
2023	+11.83%
2022	−16.41%
2021	+20.14%
2020	+12.67%
2019	+2.78%
2018	−4.13%
2017 (partial year)	+0.07%

MUSC.TO Monthly Returns

−29%+18%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+4.8	+3.5	−2.6	+2.4	−0.3	+4.1	+1.1	+2.7	−6.5	−2.1	—	—
2025	−3.6	−2.7	−8.0	−9.7	+14.1	+1.1	+1.8	+4.0	+0.9	−0.3	+0.0	+1.2
2024	+2.0	+0.9	+4.0	−0.8	+1.6	−0.4	+6.5	−2.3	+3.4	+0.4	+0.0	+7.7
2023	+6.3	+2.3	−7.6	+1.3	−1.6	+7.1	+5.8	−2.3	−3.4	−4.8	−1.4	+11.1
2022	−11.0	+1.5	+2.8	−2.3	−3.2	−10.1	+10.3	+0.6	−3.7	−1.3	+5.8	−5.0
2021	+2.8	+5.3	+2.7	+5.2	−3.0	+0.9	−0.5	+0.0	+1.2	+3.4	−1.1	+2.0
2020	+0.0	+0.0	−28.6	+17.5	+2.2	+1.4	+4.2	+3.6	−7.6	+5.7	+16.2	+5.8
2019	−3.1	+5.7	+0.0	+0.0	−0.7	+0.4	+0.0	+0.0	+0.0	+0.0	+0.0	+0.6
2018	+0.0	+0.0	+0.0	+0.0	+1.4	−1.1	+4.2	+1.5	+0.0	+0.0	−10.0	+0.6
2017	—	—	—	—	—	—	—	—	—	—	—	+0.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

MUSC.TO Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs

Annualized volatility: 23.14%
Beta (3y): 1.15
Best year: +24.99%
Worst year: −16.41%

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

#	Symbol	Name	Weight
1	ARW	Arrow Electronics Inc	0.61%
2	DAR	Darling Ingredients Inc	0.55%
3	LFUS	Littelfuse Inc	0.55%
4	SMTC	Semtech Corp	0.54%
5	SM	SM Energy Co	0.54%
6	KRYS	Krystal Biotech Inc	0.52%
7	R	Ryder System Inc	0.51%
8	JXN	Jackson Financial Inc	0.5%
9	U	Unity Software Inc Ordinary Shares	0.49%
10	VOYA	Voya Financial Inc	0.49%

Analysis

Data-derived

Fund Overview

Manulife Multifactor U.S. Small Cap Index ETF (Hedged) (MUSC.TO) is an exchange-traded fund. The fund holds CA$6.20M in total net assets. Annual costs run at an expense ratio of 0.54%. On a CA$10,000 position that is CA$54.00 a year. The fund is issued by Manulife Investments. It has been trading since November 27, 2017.

Its biggest positions are Arrow Electronics Inc (ARW), Darling Ingredients Inc (DAR), and Littelfuse Inc (LFUS). Arrow Electronics Inc alone accounts for 0.61% of the portfolio. The ten largest positions together make up 5.29% of the fund.

Performance Analysis

The most recent close on file for MUSC.TO is CA$38.17, dated October 20, 2026. Over the trailing twelve months the total return is +7.94%. Measured over 5 years, that is +4.43% a year compounded. The trailing distribution yield is 0.84%.

So far in 2026 the total return is +6.71%. Across the complete calendar years on file, 2024 returned +24.99% and 2022 returned −16.41%. Of the 8 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Daily returns over the trailing 8 years annualize to a volatility of 23.14%. The reported beta is 1.15. The 52-week range on file runs from CA$35.66 to CA$41.91. The latest close sits 7.04% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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