MDA.TO vs. CCO.TO
MDA.TO (MDA Space Ltd.) and CCO.TO (Cameco Corporation) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while CCO.TO operates in Uranium (Energy). Over the past 5 years, MDA.TO returned 29.55%/yr vs 41.88%/yr for CCO.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
MDA.TO vs. CCO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MDA.TO achieves a 102.74% return, which is significantly higher than CCO.TO's 16.89% return.
MDA.TO
- 1D
- 0.93%
- 1M
- 14.28%
- YTD
- 102.74%
- 6M
- 121.26%
- 1Y
- 82.47%
- 3Y*
- 87.15%
- 5Y*
- 29.55%
- 10Y*
- —
CCO.TO
- 1D
- 1.96%
- 1M
- -8.17%
- YTD
- 16.89%
- 6M
- 16.59%
- 1Y
- 77.90%
- 3Y*
- 53.26%
- 5Y*
- 41.88%
- 10Y*
- 26.75%
MDA.TO vs. CCO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MDA.TO MDA Space Ltd. | 102.74% | -9.79% | 156.34% | 80.00% | -32.63% | -32.81% |
CCO.TO Cameco Corporation | 16.89% | 70.37% | 29.62% | 86.52% | 11.71% | 23.89% |
Correlation
The correlation between MDA.TO and CCO.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.24 |
The correlation between MDA.TO and CCO.TO shifts across timeframes, from 0.24 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MDA.TO:
CA$7.17B
CCO.TO:
CA$64.00B
MDA.TO:
CA$0.81
CCO.TO:
CA$1.49
MDA.TO:
66.38
CCO.TO:
98.35
MDA.TO:
0.27
CCO.TO:
0.82
MDA.TO:
4.00
CCO.TO:
18.08
MDA.TO:
3.88
CCO.TO:
9.06
MDA.TO:
CA$1.75B
CCO.TO:
CA$3.54B
MDA.TO:
CA$366.40M
CCO.TO:
CA$1.13B
MDA.TO:
CA$291.70M
CCO.TO:
CA$818.74M
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Return for Risk
MDA.TO vs. CCO.TO — Risk / Return Rank
MDA.TO
CCO.TO
MDA.TO vs. CCO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and Cameco Corporation (CCO.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.
| MDA.TO | CCO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.15 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.32 | 7.12 | -3.80 |
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
| MDA.TO | CCO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.44 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.88 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.17 | +0.42 |
Drawdowns
MDA.TO vs. CCO.TO - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, smaller than the maximum CCO.TO drawdown of -83.63%. Use the drawdown chart below to compare losses from any high point for MDA.TO and CCO.TO.
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Drawdown Indicators
| MDA.TO | CCO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -83.63% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -24.86% | -28.91% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -39.52% | -14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -39.52% | -26.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.84% | — |
Current DrawdownCurrent decline from peak | -19.54% | -19.13% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -30.71% | -48.39% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 10.98% | +13.97% |
Volatility
MDA.TO vs. CCO.TO - Volatility Comparison
MDA Space Ltd. (MDA.TO) has a higher volatility of 19.65% compared to Cameco Corporation (CCO.TO) at 15.64%. This indicates that MDA.TO's price experiences larger fluctuations and is considered to be riskier than CCO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDA.TO | CCO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 15.64% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 37.81% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.12% | 54.65% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.14% | 47.90% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.23% | 45.04% | +4.19% |
Dividends
MDA.TO vs. CCO.TO - Dividend Comparison
MDA.TO has not paid dividends to shareholders, while CCO.TO's dividend yield for the trailing twelve months is around 0.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCO.TO Cameco Corporation | 0.16% | 0.19% | 0.22% | 0.21% | 0.39% | 0.29% | 0.47% | 0.69% | 0.52% | 3.45% | 2.85% | 2.34% |
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
MDA.TO vs. CCO.TO - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and Cameco Corporation. 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
MDA.TO vs. CCO.TO - Profitability Comparison
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%.
CCO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 290.25M and revenue of 845.37M. Therefore, the gross margin over that period was 34.3%.
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%.
CCO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 153.89M and revenue of 845.37M, resulting in an operating margin of 18.2%.
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%.
CCO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 130.75M and revenue of 845.37M, resulting in a net margin of 15.5%.
Frequently Asked Questions
MDA.TO and CCO.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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