MDI.TO vs. MX.TO
MDI.TO (Major Drilling Group International Inc.) and MX.TO (Methanex Corporation) are both stocks. Both are in the Basic Materials sector — MDI.TO in Other Industrial Metals & Mining, MX.TO in Chemicals. Over the past 10 years, MDI.TO returned 10.02%/yr vs 9.04%/yr for MX.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
MDI.TO vs. MX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MDI.TO achieves a 38.60% return, which is significantly lower than MX.TO's 55.62% return. Over the past 10 years, MDI.TO has outperformed MX.TO with an annualized return of 10.02%, while MX.TO has yielded a comparatively lower 9.04% annualized return.
MDI.TO
- 1D
- 1.76%
- 1M
- 10.10%
- YTD
- 38.60%
- 6M
- 28.45%
- 1Y
- 111.85%
- 3Y*
- 24.48%
- 5Y*
- 11.55%
- 10Y*
- 10.02%
MX.TO
- 1D
- -2.89%
- 1M
- -0.82%
- YTD
- 55.62%
- 6M
- 61.50%
- 1Y
- 91.84%
- 3Y*
- 14.22%
- 5Y*
- 15.51%
- 10Y*
- 9.04%
MDI.TO vs. MX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDI.TO Major Drilling Group International Inc. | 38.60% | 57.13% | -10.86% | -12.45% | 27.36% | 7.41% | 35.63% | 23.26% | -34.84% | 0.57% |
MX.TO Methanex Corporation | 55.62% | -22.72% | 16.57% | 24.40% | 4.02% | -13.73% | 19.94% | -21.02% | -12.07% | 32.46% |
Correlation
The correlation between MDI.TO and MX.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 1995 | 0.19 |
The correlation between MDI.TO and MX.TO shifts across timeframes, from 0.11 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MDI.TO:
CA$1.46B
MX.TO:
CA$6.53B
MDI.TO:
CA$0.17
MX.TO:
-CA$0.61
MDI.TO:
1.74
MX.TO:
1.73
MDI.TO:
2.69
MX.TO:
2.71
MDI.TO:
CA$842.94M
MX.TO:
CA$3.66B
MDI.TO:
CA$125.52M
MX.TO:
CA$437.92M
MDI.TO:
CA$96.14M
MX.TO:
CA$818.35M
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Return for Risk
MDI.TO vs. MX.TO — Risk / Return Rank
MDI.TO
MX.TO
MDI.TO vs. MX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Major Drilling Group International Inc. (MDI.TO) and Methanex Corporation (MX.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.
| MDI.TO | MX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.90 | 4.99 | +0.92 |
| Martin ratioReturn relative to average drawdown | 13.58 | 12.39 | +1.19 |
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
| MDI.TO | MX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 1.85 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.37 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.20 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.23 | -0.08 |
Drawdowns
MDI.TO vs. MX.TO - Drawdown Comparison
The maximum MDI.TO drawdown since its inception was -95.14%, roughly equal to the maximum MX.TO drawdown of -90.63%. Use the drawdown chart below to compare losses from any high point for MDI.TO and MX.TO.
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Drawdown Indicators
| MDI.TO | MX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.14% | -90.63% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -20.11% | -18.03% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -35.71% | -51.79% | +16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -48.48% | -51.79% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -72.36% | -86.07% | +13.71% |
Current DrawdownCurrent decline from peak | -6.30% | -7.73% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -57.12% | -35.57% | -21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 7.25% | +1.48% |
Volatility
MDI.TO vs. MX.TO - Volatility Comparison
Major Drilling Group International Inc. (MDI.TO) has a higher volatility of 14.16% compared to Methanex Corporation (MX.TO) at 10.73%. This indicates that MDI.TO's price experiences larger fluctuations and is considered to be riskier than MX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDI.TO | MX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 10.73% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 30.20% | 39.20% | -9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.45% | 48.68% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.86% | 42.12% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 45.23% | -2.48% |
Dividends
MDI.TO vs. MX.TO - Dividend Comparison
MDI.TO has not paid dividends to shareholders, while MX.TO's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDI.TO Major Drilling Group International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.91% |
MX.TO Methanex Corporation | 1.20% | 1.88% | 1.42% | 1.58% | 1.59% | 0.82% | 1.10% | 3.73% | 2.46% | 1.99% | 2.45% | 3.06% |
Financials
MDI.TO vs. MX.TO - Financials Comparison
This section allows you to compare key financial metrics between Major Drilling Group International Inc. and Methanex 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
MDI.TO vs. MX.TO - Profitability Comparison
MDI.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Major Drilling Group International Inc. reported a gross profit of 9.51M and revenue of 184.63M. Therefore, the gross margin over that period was 5.2%.
MX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Methanex Corporation reported a gross profit of 81.99M and revenue of 957.76M. Therefore, the gross margin over that period was 8.6%.
MDI.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Major Drilling Group International Inc. reported an operating income of -10.98M and revenue of 184.63M, resulting in an operating margin of -6.0%.
MX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Methanex Corporation reported an operating income of 81.99M and revenue of 957.76M, resulting in an operating margin of 8.6%.
MDI.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Major Drilling Group International Inc. reported a net income of -10.84M and revenue of 184.63M, resulting in a net margin of -5.9%.
MX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Methanex Corporation reported a net income of -13.40M and revenue of 957.76M, resulting in a net margin of -1.4%.
Frequently Asked Questions
MDI.TO and MX.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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