TSAT vs. MRCY
TSAT (Telesat Corporation) and MRCY (Mercury Systems, Inc.) are both stocks. TSAT operates in Communication Equipment (Technology), while MRCY operates in Aerospace & Defense (Industrials). Over the past 3 years, TSAT returned 70.83%/yr vs 47.44%/yr for MRCY. At a 0.27 correlation, their price movements are largely independent.
Performance
TSAT vs. MRCY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TSAT having a 53.16% return and MRCY slightly lower at 53.07%.
TSAT
- 1D
- -2.28%
- 1M
- -16.69%
- YTD
- 53.16%
- 6M
- 49.11%
- 1Y
- 94.63%
- 3Y*
- 70.83%
- 5Y*
- —
- 10Y*
- —
MRCY
- 1D
- -1.89%
- 1M
- 13.40%
- YTD
- 53.07%
- 6M
- 52.03%
- 1Y
- 120.13%
- 3Y*
- 47.44%
- 5Y*
- 11.12%
- 10Y*
- 16.55%
TSAT vs. MRCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSAT Telesat Corporation | 53.16% | 77.01% | 57.62% | 39.07% | -73.84% | -40.03% |
MRCY Mercury Systems, Inc. | 53.07% | 73.83% | 14.85% | -18.26% | -18.74% | 9.25% |
Correlation
The correlation between TSAT and MRCY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.27 |
The correlation between TSAT and MRCY shifts across timeframes, from 0.26 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TSAT:
$667.62M
MRCY:
$6.64B
TSAT:
-CA$12.12
MRCY:
-$0.24
TSAT:
2.49
MRCY:
6.84
TSAT:
1.82
MRCY:
4.49
TSAT:
CA$388.42M
MRCY:
$966.95M
TSAT:
CA$248.83M
MRCY:
$277.35M
TSAT:
CA$171.33M
MRCY:
-$12.94M
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Return for Risk
TSAT vs. MRCY — Risk / Return Rank
TSAT
MRCY
TSAT vs. MRCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telesat Corporation (TSAT) and Mercury Systems, Inc. (MRCY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSAT | MRCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.75 | -0.86 |
| Martin ratioReturn relative to average drawdown | 5.84 | 9.36 | -3.53 |
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Drawdowns
TSAT vs. MRCY - Drawdown Comparison
The maximum TSAT drawdown since its inception was -87.09%, smaller than the maximum MRCY drawdown of -95.95%. Use the drawdown chart below to compare losses from any high point for TSAT and MRCY.
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Drawdown Indicators
| TSAT | MRCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.09% | -95.95% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -32.92% | -32.19% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -67.51% | -35.04% | -32.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.73% | — |
Current DrawdownCurrent decline from peak | -23.82% | -7.10% | -16.72% |
Average DrawdownAverage peak-to-trough decline | -64.40% | -53.71% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.27% | 12.88% | +3.39% |
Volatility
TSAT vs. MRCY - Volatility Comparison
Telesat Corporation (TSAT) has a higher volatility of 36.89% compared to Mercury Systems, Inc. (MRCY) at 19.40%. This indicates that TSAT's price experiences larger fluctuations and is considered to be riskier than MRCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSAT | MRCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.89% | 19.40% | +17.49% |
Volatility (6M)Calculated over the trailing 6-month period | 65.79% | 44.49% | +21.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.05% | 57.12% | +26.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.54% | 46.24% | +32.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.54% | 44.10% | +34.44% |
Dividends
TSAT vs. MRCY - Dividend Comparison
Neither TSAT nor MRCY has paid dividends to shareholders.
Financials
TSAT vs. MRCY - Financials Comparison
This section allows you to compare key financial metrics between Telesat Corporation and Mercury Systems, 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
TSAT vs. MRCY - Profitability Comparison
TSAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported a gross profit of 23.26M and revenue of 87.28M. Therefore, the gross margin over that period was 26.7%.
MRCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a gross profit of 69.05M and revenue of 235.76M. Therefore, the gross margin over that period was 29.3%.
TSAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported an operating income of 3.09M and revenue of 87.28M, resulting in an operating margin of 3.5%.
MRCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported an operating income of 5.23M and revenue of 235.76M, resulting in an operating margin of 2.2%.
TSAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported a net income of -45.61M and revenue of 87.28M, resulting in a net margin of -52.3%.
MRCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercury Systems, Inc. reported a net income of -2.86M and revenue of 235.76M, resulting in a net margin of -1.2%.
Frequently Asked Questions
TSAT and MRCY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSAT has higher volatility (36.89%) compared to MRCY (19.40%). In terms of maximum drawdown, TSAT dropped -87.09% vs MRCY's -95.95%.
MRCY currently has the higher Sharpe Ratio (2.12 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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