NEO.TO vs. ARE.TO
NEO.TO (Neo Performance Materials Inc.) and ARE.TO (Aecon Group Inc.) are both stocks. NEO.TO operates in Specialty Chemicals (Basic Materials), while ARE.TO operates in Engineering & Construction (Industrials). Over the past 5 years, NEO.TO returned 16.08%/yr vs 25.59%/yr for ARE.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
NEO.TO vs. ARE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NEO.TO achieves a 106.26% return, which is significantly higher than ARE.TO's 44.52% return.
NEO.TO
- 1D
- 3.43%
- 1M
- 9.90%
- YTD
- 106.26%
- 6M
- 93.76%
- 1Y
- 195.65%
- 3Y*
- 63.99%
- 5Y*
- 16.08%
- 10Y*
- —
ARE.TO
- 1D
- -0.97%
- 1M
- -15.16%
- YTD
- 44.52%
- 6M
- 46.99%
- 1Y
- 139.99%
- 3Y*
- 56.20%
- 5Y*
- 25.59%
- 10Y*
- 14.43%
NEO.TO vs. ARE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEO.TO Neo Performance Materials Inc. | 106.26% | 101.35% | 10.42% | -16.66% | -51.09% | 50.37% | 16.30% | -17.14% | -12.01% | 2.46% |
ARE.TO Aecon Group Inc. | 44.52% | 18.93% | 116.70% | 52.38% | -42.52% | 7.14% | -2.38% | 2.65% | -9.02% | 1.40% |
Correlation
The correlation between NEO.TO and ARE.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2017 | 0.21 |
Fundamentals
NEO.TO:
CA$1.33B
ARE.TO:
CA$3.03B
NEO.TO:
-CA$0.24
ARE.TO:
CA$0.53
NEO.TO:
2.66
ARE.TO:
0.53
NEO.TO:
3.48
ARE.TO:
2.84
NEO.TO:
CA$511.45M
ARE.TO:
CA$5.63B
NEO.TO:
CA$147.42M
ARE.TO:
CA$398.23M
NEO.TO:
CA$61.97M
ARE.TO:
CA$185.76M
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Return for Risk
NEO.TO vs. ARE.TO — Risk / Return Rank
NEO.TO
ARE.TO
NEO.TO vs. ARE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neo Performance Materials Inc. (NEO.TO) and Aecon Group Inc. (ARE.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.
| NEO.TO | ARE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.54 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.00 | 6.52 | -0.53 |
| Martin ratioReturn relative to average drawdown | 12.49 | 18.76 | -6.28 |
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
| NEO.TO | ARE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.09 | 3.70 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.68 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.40 | -0.19 |
Drawdowns
NEO.TO vs. ARE.TO - Drawdown Comparison
The maximum NEO.TO drawdown since its inception was -72.44%, roughly equal to the maximum ARE.TO drawdown of -74.94%. Use the drawdown chart below to compare losses from any high point for NEO.TO and ARE.TO.
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Drawdown Indicators
| NEO.TO | ARE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.44% | -74.94% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -32.83% | -21.58% | -11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -37.56% | -46.94% | +9.38% |
Max Drawdown (5Y)Largest decline over 5 years | -72.44% | -58.59% | -13.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.59% | — |
Current DrawdownCurrent decline from peak | -10.53% | -20.84% | +10.31% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -27.02% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 7.49% | +8.25% |
Volatility
NEO.TO vs. ARE.TO - Volatility Comparison
Neo Performance Materials Inc. (NEO.TO) has a higher volatility of 24.69% compared to Aecon Group Inc. (ARE.TO) at 9.97%. This indicates that NEO.TO's price experiences larger fluctuations and is considered to be riskier than ARE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEO.TO | ARE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.69% | 9.97% | +14.72% |
Volatility (6M)Calculated over the trailing 6-month period | 44.28% | 25.92% | +18.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.94% | 38.17% | +25.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.45% | 37.80% | +15.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.37% | 34.75% | +17.62% |
Dividends
NEO.TO vs. ARE.TO - Dividend Comparison
NEO.TO's dividend yield for the trailing twelve months is around 1.25%, less than ARE.TO's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 1.69% | 2.43% | 2.79% | 5.66% | 8.12% | 4.15% | 3.91% | 3.31% | 2.84% | 2.51% | 2.26% | 2.60% |
NEO.TO Neo Performance Materials Inc. | 1.25% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 3.20% | 2.47% | 0.00% | 0.00% | 0.00% |
Financials
NEO.TO vs. ARE.TO - Financials Comparison
This section allows you to compare key financial metrics between Neo Performance Materials Inc. and Aecon Group 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
NEO.TO vs. ARE.TO - Profitability Comparison
NEO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a gross profit of 47.82M and revenue of 152.42M. Therefore, the gross margin over that period was 31.4%.
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%.
NEO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported an operating income of 26.12M and revenue of 152.42M, resulting in an operating margin of 17.1%.
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%.
NEO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a net income of -1.62M and revenue of 152.42M, resulting in a net margin of -1.1%.
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%.
Frequently Asked Questions
NEO.TO and ARE.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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