MDA.TO vs. INCY
MDA.TO (MDA Space Ltd.) and INCY (Incyte Corporation) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while INCY operates in Biotechnology (Healthcare). Over the past 5 years, MDA.TO returned 29.55%/yr vs 6.09%/yr for INCY. At a 0.10 correlation, their price movements are largely independent.
Performance
MDA.TO vs. INCY - Performance Comparison
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Different Trading Currencies
MDA.TO is traded in CAD, while INCY is traded in USD. To make them comparable, the INCY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MDA.TO achieves a 102.74% return, which is significantly higher than INCY's 3.75% 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*
- —
INCY
- 1D
- -1.43%
- 1M
- 4.23%
- YTD
- 3.75%
- 6M
- 4.90%
- 1Y
- 49.32%
- 3Y*
- 19.83%
- 5Y*
- 6.09%
- 10Y*
- 3.21%
MDA.TO vs. INCY - 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% |
INCY Incyte Corporation | 3.75% | 36.47% | 19.32% | -23.68% | 16.36% | -10.18% |
Correlation
The correlation between MDA.TO and INCY is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.10 |
The correlation between MDA.TO and INCY shifts across timeframes, from 0.00 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MDA.TO:
CA$7.17B
INCY:
$20.82B
MDA.TO:
CA$0.81
INCY:
$7.06
MDA.TO:
66.38
INCY:
14.26
MDA.TO:
0.27
INCY:
0.01
MDA.TO:
4.00
INCY:
3.81
MDA.TO:
3.88
INCY:
3.70
MDA.TO:
CA$1.75B
INCY:
$5.36B
MDA.TO:
CA$366.40M
INCY:
$3.76B
MDA.TO:
CA$291.70M
INCY:
$1.80B
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Return for Risk
MDA.TO vs. INCY — Risk / Return Rank
MDA.TO
INCY
MDA.TO vs. INCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and Incyte Corporation (INCY). 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 | INCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.63 | -1.09 |
| Martin ratioReturn relative to average drawdown | 3.32 | 5.73 | -2.41 |
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 | INCY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.46 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.20 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.29 | +0.30 |
Drawdowns
MDA.TO vs. INCY - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, smaller than the maximum INCY drawdown of -81.92%. Use the drawdown chart below to compare losses from any high point for MDA.TO and INCY.
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Drawdown Indicators
| MDA.TO | INCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -81.92% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -18.82% | -34.95% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -32.72% | -21.05% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -39.05% | -26.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.90% | — |
Current DrawdownCurrent decline from peak | -19.54% | -31.77% | +12.23% |
Average DrawdownAverage peak-to-trough decline | -30.71% | -36.44% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 8.64% | +16.31% |
Volatility
MDA.TO vs. INCY - Volatility Comparison
MDA Space Ltd. (MDA.TO) has a higher volatility of 19.65% compared to Incyte Corporation (INCY) at 9.24%. This indicates that MDA.TO's price experiences larger fluctuations and is considered to be riskier than INCY 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 | INCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 9.24% | +10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 24.13% | +20.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.12% | 33.92% | +30.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.14% | 30.29% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.23% | 35.03% | +14.20% |
Dividends
MDA.TO vs. INCY - Dividend Comparison
Neither MDA.TO nor INCY has paid dividends to shareholders.
Financials
MDA.TO vs. INCY - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and Incyte 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. INCY - 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%.
INCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.
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%.
INCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.
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%.
INCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.
Frequently Asked Questions
MDA.TO and INCY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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