SJ.TO vs. X.TO

Last updated Jun 4, 2026

SJ.TO (Stella-Jones Inc.) and X.TO (TMX Group Limited) are both stocks. SJ.TO operates in Lumber & Wood Production (Basic Materials), while X.TO operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, SJ.TO returned 6.49%/yr vs 19.00%/yr for X.TO. At a 0.12 correlation, their price movements are largely independent.

Performance

SJ.TO vs. X.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Stella-Jones Inc. (SJ.TO) and TMX Group Limited (X.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJ.TO achieves a -6.09% return, which is significantly higher than X.TO's -8.39% return. Over the past 10 years, SJ.TO has underperformed X.TO with an annualized return of 6.49%, while X.TO has yielded a comparatively higher 19.00% annualized return.

SJ.TO

• 1D: 2.51%
• 1M: -2.20%
• YTD: -6.09%
• 6M: -6.37%
• 1Y: 5.76%
• 3Y*: 10.57%
• 5Y*: 12.85%
• 10Y*: 6.49%

X.TO

• 1D: -0.86%
• 1M: -14.97%
• YTD: -8.39%
• 6M: -5.66%
• 1Y: -13.58%
• 3Y*: 19.59%
• 5Y*: 14.84%
• 10Y*: 19.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SJ.TO vs. X.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SJ.TO Stella-Jones Inc.	-6.09%	21.52%	-6.39%	61.32%	23.74%	-12.15%	25.31%	-3.99%	-20.71%	17.02%
X.TO TMX Group Limited	-8.39%	19.95%	41.58%	21.62%	8.39%	3.21%	15.50%	63.10%	3.22%	1.31%

Correlation

The correlation between SJ.TO and X.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 7, 2002	0.12

The correlation between SJ.TO and X.TO shifts across timeframes, from 0.03 (1 year) to 0.18 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SJ.TO : CA$4.34B X.TO : CA$13.23B
EPS SJ.TO : CA$5.52 X.TO : CA$9.15
PE Ratio SJ.TO : 14.38 X.TO : 5.18
PEG Ratio SJ.TO : 0.90 X.TO : 0.43
PS Ratio SJ.TO : 1.25 X.TO : 1.33
PB Ratio SJ.TO : 2.07 X.TO : 0.27
Total Revenue (TTM) SJ.TO : CA$3.51B X.TO : CA$9.91B
Gross Profit (TTM) SJ.TO : CA$678.00M X.TO : CA$4.54B
EBITDA (TTM) SJ.TO : CA$617.00M X.TO : CA$4.93B

Return for Risk

SJ.TO vs. X.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SJ.TO

SJ.TO Risk / Return Rank: 45
SJ.TO Sharpe Ratio Rank: 49
SJ.TO Sortino Ratio Rank: 41
SJ.TO Omega Ratio Rank: 40
SJ.TO Calmar Ratio Rank: 45
SJ.TO Martin Ratio Rank: 48

X.TO

X.TO Risk / Return Rank: 15
X.TO Sharpe Ratio Rank: 15
X.TO Sortino Ratio Rank: 16
X.TO Omega Ratio Rank: 16
X.TO Calmar Ratio Rank: 19
X.TO Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SJ.TO vs. X.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stella-Jones Inc. (SJ.TO) and TMX Group Limited (X.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.

	SJ.TO	X.TO	Difference
Sharpe ratio Return per unit of total volatility	0.22	-0.59	+0.81
Sortino ratio Return per unit of downside risk	0.49	-0.68	+1.17
Omega ratio Gain probability vs. loss probability	1.06	0.91	+0.15
Calmar ratio Return relative to maximum drawdown	0.20	-0.60	+0.80
Martin ratio Return relative to average drawdown	0.64	-1.30	+1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJ.TO vs. X.TO - Sharpe Ratio Comparison

The current SJ.TO Sharpe Ratio is 0.22, which is higher than the X.TO Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of SJ.TO and X.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SJ.TO	X.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	-0.59	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.79	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.94	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	0.74	-1.26

Drawdowns

SJ.TO vs. X.TO - Drawdown Comparison

The maximum SJ.TO drawdown since its inception was -100.00%, which is greater than X.TO's maximum drawdown of -59.39%. Use the drawdown chart below to compare losses from any high point for SJ.TO and X.TO.

Drawdown Indicators

	SJ.TO	X.TO	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-59.39%	-40.61%
Max Drawdown (1Y) Largest decline over 1 year	-28.60%	-22.81%	-5.79%
Max Drawdown (3Y) Largest decline over 3 years	-33.67%	-22.81%	-10.86%
Max Drawdown (5Y) Largest decline over 5 years	-33.67%	-22.81%	-10.86%
Max Drawdown (10Y) Largest decline over 10 years	-53.13%	-28.93%	-24.20%
Current Drawdown Current decline from peak	-99.95%	-16.80%	-83.15%
Average Drawdown Average peak-to-trough decline	-97.44%	-11.37%	-86.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.07%	10.46%	-1.39%

Volatility

SJ.TO vs. X.TO - Volatility Comparison

Stella-Jones Inc. (SJ.TO) has a higher volatility of 12.05% compared to TMX Group Limited (X.TO) at 8.24%. This indicates that SJ.TO's price experiences larger fluctuations and is considered to be riskier than X.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJ.TO	X.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	8.24%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	20.34%	18.10%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	26.25%	23.16%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.16%	18.90%	+8.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.00%	20.33%	+5.67%

Dividends

SJ.TO vs. X.TO - Dividend Comparison

SJ.TO's dividend yield for the trailing twelve months is around 1.64%, less than X.TO's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SJ.TO Stella-Jones Inc.	1.64%	1.46%	1.57%	1.19%	1.65%	1.80%	1.30%	1.49%	1.21%	0.87%	0.92%	0.61%
X.TO TMX Group Limited	1.94%	1.70%	2.15%	2.52%	2.45%	2.35%	2.14%	2.24%	3.17%	2.77%	2.31%	4.47%

Financials

SJ.TO vs. X.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Stella-Jones Inc. and TMX Group Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SJ.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stella-Jones Inc. reported a gross profit of 150.00M and revenue of 791.00M. Therefore, the gross margin over that period was 19.0%.

X.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported a gross profit of 3.58B and revenue of 7.41B. Therefore, the gross margin over that period was 48.3%.

SJ.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stella-Jones Inc. reported an operating income of 93.00M and revenue of 791.00M, resulting in an operating margin of 11.8%.

X.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported an operating income of 2.39B and revenue of 7.41B, resulting in an operating margin of 32.2%.

SJ.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stella-Jones Inc. reported a net income of 60.00M and revenue of 791.00M, resulting in a net margin of 7.6%.

X.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TMX Group Limited reported a net income of 2.25B and revenue of 7.41B, resulting in a net margin of 30.3%.

Frequently Asked Questions

Can I hold both SJ.TO and X.TO in my portfolio?

SJ.TO and X.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.