AXON vs. MDA.TO
AXON (Axon Enterprise, Inc.) and MDA.TO (MDA Space Ltd.) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 5 years, AXON returned 26.05%/yr vs 25.95%/yr for MDA.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
AXON vs. MDA.TO - Performance Comparison
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Different Trading Currencies
AXON is traded in USD, while MDA.TO is traded in CAD. To make them comparable, the MDA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AXON achieves a -17.06% return, which is significantly lower than MDA.TO's 99.11% return.
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
MDA.TO
- 1D
- 0.66%
- 1M
- 11.96%
- YTD
- 99.11%
- 6M
- 119.52%
- 1Y
- 78.83%
- 3Y*
- 84.50%
- 5Y*
- 25.95%
- 10Y*
- —
AXON vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 7.83% |
MDA.TO MDA Space Ltd. | 99.11% | -5.47% | 136.33% | 84.39% | -36.65% | -33.73% |
Correlation
The correlation between AXON and MDA.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 | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.26 |
Fundamentals
AXON:
$38.85B
MDA.TO:
CA$7.17B
AXON:
$2.41
MDA.TO:
CA$0.81
AXON:
195.83
MDA.TO:
66.38
AXON:
0.06
MDA.TO:
0.27
AXON:
13.54
MDA.TO:
4.00
AXON:
10.99
MDA.TO:
3.88
AXON:
$2.98B
MDA.TO:
CA$1.75B
AXON:
$1.77B
MDA.TO:
CA$366.40M
AXON:
$156.24M
MDA.TO:
CA$291.70M
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Return for Risk
AXON vs. MDA.TO — Risk / Return Rank
AXON
MDA.TO
AXON vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) and MDA Space Ltd. (MDA.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.
| AXON | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.25 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.46 | -2.13 |
| Martin ratioReturn relative to average drawdown | -1.17 | 3.15 | -4.32 |
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
| AXON | MDA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 1.24 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.53 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.53 | -0.02 |
Drawdowns
AXON vs. MDA.TO - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, which is greater than MDA.TO's maximum drawdown of -70.91%. Use the drawdown chart below to compare losses from any high point for AXON and MDA.TO.
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Drawdown Indicators
| AXON | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -70.91% | -20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -54.42% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -54.42% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -68.48% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | — | — |
Current DrawdownCurrent decline from peak | -45.92% | -20.13% | -25.79% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -32.46% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.81% | 25.11% | +9.70% |
Volatility
AXON vs. MDA.TO - Volatility Comparison
Axon Enterprise, Inc. (AXON) and MDA Space Ltd. (MDA.TO) have volatilities of 19.02% and 19.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXON | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.02% | 19.31% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 44.24% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.73% | 64.17% | -8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 49.48% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.19% | 49.58% | -0.39% |
Dividends
AXON vs. MDA.TO - Dividend Comparison
Neither AXON nor MDA.TO has paid dividends to shareholders.
Financials
AXON vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, Inc. and MDA Space Ltd.. 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
AXON vs. MDA.TO - Profitability Comparison
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
MDA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MDA Space Ltd. reported a gross profit of 84.00M and revenue of 464.10M. Therefore, the gross margin over that period was 18.1%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
MDA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MDA Space Ltd. reported an operating income of 32.30M and revenue of 464.10M, resulting in an operating margin of 7.0%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
MDA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MDA Space Ltd. reported a net income of 29.60M and revenue of 464.10M, resulting in a net margin of 6.4%.
Frequently Asked Questions
AXON and MDA.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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