CAH vs. MDA.TO
CAH (Cardinal Health, Inc.) and MDA.TO (MDA Space Ltd.) are both stocks. CAH operates in Medical Distribution (Healthcare), while MDA.TO operates in Aerospace & Defense (Industrials). Over the past 5 years, CAH returned 33.47%/yr vs 24.63%/yr for MDA.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
CAH vs. MDA.TO - Performance Comparison
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Different Trading Currencies
CAH 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, CAH achieves a 9.47% return, which is significantly lower than MDA.TO's 91.70% return.
CAH
- 1D
- 1.22%
- 1M
- 20.12%
- YTD
- 9.47%
- 6M
- 13.51%
- 1Y
- 41.03%
- 3Y*
- 38.77%
- 5Y*
- 33.47%
- 10Y*
- 14.31%
MDA.TO
- 1D
- -8.83%
- 1M
- -2.69%
- YTD
- 91.70%
- 6M
- 102.89%
- 1Y
- 72.69%
- 3Y*
- 80.24%
- 5Y*
- 24.63%
- 10Y*
- —
CAH vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 9.47% | 76.25% | 19.01% | 34.15% | 54.08% | -12.13% |
MDA.TO MDA Space Ltd. | 91.70% | -5.47% | 136.33% | 84.39% | -36.65% | -33.73% |
Correlation
The correlation between CAH and MDA.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.03 |
The correlation between CAH and MDA.TO shifts across timeframes, from -0.09 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CAH:
$52.83B
MDA.TO:
CA$6.92B
CAH:
$6.55
MDA.TO:
CA$0.81
CAH:
34.17
MDA.TO:
64.10
CAH:
0.81
MDA.TO:
0.26
CAH:
0.21
MDA.TO:
3.86
CAH:
$250.55B
MDA.TO:
CA$1.75B
CAH:
$9.23B
MDA.TO:
CA$366.40M
CAH:
$2.79B
MDA.TO:
CA$291.70M
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Return for Risk
CAH vs. MDA.TO — Risk / Return Rank
CAH
MDA.TO
CAH vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardinal Health, Inc. (CAH) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAH | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.34 | +0.68 |
| Martin ratioReturn relative to average drawdown | 5.31 | 2.89 | +2.42 |
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Drawdowns
CAH vs. MDA.TO - Drawdown Comparison
The maximum CAH drawdown since its inception was -61.93%, smaller than the maximum MDA.TO drawdown of -70.91%. Use the drawdown chart below to compare losses from any high point for CAH and MDA.TO.
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Drawdown Indicators
| CAH | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.93% | -70.91% | +8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -54.42% | +34.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.42% | -54.42% | +34.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.80% | -68.48% | +45.68% |
Max Drawdown (10Y)Largest decline over 10 years | -46.13% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -23.10% | +20.71% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -32.40% | +16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 25.24% | -17.49% |
Volatility
CAH vs. MDA.TO - Volatility Comparison
The current volatility for Cardinal Health, Inc. (CAH) is 7.19%, while MDA Space Ltd. (MDA.TO) has a volatility of 21.82%. This indicates that CAH experiences smaller price fluctuations and is considered to be less risky than MDA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAH | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 21.82% | -14.63% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 45.86% | -25.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.30% | 65.22% | -34.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 49.78% | -24.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 49.81% | -20.55% |
Dividends
CAH vs. MDA.TO - Dividend Comparison
CAH's dividend yield for the trailing twelve months is around 0.91%, while MDA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 0.91% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
MDA.TO MDA Space Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CAH vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between Cardinal Health, 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
CAH vs. MDA.TO - Profitability Comparison
CAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a gross profit of 2.50B and revenue of 60.94B. Therefore, the gross margin over that period was 4.1%.
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%.
CAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported an operating income of 509.00M and revenue of 60.94B, resulting in an operating margin of 0.8%.
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%.
CAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a net income of 399.00M and revenue of 60.94B, resulting in a net margin of 0.7%.
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
CAH and MDA.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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