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MAL.TO vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MAL.TO vs. XEQT.TO

Last updated Jun 5, 2026

MAL.TO (Magellan Aerospace Corporation) is a stock, while XEQT.TO (iShares Core Equity ETF Portfolio) is Global Equities fund actively managed by iShares. Over the past 5 years, MAL.TO returned 28.02%/yr vs 13.90%/yr for XEQT.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

MAL.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Magellan Aerospace Corporation (MAL.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MAL.TO achieves a 80.26% return, which is significantly higher than XEQT.TO's 13.22% return.

MAL.TO

1D
2.18%
1M
29.41%
YTD
80.26%
6M
99.62%
1Y
98.06%
3Y*
64.30%
5Y*
28.02%
10Y*
7.88%

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MAL.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MAL.TO
Magellan Aerospace Corporation		80.26%85.92%29.71%-20.45%3.54%18.19%-33.84%-7.86%
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between MAL.TO and XEQT.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.26

The correlation between MAL.TO and XEQT.TO shifts across timeframes, from 0.23 (5 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.

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Magellan Aerospace Corporation

iShares Core Equity ETF Portfolio

Often compared with MAL.TO:
MAL.TO vs. BBD-B.TOMAL.TO vs. DTOL.TOMAL.TO vs. AFN.TOMAL.TO vs. FTT.TOMAL.TO vs. VLN.TOMAL.TO vs. FTG.TOMAL.TO vs. VRNA
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

MAL.TO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MAL.TO
MAL.TO Risk / Return Rank: 8888
Overall Rank
MAL.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
MAL.TO Sortino Ratio Rank: 8888
Sortino Ratio Rank
MAL.TO Omega Ratio Rank: 8585
Omega Ratio Rank
MAL.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
MAL.TO Martin Ratio Rank: 8585
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAL.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Magellan Aerospace Corporation (MAL.TO) and iShares Core Equity ETF Portfolio (XEQT.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.

MAL.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.27
2.62

-0.35

Sortino ratioReturn per unit of downside risk
3.03
3.61

-0.58

Omega ratioGain probability vs. loss probability

1.37

1.48

-0.12

Calmar ratioReturn relative to maximum drawdown

4.33

3.70

+0.63

Martin ratioReturn relative to average drawdown

8.89

16.13

-7.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAL.TO vs. XEQT.TO - Sharpe Ratio Comparison

The current MAL.TO Sharpe Ratio is 2.27, which is comparable to the XEQT.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of MAL.TO and XEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MAL.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

2.62

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

1.07

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.23

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.03

0.96

-0.99

Drawdowns

MAL.TO vs. XEQT.TO - Drawdown Comparison

The maximum MAL.TO drawdown since its inception was -99.96%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for MAL.TO and XEQT.TO.

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Drawdown Indicators

MAL.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-29.74%

-70.22%

Max Drawdown (1Y)

Largest decline over 1 year

-22.77%

-8.25%

-14.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-15.08%

-7.69%

Max Drawdown (5Y)

Largest decline over 5 years

-35.44%

-19.56%

-15.88%

Max Drawdown (10Y)

Largest decline over 10 years

-75.12%

—

—

Current Drawdown

Current decline from peak

-94.05%

0.00%

-94.05%

Average Drawdown

Average peak-to-trough decline

-86.92%

-4.11%

-82.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.07%

1.89%

+9.18%

Volatility

MAL.TO vs. XEQT.TO - Volatility Comparison

Magellan Aerospace Corporation (MAL.TO) has a higher volatility of 17.65% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.70%. This indicates that MAL.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MAL.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.65%

3.70%

+13.95%

Volatility (6M)

Calculated over the trailing 6-month period

35.63%

9.41%

+26.22%

Volatility (1Y)

Calculated over the trailing 1-year period

43.58%

11.65%

+31.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.48%

13.13%

+21.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.24%

15.56%

+19.68%

Dividends

MAL.TO vs. XEQT.TO - Dividend Comparison

MAL.TO's dividend yield for the trailing twelve months is around 0.60%, less than XEQT.TO's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
MAL.TO
Magellan Aerospace Corporation		0.60%0.94%0.99%1.27%2.60%4.22%4.79%2.88%2.37%1.33%1.33%1.39%
XEQT.TO
iShares Core Equity ETF Portfolio		1.47%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MAL.TO and XEQT.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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