CECO vs. SPY
Compare and contrast key facts about CECO Environmental Corp. (CECO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CECO or SPY.
Correlation
The correlation between CECO and SPY is 0.23, 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. SPY - Performance Comparison
Key characteristics
CECO:
0.09
SPY:
0.54
CECO:
0.67
SPY:
0.90
CECO:
1.08
SPY:
1.13
CECO:
0.22
SPY:
0.57
CECO:
0.54
SPY:
2.24
CECO:
19.40%
SPY:
4.82%
CECO:
50.21%
SPY:
20.02%
CECO:
-90.63%
SPY:
-55.19%
CECO:
-26.11%
SPY:
-7.53%
Returns By Period
In the year-to-date period, CECO achieves a -15.65% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, CECO has underperformed SPY with an annualized return of 8.90%, while SPY has yielded a comparatively higher 12.33% annualized return.
CECO
-15.65%
33.16%
0.83%
4.34%
39.86%
8.90%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
CECO vs. SPY — Risk-Adjusted Performance Rank
CECO
SPY
CECO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CECO Environmental Corp. (CECO) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
CECO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| 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% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CECO vs. SPY - Drawdown Comparison
The maximum CECO drawdown since its inception was -90.63%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CECO and SPY. For additional features, visit the drawdowns tool.
Volatility
CECO vs. SPY - Volatility Comparison
CECO Environmental Corp. (CECO) has a higher volatility of 22.56% compared to SPDR S&P 500 ETF (SPY) at 12.36%. This indicates that CECO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.