CGY.TO vs. MDA.TO
CGY.TO (Calian Group Ltd.) and MDA.TO (MDA Space Ltd.) are both stocks. Both are in the Industrials sector — CGY.TO in Specialty Business Services, MDA.TO in Aerospace & Defense. Over the past 5 years, CGY.TO returned 7.75%/yr vs 22.16%/yr for MDA.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
CGY.TO vs. MDA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGY.TO achieves a 42.37% return, which is significantly lower than MDA.TO's 58.30% return.
CGY.TO
- 1D
- 2.05%
- 1M
- 1.33%
- 6M
- 29.22%
- YTD
- 42.37%
- 1Y
- 58.99%
- 3Y*
- 9.09%
- 5Y*
- 7.75%
- 10Y*
- 16.25%
- ALL TIME*
- 14.73%
MDA.TO
- 1D
- -0.43%
- 1M
- -28.66%
- 6M
- 14.69%
- YTD
- 58.30%
- 1Y
- -2.88%
- 3Y*
- 72.47%
- 5Y*
- 22.16%
- 10Y*
- —
- ALL TIME*
- 22.97%
CGY.TO vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGY.TO Calian Group Ltd. | 42.37% | 17.68% | -13.77% | -12.54% | 10.48% | 5.52% |
MDA.TO MDA Space Ltd. | 58.30% | -9.79% | 156.34% | 80.00% | -32.63% | -32.81% |
Correlation
The correlation between CGY.TO and MDA.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.18 |
Fundamentals
CGY.TO:
CA$902.01M
MDA.TO:
CA$5.85B
CGY.TO:
CA$2.87
MDA.TO:
CA$0.81
CGY.TO:
27.34
MDA.TO:
51.99
CGY.TO:
1.14
MDA.TO:
0.21
CGY.TO:
1.09
MDA.TO:
3.13
CGY.TO:
2.75
MDA.TO:
3.03
CGY.TO:
CA$832.10M
MDA.TO:
CA$1.75B
CGY.TO:
CA$275.95M
MDA.TO:
CA$366.40M
CGY.TO:
CA$99.81M
MDA.TO:
CA$291.70M
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Return for Risk
CGY.TO vs. MDA.TO — Risk / Return Rank
CGY.TO
MDA.TO
CGY.TO vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calian Group Ltd. (CGY.TO) 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.
| CGY.TO | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.06 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | -0.05 | +3.14 |
| Martin ratioReturn relative to average drawdown | 7.15 | -0.11 | +7.26 |
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Drawdowns
CGY.TO vs. MDA.TO - Drawdown Comparison
The maximum CGY.TO drawdown since its inception was -43.62%, smaller than the maximum MDA.TO drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for CGY.TO and MDA.TO.
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Drawdown Indicators
| CGY.TO | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.62% | -68.33% | +24.71% |
Max Drawdown (1Y)Largest decline over 1 year | -19.20% | -53.77% | +34.57% |
Max Drawdown (3Y)Largest decline over 3 years | -38.99% | -53.77% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.62% | -65.68% | +22.06% |
Max Drawdown (10Y)Largest decline over 10 years | -43.62% | — | — |
Current DrawdownCurrent decline from peak | -14.79% | -37.18% | +22.39% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -30.49% | +20.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 26.14% | -17.86% |
Volatility
CGY.TO vs. MDA.TO - Volatility Comparison
The current volatility for Calian Group Ltd. (CGY.TO) is 9.55%, while MDA Space Ltd. (MDA.TO) has a volatility of 22.29%. This indicates that CGY.TO 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
| CGY.TO | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 22.29% | -12.74% |
Volatility (6M)Calculated over the trailing 6-month period | 31.20% | 47.99% | -16.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.69% | 68.41% | -26.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.55% | 50.19% | -18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.20% | 50.02% | -20.82% |
Dividends
CGY.TO vs. MDA.TO - Dividend Comparison
CGY.TO's dividend yield for the trailing twelve months is around 1.43%, while MDA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGY.TO Calian Group Ltd. | 1.43% | 2.02% | 2.32% | 1.95% | 1.68% | 1.82% | 1.69% | 2.91% | 3.81% | 3.49% | 4.57% | 6.93% |
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
CGY.TO vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between Calian Group Ltd. 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
CGY.TO vs. MDA.TO - Profitability Comparison
CGY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Calian Group Ltd. reported a gross profit of 69.20M and revenue of 228.70M. Therefore, the gross margin over that period was 30.3%.
MDA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
CGY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Calian Group Ltd. reported an operating income of 14.91M and revenue of 228.70M, resulting in an operating margin of 6.5%.
MDA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, MDA Space Ltd. reported an operating income of 32.30M and revenue of 464.10M, resulting in an operating margin of 7.0%.
CGY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Calian Group Ltd. reported a net income of 6.72M and revenue of 228.70M, resulting in a net margin of 2.9%.
MDA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
CGY.TO and MDA.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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