DFY.TO vs. ULTA
DFY.TO (Definity Financial Corp) and ULTA (Ulta Beauty, Inc.) are both stocks. DFY.TO operates in Insurance - Property & Casualty (Financial Services), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 3 years, DFY.TO returned 31.75%/yr vs 4.03%/yr for ULTA. At a 0.11 correlation, their price movements are largely independent.
Performance
DFY.TO vs. ULTA - Performance Comparison
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Different Trading Currencies
DFY.TO is traded in CAD, while ULTA is traded in USD. To make them comparable, the ULTA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFY.TO achieves a 5.08% return, which is significantly higher than ULTA's -19.15% return.
DFY.TO
- 1D
- 1.61%
- 1M
- 5.93%
- 6M
- 10.42%
- YTD
- 5.08%
- 1Y
- 3.32%
- 3Y*
- 31.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.56%
ULTA
- 1D
- -0.50%
- 1M
- -1.57%
- 6M
- -29.17%
- YTD
- -19.15%
- 1Y
- -4.10%
- 3Y*
- 4.03%
- 5Y*
- 9.31%
- 10Y*
- 6.94%
- ALL TIME*
- 17.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DFY.TO Definity Financial Corp | CA$13.63M | CA$13.44M | CA$12.27M |
| CA$395.86M | CA$424.90M | CA$519.83M |
DFY.TO vs. ULTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFY.TO Definity Financial Corp | 5.08% | 31.30% | 57.75% | -0.94% | 32.39% | 5.46% |
ULTA Ulta Beauty, Inc. | -19.15% | 32.75% | -3.72% | 1.97% | 20.97% | 3.98% |
Correlation
The correlation between DFY.TO and ULTA is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021 | 0.11 |
The correlation between DFY.TO and ULTA shifts across timeframes, from -0.03 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DFY.TO:
CA$9.53B
ULTA:
$20.44B
DFY.TO:
CA$3.21
ULTA:
$26.57
DFY.TO:
24.69
ULTA:
17.89
DFY.TO:
1.51
ULTA:
1.78
DFY.TO:
1.71
ULTA:
1.67
DFY.TO:
2.37
ULTA:
8.10
DFY.TO:
CA$5.62B
ULTA:
$12.71B
DFY.TO:
CA$2.65B
ULTA:
$5.00B
DFY.TO:
CA$733.60M
ULTA:
$1.81B
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Return for Risk
DFY.TO vs. ULTA — Risk / Return Rank
DFY.TO
ULTA
DFY.TO vs. ULTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Definity Financial Corp (DFY.TO) and Ulta Beauty, Inc. (ULTA). 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.
| DFY.TO | ULTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.01 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.12 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.31 | -0.24 | +0.54 |
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Drawdowns
DFY.TO vs. ULTA - Drawdown Comparison
The maximum DFY.TO drawdown since its inception was -20.98%, smaller than the maximum ULTA drawdown of -83.51%. Use the drawdown chart below to compare losses from any high point for DFY.TO and ULTA.
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Drawdown Indicators
| DFY.TO | ULTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -83.51% | +62.53% |
Max Drawdown (1Y)Largest decline over 1 year | -19.95% | -34.55% | +14.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.98% | -42.47% | +21.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.07% | — |
Current DrawdownCurrent decline from peak | -0.13% | -30.50% | +30.37% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -20.01% | +13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 17.29% | -6.40% |
Volatility
DFY.TO vs. ULTA - Volatility Comparison
The current volatility for Definity Financial Corp (DFY.TO) is 5.23%, while Ulta Beauty, Inc. (ULTA) has a volatility of 8.71%. This indicates that DFY.TO experiences smaller price fluctuations and is considered to be less risky than ULTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFY.TO | ULTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 8.71% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.52% | 26.69% | -9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 35.29% | -12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.44% | 34.83% | -11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.44% | 38.98% | -15.54% |
Dividends
DFY.TO vs. ULTA - Dividend Comparison
DFY.TO's dividend yield for the trailing twelve months is around 1.02%, while ULTA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DFY.TO Definity Financial Corp | 1.02% | 0.99% | 1.09% | 1.47% | 1.43% |
ULTA Ulta Beauty, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DFY.TO vs. ULTA - Financials Comparison
This section allows you to compare key financial metrics between Definity Financial Corp and Ulta Beauty, Inc.. 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
DFY.TO vs. ULTA - Profitability Comparison
DFY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Definity Financial Corp reported a gross profit of 1.92B and revenue of 1.92B. Therefore, the gross margin over that period was 100.0%.
ULTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.
DFY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Definity Financial Corp reported an operating income of 92.20M and revenue of 1.92B, resulting in an operating margin of 4.8%.
ULTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.
DFY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Definity Financial Corp reported a net income of 63.90M and revenue of 1.92B, resulting in a net margin of 3.3%.
ULTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.
Frequently Asked Questions
DFY.TO and ULTA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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