CBOE vs. MDA.TO
CBOE (Cboe Global Markets, Inc.) and MDA.TO (MDA Space Ltd.) are both stocks. CBOE operates in Financial Data & Stock Exchanges (Financial Services), while MDA.TO operates in Aerospace & Defense (Industrials). Over the past 5 years, CBOE returned 22.58%/yr vs 24.63%/yr for MDA.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
CBOE vs. MDA.TO - Performance Comparison
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Different Trading Currencies
CBOE 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, CBOE achieves a 18.03% return, which is significantly lower than MDA.TO's 91.70% return.
CBOE
- 1D
- -0.33%
- 1M
- -19.41%
- YTD
- 18.03%
- 6M
- 17.09%
- 1Y
- 31.68%
- 3Y*
- 31.02%
- 5Y*
- 22.58%
- 10Y*
- 17.84%
MDA.TO
- 1D
- -8.83%
- 1M
- -2.69%
- YTD
- 91.70%
- 6M
- 102.89%
- 1Y
- 72.69%
- 3Y*
- 80.24%
- 5Y*
- 24.63%
- 10Y*
- —
CBOE vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 18.03% | 29.96% | 10.74% | 44.37% | -2.16% | 32.10% |
MDA.TO MDA Space Ltd. | 91.70% | -5.47% | 136.33% | 84.39% | -36.65% | -33.73% |
Correlation
The correlation between CBOE and MDA.TO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.02 |
The correlation between CBOE and MDA.TO shifts across timeframes, from -0.13 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CBOE:
$30.97B
MDA.TO:
CA$6.92B
CBOE:
$11.77
MDA.TO:
CA$0.81
CBOE:
25.07
MDA.TO:
64.10
CBOE:
0.47
MDA.TO:
0.26
CBOE:
6.46
MDA.TO:
3.86
CBOE:
5.76
MDA.TO:
3.75
CBOE:
$4.79B
MDA.TO:
CA$1.75B
CBOE:
$2.50B
MDA.TO:
CA$366.40M
CBOE:
$1.87B
MDA.TO:
CA$291.70M
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Return for Risk
CBOE vs. MDA.TO — Risk / Return Rank
CBOE
MDA.TO
CBOE vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) 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.
| CBOE | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.34 | -0.05 |
| Martin ratioReturn relative to average drawdown | 5.70 | 2.89 | +2.81 |
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Drawdowns
CBOE vs. MDA.TO - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum MDA.TO drawdown of -70.91%. Use the drawdown chart below to compare losses from any high point for CBOE and MDA.TO.
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Drawdown Indicators
| CBOE | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -70.91% | +27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -54.42% | +29.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -54.42% | +29.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -68.48% | +43.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | — | — |
Current DrawdownCurrent decline from peak | -19.41% | -23.10% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -32.40% | +20.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 25.24% | -19.66% |
Volatility
CBOE vs. MDA.TO - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 15.70%, while MDA Space Ltd. (MDA.TO) has a volatility of 21.82%. This indicates that CBOE 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
| CBOE | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 21.82% | -6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 24.24% | 45.86% | -21.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.44% | 65.22% | -37.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 49.78% | -26.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.36% | 49.81% | -24.45% |
Dividends
CBOE vs. MDA.TO - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 0.98%, while MDA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 0.98% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
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
CBOE vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, 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
CBOE vs. MDA.TO - Profitability Comparison
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a gross profit of 669.90M and revenue of 1.27B. Therefore, the gross margin over that period was 52.6%.
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%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported an operating income of 505.60M and revenue of 1.27B, resulting in an operating margin of 39.7%.
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%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a net income of 385.70M and revenue of 1.27B, resulting in a net margin of 30.3%.
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
CBOE and MDA.TO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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