MDA.TO vs. NEO.TO
MDA.TO (MDA Space Ltd.) and NEO.TO (Neo Performance Materials Inc.) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while NEO.TO operates in Specialty Chemicals (Basic Materials). Over the past 5 years, MDA.TO returned 29.55%/yr vs 16.08%/yr for NEO.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
MDA.TO vs. NEO.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MDA.TO having a 102.74% return and NEO.TO slightly higher at 106.26%.
MDA.TO
- 1D
- 0.93%
- 1M
- 14.28%
- YTD
- 102.74%
- 6M
- 121.26%
- 1Y
- 82.47%
- 3Y*
- 87.15%
- 5Y*
- 29.55%
- 10Y*
- —
NEO.TO
- 1D
- 3.43%
- 1M
- 9.90%
- YTD
- 106.26%
- 6M
- 93.76%
- 1Y
- 195.65%
- 3Y*
- 63.99%
- 5Y*
- 16.08%
- 10Y*
- —
MDA.TO vs. NEO.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% |
NEO.TO Neo Performance Materials Inc. | 106.26% | 101.35% | 10.42% | -16.66% | -51.09% | -3.78% |
Correlation
The correlation between MDA.TO and NEO.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.26 |
Fundamentals
MDA.TO:
CA$7.17B
NEO.TO:
CA$1.33B
MDA.TO:
CA$0.81
NEO.TO:
-CA$0.24
MDA.TO:
4.00
NEO.TO:
2.66
MDA.TO:
3.88
NEO.TO:
3.48
MDA.TO:
CA$1.75B
NEO.TO:
CA$511.45M
MDA.TO:
CA$366.40M
NEO.TO:
CA$147.42M
MDA.TO:
CA$291.70M
NEO.TO:
CA$61.97M
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Return for Risk
MDA.TO vs. NEO.TO — Risk / Return Rank
MDA.TO
NEO.TO
MDA.TO vs. NEO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and Neo Performance Materials Inc. (NEO.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 | NEO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.42 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 6.00 | -4.46 |
| Martin ratioReturn relative to average drawdown | 3.32 | 12.49 | -9.17 |
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 | NEO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 3.09 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.30 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.21 | +0.38 |
Drawdowns
MDA.TO vs. NEO.TO - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, smaller than the maximum NEO.TO drawdown of -72.44%. Use the drawdown chart below to compare losses from any high point for MDA.TO and NEO.TO.
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Drawdown Indicators
| MDA.TO | NEO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -72.44% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -32.83% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -37.56% | -16.21% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -72.44% | +6.76% |
Current DrawdownCurrent decline from peak | -19.54% | -10.53% | -9.01% |
Average DrawdownAverage peak-to-trough decline | -30.71% | -34.93% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 15.74% | +9.21% |
Volatility
MDA.TO vs. NEO.TO - Volatility Comparison
The current volatility for MDA Space Ltd. (MDA.TO) is 19.65%, while Neo Performance Materials Inc. (NEO.TO) has a volatility of 24.69%. This indicates that MDA.TO experiences smaller price fluctuations and is considered to be less risky than NEO.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 | NEO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 24.69% | -5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 44.28% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.12% | 63.94% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.14% | 53.45% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.23% | 52.37% | -3.14% |
Dividends
MDA.TO vs. NEO.TO - Dividend Comparison
MDA.TO has not paid dividends to shareholders, while NEO.TO's dividend yield for the trailing twelve months is around 1.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MDA.TO MDA Space Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEO.TO Neo Performance Materials Inc. | 1.25% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 3.20% | 2.47% |
Financials
MDA.TO vs. NEO.TO - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and Neo Performance Materials 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
MDA.TO vs. NEO.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%.
NEO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a gross profit of 47.82M and revenue of 152.42M. Therefore, the gross margin over that period was 31.4%.
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%.
NEO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported an operating income of 26.12M and revenue of 152.42M, resulting in an operating margin of 17.1%.
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%.
NEO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a net income of -1.62M and revenue of 152.42M, resulting in a net margin of -1.1%.
Frequently Asked Questions
MDA.TO and NEO.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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