CECO vs. SPHQ
Compare and contrast key facts about CECO Environmental Corp. (CECO) and Invesco S&P 500® Quality ETF (SPHQ).
SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CECO or SPHQ.
Correlation
The correlation between CECO and SPHQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CECO vs. SPHQ - Performance Comparison
Key characteristics
CECO:
0.09
SPHQ:
0.82
CECO:
0.67
SPHQ:
1.27
CECO:
1.08
SPHQ:
1.18
CECO:
0.22
SPHQ:
0.87
CECO:
0.54
SPHQ:
3.60
CECO:
19.40%
SPHQ:
4.00%
CECO:
50.21%
SPHQ:
17.27%
CECO:
-90.63%
SPHQ:
-57.83%
CECO:
-26.11%
SPHQ:
-5.02%
Returns By Period
In the year-to-date period, CECO achieves a -15.65% return, which is significantly lower than SPHQ's 0.92% return. Over the past 10 years, CECO has underperformed SPHQ with an annualized return of 8.90%, while SPHQ has yielded a comparatively higher 13.01% annualized return.
CECO
-15.65%
33.16%
0.83%
4.34%
39.86%
8.90%
SPHQ
0.92%
13.84%
-0.68%
14.14%
16.47%
13.01%
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Risk-Adjusted Performance
CECO vs. SPHQ — Risk-Adjusted Performance Rank
CECO
SPHQ
CECO vs. SPHQ - Risk-Adjusted Performance 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.
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 1.14%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CECO CECO Environmental Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.39% | 1.89% | 3.44% | 1.48% |
SPHQ Invesco S&P 500® Quality ETF | 1.14% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
CECO vs. SPHQ - Drawdown Comparison
The maximum CECO drawdown since its inception was -90.63%, 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. For additional features, visit the drawdowns tool.
Volatility
CECO vs. SPHQ - Volatility Comparison
CECO Environmental Corp. (CECO) has a higher volatility of 22.56% compared to Invesco S&P 500® Quality ETF (SPHQ) at 9.67%. 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.