ARE.TO vs. MAL.TO
ARE.TO (Aecon Group Inc.) and MAL.TO (Magellan Aerospace Corporation) are both stocks. Both are in the Industrials sector — ARE.TO in Engineering & Construction, MAL.TO in Aerospace & Defense. Over the past 10 years, ARE.TO returned 14.43%/yr vs 8.67%/yr for MAL.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
ARE.TO vs. MAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ARE.TO achieves a 44.52% return, which is significantly lower than MAL.TO's 84.10% return. Over the past 10 years, ARE.TO has outperformed MAL.TO with an annualized return of 14.43%, while MAL.TO has yielded a comparatively lower 8.67% annualized return.
ARE.TO
- 1D
- -0.97%
- 1M
- -15.16%
- YTD
- 44.52%
- 6M
- 46.99%
- 1Y
- 139.99%
- 3Y*
- 56.20%
- 5Y*
- 25.59%
- 10Y*
- 14.43%
MAL.TO
- 1D
- 6.45%
- 1M
- 26.33%
- YTD
- 84.10%
- 6M
- 104.37%
- 1Y
- 100.74%
- 3Y*
- 62.06%
- 5Y*
- 28.63%
- 10Y*
- 8.67%
ARE.TO vs. MAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 44.52% | 18.93% | 116.70% | 52.38% | -42.52% | 7.14% | -2.38% | 2.65% | -9.02% | 34.60% |
MAL.TO Magellan Aerospace Corporation | 84.10% | 85.92% | 29.71% | -20.45% | 3.54% | 18.19% | -33.84% | -3.75% | -27.23% | 18.52% |
Correlation
The correlation between ARE.TO and MAL.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.16 |
Fundamentals
ARE.TO:
CA$3.03B
MAL.TO:
CA$1.94B
ARE.TO:
CA$0.53
MAL.TO:
CA$0.79
ARE.TO:
84.54
MAL.TO:
43.09
ARE.TO:
1.35
MAL.TO:
0.45
ARE.TO:
0.53
MAL.TO:
1.82
ARE.TO:
2.84
MAL.TO:
2.32
ARE.TO:
CA$5.63B
MAL.TO:
CA$1.07B
ARE.TO:
CA$398.23M
MAL.TO:
CA$151.69M
ARE.TO:
CA$185.76M
MAL.TO:
CA$115.01M
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Return for Risk
ARE.TO vs. MAL.TO — Risk / Return Rank
ARE.TO
MAL.TO
ARE.TO vs. MAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aecon Group Inc. (ARE.TO) and Magellan Aerospace Corporation (MAL.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ARE.TO | MAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | 4.45 | +2.08 |
| Martin ratioReturn relative to average drawdown | 18.76 | 9.13 | +9.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARE.TO | MAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.70 | 2.30 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.83 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.25 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.12 | +0.28 |
Drawdowns
ARE.TO vs. MAL.TO - Drawdown Comparison
The maximum ARE.TO drawdown since its inception was -74.94%, smaller than the maximum MAL.TO drawdown of -98.40%. Use the drawdown chart below to compare losses from any high point for ARE.TO and MAL.TO.
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Drawdown Indicators
| ARE.TO | MAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.94% | -98.40% | +23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -22.77% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -46.94% | -22.77% | -24.17% |
Max Drawdown (5Y)Largest decline over 5 years | -58.59% | -35.44% | -23.15% |
Max Drawdown (10Y)Largest decline over 10 years | -58.59% | -75.12% | +16.53% |
Current DrawdownCurrent decline from peak | -20.84% | 0.00% | -20.84% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -45.08% | +18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 11.07% | -3.58% |
Volatility
ARE.TO vs. MAL.TO - Volatility Comparison
The current volatility for Aecon Group Inc. (ARE.TO) is 9.97%, while Magellan Aerospace Corporation (MAL.TO) has a volatility of 19.03%. This indicates that ARE.TO experiences smaller price fluctuations and is considered to be less risky than MAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARE.TO | MAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 19.03% | -9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 25.92% | 36.31% | -10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.17% | 44.17% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.80% | 34.58% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.75% | 35.29% | -0.54% |
Dividends
ARE.TO vs. MAL.TO - Dividend Comparison
ARE.TO's dividend yield for the trailing twelve months is around 1.69%, more than MAL.TO's 0.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 1.69% | 2.43% | 2.79% | 5.66% | 8.12% | 4.15% | 3.91% | 3.31% | 2.84% | 2.51% | 2.26% | 2.60% |
MAL.TO Magellan Aerospace Corporation | 0.59% | 0.94% | 0.99% | 1.27% | 2.60% | 4.22% | 4.79% | 2.88% | 2.37% | 1.33% | 1.32% | 1.38% |
Financials
ARE.TO vs. MAL.TO - Financials Comparison
This section allows you to compare key financial metrics between Aecon Group Inc. and Magellan Aerospace Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARE.TO vs. MAL.TO - Profitability Comparison
ARE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported a gross profit of 100.55M and revenue of 1.26B. Therefore, the gross margin over that period was 8.0%.
MAL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported a gross profit of 40.61M and revenue of 285.10M. Therefore, the gross margin over that period was 14.3%.
ARE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported an operating income of -6.50M and revenue of 1.26B, resulting in an operating margin of -0.5%.
MAL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported an operating income of 23.24M and revenue of 285.10M, resulting in an operating margin of 8.2%.
ARE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported a net income of -17.92M and revenue of 1.26B, resulting in a net margin of -1.4%.
MAL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported a net income of 16.48M and revenue of 285.10M, resulting in a net margin of 5.8%.
Frequently Asked Questions
ARE.TO and MAL.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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