MX.TO vs. MDI.TO
MX.TO (Methanex Corporation) and MDI.TO (Major Drilling Group International Inc.) are both stocks. Both are in the Basic Materials sector — MX.TO in Chemicals, MDI.TO in Other Industrial Metals & Mining. Over the past 10 years, MX.TO returned 9.04%/yr vs 10.02%/yr for MDI.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
MX.TO vs. MDI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MX.TO achieves a 55.62% return, which is significantly higher than MDI.TO's 38.60% return. Over the past 10 years, MX.TO has underperformed MDI.TO with an annualized return of 9.04%, while MDI.TO has yielded a comparatively higher 10.02% annualized return.
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
- 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 vs. MDI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MX.TO Methanex Corporation | 55.62% | -22.72% | 16.57% | 24.40% | 4.02% | -13.73% | 19.94% | -21.02% | -12.07% | 32.46% |
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% |
Correlation
The correlation between MX.TO and MDI.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 MX.TO and MDI.TO shifts across timeframes, from 0.11 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MX.TO:
CA$6.53B
MDI.TO:
CA$1.46B
MX.TO:
-CA$0.61
MDI.TO:
CA$0.17
MX.TO:
1.73
MDI.TO:
1.74
MX.TO:
2.71
MDI.TO:
2.69
MX.TO:
CA$3.66B
MDI.TO:
CA$842.94M
MX.TO:
CA$437.92M
MDI.TO:
CA$125.52M
MX.TO:
CA$818.35M
MDI.TO:
CA$96.14M
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Return for Risk
MX.TO vs. MDI.TO — Risk / Return Rank
MX.TO
MDI.TO
MX.TO vs. MDI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Methanex Corporation (MX.TO) and Major Drilling Group International Inc. (MDI.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.
| MX.TO | MDI.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 | 1.32 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 5.90 | -0.92 |
| Martin ratioReturn relative to average drawdown | 12.39 | 13.58 | -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
| MX.TO | MDI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.67 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.28 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.24 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.14 | +0.08 |
Drawdowns
MX.TO vs. MDI.TO - Drawdown Comparison
The maximum MX.TO drawdown since its inception was -90.63%, roughly equal to the maximum MDI.TO drawdown of -95.14%. Use the drawdown chart below to compare losses from any high point for MX.TO and MDI.TO.
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Drawdown Indicators
| MX.TO | MDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.63% | -95.14% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -18.03% | -20.11% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -51.79% | -35.71% | -16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -51.79% | -48.48% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -86.07% | -72.36% | -13.71% |
Current DrawdownCurrent decline from peak | -7.73% | -6.30% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -35.57% | -57.12% | +21.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.25% | 8.73% | -1.48% |
Volatility
MX.TO vs. MDI.TO - Volatility Comparison
The current volatility for Methanex Corporation (MX.TO) is 10.73%, while Major Drilling Group International Inc. (MDI.TO) has a volatility of 14.16%. This indicates that MX.TO experiences smaller price fluctuations and is considered to be less risky than MDI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MX.TO | MDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.73% | 14.16% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 39.20% | 30.20% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.68% | 44.45% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.12% | 41.86% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.23% | 42.75% | +2.48% |
Dividends
MX.TO vs. MDI.TO - Dividend Comparison
MX.TO's dividend yield for the trailing twelve months is around 1.20%, while MDI.TO has not paid dividends to shareholders.
| 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
MX.TO vs. MDI.TO - Financials Comparison
This section allows you to compare key financial metrics between Methanex Corporation and Major Drilling Group International 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
MX.TO vs. MDI.TO - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
MX.TO and MDI.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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