MDA.TO vs. NEM
MDA.TO (MDA Space Ltd.) and NEM (Newmont Corporation) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while NEM operates in Gold (Basic Materials). Over the past 5 years, MDA.TO returned 29.55%/yr vs 13.49%/yr for NEM. At a 0.10 correlation, their price movements are largely independent.
Performance
MDA.TO vs. NEM - Performance Comparison
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Different Trading Currencies
MDA.TO is traded in CAD, while NEM is traded in USD. To make them comparable, the NEM 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 NEM's 1.39% 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*
- —
NEM
- 1D
- -0.45%
- 1M
- -13.07%
- YTD
- 1.39%
- 6M
- 12.60%
- 1Y
- 94.95%
- 3Y*
- 38.59%
- 5Y*
- 13.49%
- 10Y*
- 14.50%
MDA.TO vs. NEM - 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% |
NEM Newmont Corporation | 1.39% | 160.36% | -0.03% | -10.93% | -15.75% | 3.25% |
Correlation
The correlation between MDA.TO and NEM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
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 |
Fundamentals
MDA.TO:
CA$0.81
NEM:
$6.34
MDA.TO:
66.38
NEM:
15.62
MDA.TO:
0.27
NEM:
0.41
MDA.TO:
4.00
NEM:
4.77
MDA.TO:
CA$1.75B
NEM:
$17.23B
MDA.TO:
CA$366.40M
NEM:
$8.97B
MDA.TO:
CA$291.70M
NEM:
$13.78B
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Return for Risk
MDA.TO vs. NEM — Risk / Return Rank
MDA.TO
NEM
MDA.TO vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.61 | -2.06 |
| Martin ratioReturn relative to average drawdown | 3.32 | 9.68 | -6.36 |
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 | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.04 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.36 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.16 | +0.43 |
Drawdowns
MDA.TO vs. NEM - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, roughly equal to the maximum NEM drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for MDA.TO and NEM.
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Drawdown Indicators
| MDA.TO | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -70.02% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -26.48% | -27.29% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -33.96% | -19.81% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -59.76% | -5.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.76% | — |
Current DrawdownCurrent decline from peak | -19.54% | -22.70% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -30.71% | -29.17% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 9.85% | +15.10% |
Volatility
MDA.TO vs. NEM - Volatility Comparison
MDA Space Ltd. (MDA.TO) has a higher volatility of 19.65% compared to Newmont Corporation (NEM) at 14.36%. This indicates that MDA.TO's price experiences larger fluctuations and is considered to be riskier than NEM 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 | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 14.36% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 37.08% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.12% | 46.86% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.14% | 38.01% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.23% | 36.03% | +13.20% |
Dividends
MDA.TO vs. NEM - Dividend Comparison
MDA.TO has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NEM Newmont Corporation | 1.03% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
MDA.TO vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and Newmont 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
Frequently Asked Questions
MDA.TO and NEM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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