HBM.TO vs. MDA.TO
HBM.TO (Hudbay Minerals Inc.) and MDA.TO (MDA Space Ltd.) are both stocks. HBM.TO operates in Copper (Basic Materials), while MDA.TO operates in Aerospace & Defense (Industrials). Over the past 5 years, HBM.TO returned 34.03%/yr vs 29.55%/yr for MDA.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
HBM.TO vs. MDA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HBM.TO achieves a 33.51% return, which is significantly lower than MDA.TO's 102.74% return.
HBM.TO
- 1D
- 1.82%
- 1M
- 6.13%
- YTD
- 33.51%
- 6M
- 51.09%
- 1Y
- 176.00%
- 3Y*
- 79.91%
- 5Y*
- 34.03%
- 10Y*
- 19.60%
MDA.TO
- 1D
- 0.93%
- 1M
- 14.28%
- YTD
- 102.74%
- 6M
- 121.26%
- 1Y
- 82.47%
- 3Y*
- 87.15%
- 5Y*
- 29.55%
- 10Y*
- —
HBM.TO vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HBM.TO Hudbay Minerals Inc. | 33.51% | 134.08% | 60.29% | 6.88% | -25.13% | -7.73% |
MDA.TO MDA Space Ltd. | 102.74% | -9.79% | 156.34% | 80.00% | -32.63% | -32.81% |
Correlation
The correlation between HBM.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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.19 |
Fundamentals
HBM.TO:
CA$14.50B
MDA.TO:
CA$7.17B
HBM.TO:
CA$1.65
MDA.TO:
CA$0.81
HBM.TO:
22.01
MDA.TO:
66.38
HBM.TO:
0.15
MDA.TO:
0.27
HBM.TO:
6.13
MDA.TO:
4.00
HBM.TO:
4.10
MDA.TO:
3.88
HBM.TO:
CA$2.36B
MDA.TO:
CA$1.75B
HBM.TO:
CA$851.84M
MDA.TO:
CA$366.40M
HBM.TO:
CA$1.50B
MDA.TO:
CA$291.70M
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Return for Risk
HBM.TO vs. MDA.TO — Risk / Return Rank
HBM.TO
MDA.TO
HBM.TO vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM.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.
| HBM.TO | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 1.54 | +3.39 |
| Martin ratioReturn relative to average drawdown | 16.23 | 3.32 | +12.92 |
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
| HBM.TO | MDA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.30 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.60 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.59 | -0.50 |
Drawdowns
HBM.TO vs. MDA.TO - Drawdown Comparison
The maximum HBM.TO drawdown since its inception was -92.61%, which is greater than MDA.TO's maximum drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for HBM.TO and MDA.TO.
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Drawdown Indicators
| HBM.TO | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -68.33% | -24.28% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -53.77% | +17.83% |
Max Drawdown (3Y)Largest decline over 3 years | -38.61% | -53.77% | +15.16% |
Max Drawdown (5Y)Largest decline over 5 years | -62.23% | -65.68% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -84.01% | — | — |
Current DrawdownCurrent decline from peak | -17.47% | -19.54% | +2.07% |
Average DrawdownAverage peak-to-trough decline | -60.52% | -30.71% | -29.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 24.95% | -14.06% |
Volatility
HBM.TO vs. MDA.TO - Volatility Comparison
Hudbay Minerals Inc. (HBM.TO) has a higher volatility of 25.25% compared to MDA Space Ltd. (MDA.TO) at 19.65%. This indicates that HBM.TO's price experiences larger fluctuations and is considered to be riskier 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
| HBM.TO | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.25% | 19.65% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 45.39% | 44.14% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.56% | 64.12% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.00% | 49.14% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.53% | 49.23% | +6.30% |
Dividends
HBM.TO vs. MDA.TO - Dividend Comparison
HBM.TO's dividend yield for the trailing twelve months is around 0.05%, while MDA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM.TO Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.27% | 0.29% | 0.22% | 0.22% | 0.37% | 0.31% | 0.18% | 0.26% | 0.38% |
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
HBM.TO vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between Hudbay Minerals 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
HBM.TO vs. MDA.TO - Profitability Comparison
HBM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 339.94M and revenue of 743.51M. Therefore, the gross margin over that period was 45.7%.
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%.
HBM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 296.85M and revenue of 743.51M, resulting in an operating margin of 39.9%.
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%.
HBM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.28M and revenue of 743.51M, resulting in a net margin of 25.2%.
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
HBM.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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