IDXX vs. MDA.TO
IDXX (IDEXX Laboratories, Inc.) and MDA.TO (MDA Space Ltd.) are both stocks. IDXX operates in Diagnostics & Research (Healthcare), while MDA.TO operates in Aerospace & Defense (Industrials). Over the past 5 years, IDXX returned -0.19%/yr vs 25.95%/yr for MDA.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
IDXX vs. MDA.TO - Performance Comparison
Loading charts...
Different Trading Currencies
IDXX 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, IDXX achieves a -17.05% return, which is significantly lower than MDA.TO's 99.11% return.
IDXX
- 1D
- -0.18%
- 1M
- 0.19%
- YTD
- -17.05%
- 6M
- -20.59%
- 1Y
- 6.91%
- 3Y*
- 7.57%
- 5Y*
- -0.19%
- 10Y*
- 20.23%
MDA.TO
- 1D
- 0.66%
- 1M
- 11.96%
- YTD
- 99.11%
- 6M
- 119.52%
- 1Y
- 78.83%
- 3Y*
- 84.50%
- 5Y*
- 25.95%
- 10Y*
- —
IDXX vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDXX IDEXX Laboratories, Inc. | -17.05% | 63.63% | -25.51% | 36.06% | -38.04% | 33.59% |
MDA.TO MDA Space Ltd. | 99.11% | -5.47% | 136.33% | 84.39% | -36.65% | -33.73% |
Correlation
The correlation between IDXX and MDA.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.21 |
Fundamentals
IDXX:
$18.08
MDA.TO:
CA$0.81
IDXX:
31.04
MDA.TO:
66.38
IDXX:
2.68
MDA.TO:
0.27
IDXX:
7.65
MDA.TO:
4.00
IDXX:
$4.45B
MDA.TO:
CA$1.75B
IDXX:
$2.76B
MDA.TO:
CA$366.40M
IDXX:
$1.52B
MDA.TO:
CA$291.70M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IDXX vs. MDA.TO — Risk / Return Rank
IDXX
MDA.TO
IDXX vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEXX Laboratories, Inc. (IDXX) 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.
| IDXX | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 1.46 | -1.23 |
| Martin ratioReturn relative to average drawdown | 0.46 | 3.15 | -2.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IDXX | MDA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 1.24 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.53 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.53 | -0.03 |
Drawdowns
IDXX vs. MDA.TO - Drawdown Comparison
The maximum IDXX drawdown since its inception was -81.42%, which is greater than MDA.TO's maximum drawdown of -70.91%. Use the drawdown chart below to compare losses from any high point for IDXX and MDA.TO.
Loading charts...
Drawdown Indicators
| IDXX | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.42% | -70.91% | -10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -31.04% | -54.42% | +23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -54.42% | +17.01% |
Max Drawdown (5Y)Largest decline over 5 years | -54.00% | -68.48% | +14.48% |
Max Drawdown (10Y)Largest decline over 10 years | -54.00% | — | — |
Current DrawdownCurrent decline from peak | -26.81% | -20.13% | -6.68% |
Average DrawdownAverage peak-to-trough decline | -21.00% | -32.46% | +11.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.03% | 25.11% | -10.08% |
Volatility
IDXX vs. MDA.TO - Volatility Comparison
The current volatility for IDEXX Laboratories, Inc. (IDXX) is 8.57%, while MDA Space Ltd. (MDA.TO) has a volatility of 19.31%. This indicates that IDXX 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.
Loading charts...
Volatility by Period
| IDXX | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 19.31% | -10.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 44.24% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.46% | 64.17% | -22.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.28% | 49.48% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 49.58% | -16.57% |
Dividends
IDXX vs. MDA.TO - Dividend Comparison
Neither IDXX nor MDA.TO has paid dividends to shareholders.
Financials
IDXX vs. MDA.TO - Financials Comparison
This section allows you to compare key financial metrics between IDEXX Laboratories, 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
IDXX vs. MDA.TO - Profitability Comparison
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
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%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
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%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
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
IDXX and MDA.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IDXX and MDA.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer