UCU.V vs. MDA.TO

Last updated Jun 9, 2026

UCU.V (Ucore Rare Metals Inc) and MDA.TO (MDA Space Ltd.) are both stocks. UCU.V operates in Other Industrial Metals & Mining (Basic Materials), while MDA.TO operates in Aerospace & Defense (Industrials). Over the past 5 years, UCU.V returned 34.92%/yr vs 29.55%/yr for MDA.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

UCU.V vs. MDA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ucore Rare Metals Inc (UCU.V) and MDA Space Ltd. (MDA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCU.V achieves a -4.04% return, which is significantly lower than MDA.TO's 102.74% return.

UCU.V

• 1D: -2.24%
• 1M: -2.97%
• YTD: -4.04%
• 6M: -24.20%
• 1Y: 296.21%
• 3Y*: 67.15%
• 5Y*: 34.92%
• 10Y*: 5.28%

MDA.TO

• 1D: 0.93%
• 1M: 14.28%
• YTD: 102.74%
• 6M: 121.26%
• 1Y: 82.47%
• 3Y*: 87.15%
• 5Y*: 29.55%
• 10Y*: —

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

UCU.V vs. MDA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UCU.V Ucore Rare Metals Inc	-4.04%	626.67%	-13.79%	27.94%	-6.85%	-57.31%
MDA.TO MDA Space Ltd.	102.74%	-9.79%	156.34%	80.00%	-32.63%	-32.81%

Correlation

The correlation between UCU.V and MDA.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021	0.11

The correlation between UCU.V and MDA.TO shifts across timeframes, from 0.10 (3 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UCU.V : CA$595.19M MDA.TO : CA$7.17B
EPS UCU.V : -CA$0.40 MDA.TO : CA$0.81
PB Ratio UCU.V : 8.40 MDA.TO : 3.88
Total Revenue (TTM) UCU.V : CA$0.00 MDA.TO : CA$1.75B
Gross Profit (TTM) UCU.V : -CA$1.84M MDA.TO : CA$366.40M
EBITDA (TTM) UCU.V : -CA$31.97M MDA.TO : CA$291.70M

Return for Risk

UCU.V vs. MDA.TO — Risk / Return Rank

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

UCU.V

UCU.V Risk / Return Rank: 89
UCU.V Sharpe Ratio Rank: 92
UCU.V Sortino Ratio Rank: 89
UCU.V Omega Ratio Rank: 85
UCU.V Calmar Ratio Rank: 92
UCU.V Martin Ratio Rank: 85

MDA.TO

MDA.TO Risk / Return Rank: 73
MDA.TO Sharpe Ratio Rank: 79
MDA.TO Sortino Ratio Rank: 73
MDA.TO Omega Ratio Rank: 76
MDA.TO Calmar Ratio Rank: 71
MDA.TO Martin Ratio Rank: 69

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.

UCU.V vs. MDA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ucore Rare Metals Inc (UCU.V) and MDA Space Ltd. (MDA.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.

	UCU.V	MDA.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.30	+1.14
Sortino ratio: Return per unit of downside risk	3.03	1.81	+1.22
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	5.06	1.54	+3.52
Martin ratio: Return relative to average drawdown	8.03	3.32	+4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCU.V vs. MDA.TO - Sharpe Ratio Comparison

The current UCU.V Sharpe Ratio is 2.44, which is higher than the MDA.TO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of UCU.V and MDA.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

	UCU.V	MDA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	1.30	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.60	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.59	-0.58

Drawdowns

UCU.V vs. MDA.TO - Drawdown Comparison

The maximum UCU.V drawdown since its inception was -98.60%, which is greater than MDA.TO's maximum drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for UCU.V and MDA.TO.

Drawdown Indicators

	UCU.V	MDA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.60%	-68.33%	-30.27%
Max Drawdown (1Y) Largest decline over 1 year	-59.01%	-53.77%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-59.01%	-53.77%	-5.24%
Max Drawdown (5Y) Largest decline over 5 years	-65.81%	-65.68%	-0.13%
Max Drawdown (10Y) Largest decline over 10 years	-83.62%	—	—
Current Drawdown Current decline from peak	-60.73%	-19.54%	-41.19%
Average Drawdown Average peak-to-trough decline	-80.87%	-30.71%	-50.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.10%	24.95%	+12.15%

Volatility

UCU.V vs. MDA.TO - Volatility Comparison

Ucore Rare Metals Inc (UCU.V) has a higher volatility of 25.95% compared to MDA Space Ltd. (MDA.TO) at 19.65%. This indicates that UCU.V's price experiences larger fluctuations and is considered to be riskier than MDA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCU.V	MDA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.95%	19.65%	+6.30%
Volatility (6M) Calculated over the trailing 6-month period	69.56%	44.14%	+25.42%
Volatility (1Y) Calculated over the trailing 1-year period	122.63%	64.12%	+58.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.21%	49.14%	+38.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.83%	49.23%	+43.60%

Dividends

UCU.V vs. MDA.TO - Dividend Comparison

Neither UCU.V nor MDA.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UCU.V and MDA.TO in my portfolio?

UCU.V and MDA.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.