ARE.TO vs. SES.TO
ARE.TO (Aecon Group Inc.) and SES.TO (Secure Energy Services Inc.) are both stocks. Both are in the Industrials sector — ARE.TO in Engineering & Construction, SES.TO in Waste Management. Over the past 10 years, ARE.TO returned 39.06%/yr vs 12.03%/yr for SES.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
ARE.TO vs. SES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ARE.TO achieves a 46.36% return, which is significantly higher than SES.TO's 25.21% return. Over the past 10 years, ARE.TO has outperformed SES.TO with an annualized return of 39.06%, while SES.TO has yielded a comparatively lower 12.03% annualized return.
ARE.TO
- 1D
- 2.22%
- 1M
- -19.84%
- YTD
- 46.36%
- 6M
- 54.44%
- 1Y
- 145.71%
- 3Y*
- 91.69%
- 5Y*
- 64.47%
- 10Y*
- 39.06%
SES.TO
- 1D
- 2.53%
- 1M
- -0.42%
- YTD
- 25.21%
- 6M
- 22.60%
- 1Y
- 46.49%
- 3Y*
- 57.00%
- 5Y*
- 37.78%
- 10Y*
- 12.03%
ARE.TO vs. SES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 46.36% | 18.93% | 185.08% | 134.25% | -10.60% | 37.60% | 33.22% | 28.75% | -9.02% | 34.60% |
SES.TO Secure Energy Services Inc. | 25.21% | 8.77% | 77.98% | 41.96% | 36.20% | 115.40% | -48.80% | -24.54% | -17.13% | -23.06% |
Correlation
The correlation between ARE.TO and SES.TO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010 | 0.23 |
The correlation between ARE.TO and SES.TO shifts across timeframes, from 0.07 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ARE.TO:
CA$3.07B
SES.TO:
CA$4.74B
ARE.TO:
CA$0.53
SES.TO:
CA$0.54
ARE.TO:
85.61
SES.TO:
40.13
ARE.TO:
1.37
SES.TO:
0.00
ARE.TO:
2.87
SES.TO:
6.10
ARE.TO:
CA$5.63B
SES.TO:
-CA$844.00M
ARE.TO:
CA$398.23M
SES.TO:
CA$401.00M
ARE.TO:
CA$185.76M
SES.TO:
CA$477.00M
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Return for Risk
ARE.TO vs. SES.TO — Risk / Return Rank
ARE.TO
SES.TO
ARE.TO vs. SES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aecon Group Inc. (ARE.TO) and Secure Energy Services Inc. (SES.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.
| ARE.TO | SES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.29 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 2.10 | +4.88 |
| Martin ratioReturn relative to average drawdown | 20.75 | 4.71 | +16.04 |
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
| ARE.TO | SES.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.95 | 1.65 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.55 | 1.01 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 0.23 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.32 | -0.23 |
Drawdowns
ARE.TO vs. SES.TO - Drawdown Comparison
The maximum ARE.TO drawdown since its inception was -99.67%, roughly equal to the maximum SES.TO drawdown of -96.50%. Use the drawdown chart below to compare losses from any high point for ARE.TO and SES.TO.
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Drawdown Indicators
| ARE.TO | SES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -96.50% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -22.77% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -44.21% | -26.79% | -17.42% |
Max Drawdown (5Y)Largest decline over 5 years | -44.21% | -30.47% | -13.74% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | -92.31% | +48.10% |
Current DrawdownCurrent decline from peak | -19.84% | -7.68% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -70.46% | -45.53% | -24.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 10.13% | -2.90% |
Volatility
ARE.TO vs. SES.TO - Volatility Comparison
Aecon Group Inc. (ARE.TO) has a higher volatility of 11.10% compared to Secure Energy Services Inc. (SES.TO) at 6.44%. This indicates that ARE.TO's price experiences larger fluctuations and is considered to be riskier than SES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARE.TO | SES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 6.44% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 19.55% | +6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.23% | 29.05% | +9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 37.61% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 51.90% | -14.26% |
Dividends
ARE.TO vs. SES.TO - Dividend Comparison
ARE.TO's dividend yield for the trailing twelve months is around 1.67%, less than SES.TO's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 1.67% | 2.43% | 21.86% | 43.61% | 59.93% | 30.69% | 29.83% | 26.14% | 2.84% | 2.51% | 3.02% | 2.60% |
SES.TO Secure Energy Services Inc. | 1.88% | 2.32% | 2.46% | 4.24% | 1.76% | 0.61% | 3.70% | 5.45% | 3.94% | 2.85% | 2.05% | 2.87% |
Financials
ARE.TO vs. SES.TO - Financials Comparison
This section allows you to compare key financial metrics between Aecon Group Inc. and Secure Energy Services 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
ARE.TO vs. SES.TO - Profitability Comparison
ARE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported a gross profit of 100.55M and revenue of 1.26B. Therefore, the gross margin over that period was 8.0%.
SES.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Secure Energy Services Inc. reported a gross profit of 101.00M and revenue of 383.00M. Therefore, the gross margin over that period was 26.4%.
ARE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported an operating income of -6.50M and revenue of 1.26B, resulting in an operating margin of -0.5%.
SES.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Secure Energy Services Inc. reported an operating income of 57.00M and revenue of 383.00M, resulting in an operating margin of 14.9%.
ARE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aecon Group Inc. reported a net income of -17.92M and revenue of 1.26B, resulting in a net margin of -1.4%.
SES.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Secure Energy Services Inc. reported a net income of 35.00M and revenue of 383.00M, resulting in a net margin of 9.1%.
Frequently Asked Questions
ARE.TO and SES.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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