MDA.TO vs. IONQ
MDA.TO (MDA Space Ltd.) and IONQ (IonQ, Inc.) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while IONQ operates in Computer Hardware (Technology). Over the past 5 years, MDA.TO returned 28.31%/yr vs 44.61%/yr for IONQ. At a 0.27 correlation, their price movements are largely independent.
Performance
MDA.TO vs. IONQ - Performance Comparison
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Different Trading Currencies
MDA.TO is traded in CAD, while IONQ is traded in USD. To make them comparable, the IONQ 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 95.80% return, which is significantly higher than IONQ's 31.54% return.
MDA.TO
- 1D
- -8.57%
- 1M
- -3.03%
- YTD
- 95.80%
- 6M
- 106.00%
- 1Y
- 76.45%
- 3Y*
- 83.01%
- 5Y*
- 28.31%
- 10Y*
- —
IONQ
- 1D
- -0.06%
- 1M
- 2.63%
- YTD
- 31.54%
- 6M
- 16.54%
- 1Y
- 57.11%
- 3Y*
- 78.53%
- 5Y*
- 44.61%
- 10Y*
- —
MDA.TO vs. IONQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MDA.TO MDA Space Ltd. | 95.80% | -9.79% | 156.34% | 80.00% | -32.63% | -32.81% |
IONQ IonQ, Inc. | 31.54% | 2.52% | 265.67% | 250.59% | -78.03% | 57.69% |
Correlation
The correlation between MDA.TO and IONQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.27 |
The correlation between MDA.TO and IONQ shifts across timeframes, from 0.25 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MDA.TO:
CA$6.92B
IONQ:
$21.48B
MDA.TO:
CA$0.81
IONQ:
$0.86
MDA.TO:
64.10
IONQ:
67.11
MDA.TO:
3.86
IONQ:
99.37
MDA.TO:
3.75
IONQ:
4.32
MDA.TO:
CA$1.75B
IONQ:
$187.12M
MDA.TO:
CA$366.40M
IONQ:
$71.25M
MDA.TO:
CA$291.70M
IONQ:
$405.86M
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Return for Risk
MDA.TO vs. IONQ — Risk / Return Rank
MDA.TO
IONQ
MDA.TO vs. IONQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and IonQ, Inc. (IONQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MDA.TO | IONQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.78 | +0.65 |
| Martin ratioReturn relative to average drawdown | 3.07 | 1.40 | +1.67 |
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Drawdowns
MDA.TO vs. IONQ - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, smaller than the maximum IONQ drawdown of -89.21%. Use the drawdown chart below to compare losses from any high point for MDA.TO and IONQ.
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Drawdown Indicators
| MDA.TO | IONQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -89.21% | +20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -67.84% | +14.07% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -67.84% | +14.07% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -89.21% | +23.53% |
Current DrawdownCurrent decline from peak | -22.30% | -29.66% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -30.65% | -50.36% | +19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.08% | 37.76% | -12.68% |
Volatility
MDA.TO vs. IONQ - Volatility Comparison
The current volatility for MDA Space Ltd. (MDA.TO) is 21.96%, while IonQ, Inc. (IONQ) has a volatility of 31.60%. This indicates that MDA.TO experiences smaller price fluctuations and is considered to be less risky than IONQ 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 | IONQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.96% | 31.60% | -9.64% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 68.87% | -23.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.12% | 93.24% | -28.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.43% | 100.62% | -51.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.45% | 97.74% | -48.29% |
Dividends
MDA.TO vs. IONQ - Dividend Comparison
Neither MDA.TO nor IONQ has paid dividends to shareholders.
Financials
MDA.TO vs. IONQ - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and IonQ, Inc.. 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
Frequently Asked Questions
MDA.TO and IONQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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