XEQT.TO vs. MDA.TO
XEQT.TO (iShares Core Equity ETF Portfolio) is Global Equities fund actively managed by iShares, while MDA.TO (MDA Space Ltd.) is a stock. Over the past 5 years, XEQT.TO returned 13.69%/yr vs 28.31%/yr for MDA.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
XEQT.TO vs. MDA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEQT.TO achieves a 12.26% return, which is significantly lower than MDA.TO's 95.80% return.
XEQT.TO
- 1D
- 0.63%
- 1M
- 2.10%
- YTD
- 12.26%
- 6M
- 12.73%
- 1Y
- 30.96%
- 3Y*
- 21.81%
- 5Y*
- 13.69%
- 10Y*
- —
MDA.TO
- 1D
- -8.57%
- 1M
- -3.03%
- YTD
- 95.80%
- 6M
- 106.00%
- 1Y
- 76.45%
- 3Y*
- 83.01%
- 5Y*
- 28.31%
- 10Y*
- —
XEQT.TO vs. MDA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 12.26% | 20.57% | 24.38% | 17.27% | -10.99% | 10.74% |
MDA.TO MDA Space Ltd. | 95.80% | -9.79% | 156.34% | 80.00% | -32.63% | -32.81% |
Correlation
The correlation between XEQT.TO and MDA.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.35 |
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Return for Risk
XEQT.TO vs. MDA.TO — Risk / Return Rank
XEQT.TO
MDA.TO
XEQT.TO vs. MDA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) 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.
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.
| XEQT.TO | MDA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 1.43 | +2.15 |
| Martin ratioReturn relative to average drawdown | 15.41 | 3.07 | +12.34 |
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Drawdowns
XEQT.TO vs. MDA.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum MDA.TO drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and MDA.TO.
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Drawdown Indicators
| XEQT.TO | MDA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -68.33% | +38.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -53.77% | +45.52% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -53.77% | +38.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -65.68% | +46.13% |
Current DrawdownCurrent decline from peak | -0.84% | -22.30% | +21.46% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -30.65% | +26.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 25.08% | -23.16% |
Volatility
XEQT.TO vs. MDA.TO - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 5.02%, while MDA Space Ltd. (MDA.TO) has a volatility of 21.96%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than MDA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEQT.TO | MDA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 21.96% | -16.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 45.64% | -35.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 65.12% | -52.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 49.43% | -36.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 49.45% | -33.87% |
Dividends
XEQT.TO vs. MDA.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, while MDA.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MDA.TO MDA Space Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
Frequently Asked Questions
XEQT.TO and MDA.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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