MDA.TO vs. PAAS.TO
MDA.TO (MDA Space Ltd.) and PAAS.TO (Pan American Silver Corp.) are both stocks. MDA.TO operates in Aerospace & Defense (Industrials), while PAAS.TO operates in Silver (Basic Materials). Over the past 5 years, MDA.TO returned 29.55%/yr vs 13.72%/yr for PAAS.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
MDA.TO vs. PAAS.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDA.TO achieves a 102.74% return, which is significantly higher than PAAS.TO's -6.95% 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*
- —
PAAS.TO
- 1D
- -0.62%
- 1M
- -18.40%
- YTD
- -6.95%
- 6M
- 9.68%
- 1Y
- 70.16%
- 3Y*
- 50.24%
- 5Y*
- 13.72%
- 10Y*
- 14.58%
MDA.TO vs. PAAS.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% |
PAAS.TO Pan American Silver Corp. | -6.95% | 148.70% | 37.51% | 0.37% | -28.30% | -22.32% |
Correlation
The correlation between MDA.TO and PAAS.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.13 |
Fundamentals
MDA.TO:
CA$7.17B
PAAS.TO:
CA$27.78B
MDA.TO:
CA$0.81
PAAS.TO:
CA$3.21
MDA.TO:
66.38
PAAS.TO:
20.49
MDA.TO:
0.27
PAAS.TO:
0.11
MDA.TO:
4.00
PAAS.TO:
6.49
MDA.TO:
3.88
PAAS.TO:
3.78
MDA.TO:
CA$1.75B
PAAS.TO:
CA$4.02B
MDA.TO:
CA$366.40M
PAAS.TO:
CA$1.76B
MDA.TO:
CA$291.70M
PAAS.TO:
CA$2.14B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDA.TO vs. PAAS.TO — Risk / Return Rank
MDA.TO
PAAS.TO
MDA.TO vs. PAAS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MDA Space Ltd. (MDA.TO) and Pan American Silver Corp. (PAAS.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 | PAAS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.27 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.32 | 6.10 | -2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MDA.TO | PAAS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.33 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.30 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.15 | +0.44 |
Drawdowns
MDA.TO vs. PAAS.TO - Drawdown Comparison
The maximum MDA.TO drawdown since its inception was -68.33%, smaller than the maximum PAAS.TO drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for MDA.TO and PAAS.TO.
Loading charts...
Drawdown Indicators
| MDA.TO | PAAS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.33% | -79.35% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -53.77% | -31.01% | -22.76% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | -31.01% | -22.76% |
Max Drawdown (5Y)Largest decline over 5 years | -65.68% | -55.18% | -10.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.06% | — |
Current DrawdownCurrent decline from peak | -19.54% | -29.24% | +9.70% |
Average DrawdownAverage peak-to-trough decline | -30.71% | -40.44% | +9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 11.53% | +13.42% |
Volatility
MDA.TO vs. PAAS.TO - Volatility Comparison
MDA Space Ltd. (MDA.TO) and Pan American Silver Corp. (PAAS.TO) have volatilities of 19.65% and 18.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDA.TO | PAAS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 18.96% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 44.14% | 43.79% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.12% | 53.32% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.14% | 45.79% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.23% | 47.51% | +1.72% |
Dividends
MDA.TO vs. PAAS.TO - Dividend Comparison
MDA.TO has not paid dividends to shareholders, while PAAS.TO's dividend yield for the trailing twelve months is around 1.30%.
| 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% |
PAAS.TO Pan American Silver Corp. | 1.30% | 0.91% | 1.89% | 2.51% | 2.63% | 1.08% | 0.67% | 0.60% | 0.91% | 0.67% | 0.33% | 3.86% |
Financials
MDA.TO vs. PAAS.TO - Financials Comparison
This section allows you to compare key financial metrics between MDA Space Ltd. and Pan American Silver Corp.. 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. PAAS.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%.
PAAS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a gross profit of 608.00M and revenue of 1.15B. Therefore, the gross margin over that period was 52.7%.
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%.
PAAS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported an operating income of 560.00M and revenue of 1.15B, resulting in an operating margin of 48.5%.
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%.
PAAS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan American Silver Corp. reported a net income of 457.00M and revenue of 1.15B, resulting in a net margin of 39.6%.
Frequently Asked Questions
MDA.TO and PAAS.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for MDA.TO and PAAS.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer