CECO vs. SPHQ
CECO (CECO Environmental Corp.) is a stock, while SPHQ (Invesco S&P 500 Quality ETF) is Quality Factor fund tracking the S&P 500 Quality Index. Over the past 10 years, CECO returned 22.48%/yr vs 14.60%/yr for SPHQ. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
CECO vs. SPHQ - Performance Comparison
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Returns By Period
In the year-to-date period, CECO achieves a 10.09% return, which is significantly lower than SPHQ's 13.51% return. Over the past 10 years, CECO has outperformed SPHQ with an annualized return of 22.48%, while SPHQ has yielded a comparatively lower 14.60% annualized return.
CECO
- 1D
- 0.53%
- 1M
- -19.79%
- 6M
- -2.28%
- YTD
- 10.09%
- 1Y
- 46.00%
- 3Y*
- 76.27%
- 5Y*
- 56.40%
- 10Y*
- 22.48%
- ALL TIME*
- 10.14%
SPHQ
- 1D
- -0.47%
- 1M
- -3.64%
- 6M
- 10.07%
- YTD
- 13.51%
- 1Y
- 21.02%
- 3Y*
- 18.91%
- 5Y*
- 12.73%
- 10Y*
- 14.60%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.05M | $66.56M | $78.21M | |
| $119.48M | $136.23M | $143.26M |
CECO vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CECO CECO Environmental Corp. | 10.09% | 97.98% | 49.06% | 73.63% | 87.48% | -10.49% | -9.14% | 13.48% | 31.58% | -62.30% |
SPHQ Invesco S&P 500 Quality ETF | 13.51% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 17.36% | 33.64% | -7.10% | 19.10% |
Correlation
The correlation between CECO and SPHQ is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2005 | 0.34 |
The correlation between CECO and SPHQ shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CECO vs. SPHQ — Risk / Return Rank
CECO
SPHQ
CECO vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CECO Environmental Corp. (CECO) and Invesco S&P 500 Quality ETF (SPHQ). 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.
| CECO | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.26 | -1.09 |
| Martin ratioReturn relative to average drawdown | 3.56 | 8.07 | -4.51 |
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Drawdowns
CECO vs. SPHQ - Drawdown Comparison
The maximum CECO drawdown since its inception was -90.64%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for CECO and SPHQ.
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Drawdown Indicators
| CECO | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.64% | -57.83% | -32.81% |
Max Drawdown (1Y)Largest decline over 1 year | -39.98% | -8.90% | -31.08% |
Max Drawdown (3Y)Largest decline over 3 years | -47.93% | -16.57% | -31.36% |
Max Drawdown (5Y)Largest decline over 5 years | -47.93% | -25.04% | -22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -74.13% | -31.60% | -42.53% |
Current DrawdownCurrent decline from peak | -33.89% | -6.03% | -27.86% |
Average DrawdownAverage peak-to-trough decline | -46.13% | -10.64% | -35.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.13% | 2.49% | +10.64% |
Volatility
CECO vs. SPHQ - Volatility Comparison
CECO Environmental Corp. (CECO) has a higher volatility of 20.71% compared to Invesco S&P 500 Quality ETF (SPHQ) at 4.84%. This indicates that CECO's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CECO | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.71% | 4.84% | +15.87% |
Volatility (6M)Calculated over the trailing 6-month period | 54.97% | 12.44% | +42.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.15% | 14.53% | +48.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.89% | 16.74% | +36.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.43% | 17.97% | +34.46% |
Dividends
CECO vs. SPHQ - Dividend Comparison
CECO has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CECO CECO Environmental Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.39% | 1.89% | 3.44% |
SPHQ Invesco S&P 500 Quality ETF | 1.10% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Frequently Asked Questions
CECO and SPHQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CECO has higher volatility (20.71%) compared to SPHQ (4.84%). In terms of maximum drawdown, CECO dropped -90.64% vs SPHQ's -57.83%.
SPHQ currently has the higher Sharpe Ratio (1.39 vs 0.74), 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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