SES.TO vs. ANDE

Last updated Jun 4, 2026

SES.TO (Secure Energy Services Inc.) and ANDE (The Andersons, Inc.) are both stocks. SES.TO operates in Waste Management (Industrials), while ANDE operates in Food Distribution (Consumer Defensive). Over the past 10 years, SES.TO returned 12.17%/yr vs 10.30%/yr for ANDE. At a 0.22 correlation, their price movements are largely independent.

Performance

SES.TO vs. ANDE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Secure Energy Services Inc. (SES.TO) and The Andersons, Inc. (ANDE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SES.TO is traded in CAD, while ANDE is traded in USD. To make them comparable, the ANDE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SES.TO achieves a 22.13% return, which is significantly lower than ANDE's 39.79% return. Over the past 10 years, SES.TO has outperformed ANDE with an annualized return of 12.17%, while ANDE has yielded a comparatively lower 10.30% annualized return.

SES.TO

• 1D: 2.84%
• 1M: -4.89%
• YTD: 22.13%
• 6M: 18.84%
• 1Y: 40.36%
• 3Y*: 55.28%
• 5Y*: 37.10%
• 10Y*: 12.17%

ANDE

• 1D: 0.58%
• 1M: -6.36%
• YTD: 39.79%
• 6M: 40.56%
• 1Y: 112.69%
• 3Y*: 24.21%
• 5Y*: 22.34%
• 10Y*: 10.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SES.TO vs. ANDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SES.TO Secure Energy Services Inc.	22.13%	8.77%	77.98%	41.96%	36.20%	115.40%	-48.80%	-24.54%	-17.13%	-23.06%
ANDE The Andersons, Inc.	39.79%	27.68%	-22.69%	63.32%	-1.20%	60.02%	-0.89%	-17.47%	6.21%	-33.52%

Correlation

The correlation between SES.TO and ANDE is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010	0.22

The correlation between SES.TO and ANDE shifts across timeframes, from 0.08 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS SES.TO : CA$0.54 ANDE : $5.02
PE Ratio SES.TO : 39.15 ANDE : 14.53
Total Revenue (TTM) SES.TO : -CA$844.00M ANDE : $10.98B
Gross Profit (TTM) SES.TO : CA$401.00M ANDE : $754.24M
EBITDA (TTM) SES.TO : CA$477.00M ANDE : $272.26M

Return for Risk

SES.TO vs. ANDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SES.TO

SES.TO Risk / Return Rank: 74
SES.TO Sharpe Ratio Rank: 80
SES.TO Sortino Ratio Rank: 74
SES.TO Omega Ratio Rank: 73
SES.TO Calmar Ratio Rank: 72
SES.TO Martin Ratio Rank: 71

ANDE

ANDE Risk / Return Rank: 95
ANDE Sharpe Ratio Rank: 95
ANDE Sortino Ratio Rank: 92
ANDE Omega Ratio Rank: 93
ANDE Calmar Ratio Rank: 96
ANDE Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SES.TO vs. ANDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Secure Energy Services Inc. (SES.TO) and The Andersons, Inc. (ANDE). 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.

	SES.TO	ANDE	Difference
Sharpe ratio Return per unit of total volatility	1.40	3.39	-1.99
Sortino ratio Return per unit of downside risk	1.94	3.68	-1.75
Omega ratio Gain probability vs. loss probability	1.25	1.55	-0.29
Calmar ratio Return relative to maximum drawdown	1.78	8.08	-6.30
Martin ratio Return relative to average drawdown	4.00	26.84	-22.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SES.TO vs. ANDE - Sharpe Ratio Comparison

The current SES.TO Sharpe Ratio is 1.40, which is lower than the ANDE Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of SES.TO and ANDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SES.TO	ANDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	3.39	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.59	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.25	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.30	+0.02

Drawdowns

SES.TO vs. ANDE - Drawdown Comparison

The maximum SES.TO drawdown since its inception was -96.50%, which is greater than ANDE's maximum drawdown of -76.81%. Use the drawdown chart below to compare losses from any high point for SES.TO and ANDE.

Drawdown Indicators

	SES.TO	ANDE	Difference
Max Drawdown Largest peak-to-trough decline	-96.50%	-76.81%	-19.69%
Max Drawdown (1Y) Largest decline over 1 year	-22.77%	-14.03%	-8.74%
Max Drawdown (3Y) Largest decline over 3 years	-26.79%	-46.27%	+19.48%
Max Drawdown (5Y) Largest decline over 5 years	-30.47%	-46.70%	+16.23%
Max Drawdown (10Y) Largest decline over 10 years	-92.31%	-71.69%	-20.62%
Current Drawdown Current decline from peak	-9.95%	-6.36%	-3.59%
Average Drawdown Average peak-to-trough decline	-45.54%	-26.37%	-19.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.12%	4.23%	+5.89%

Volatility

SES.TO vs. ANDE - Volatility Comparison

The current volatility for Secure Energy Services Inc. (SES.TO) is 6.10%, while The Andersons, Inc. (ANDE) has a volatility of 16.62%. This indicates that SES.TO experiences smaller price fluctuations and is considered to be less risky than ANDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SES.TO	ANDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	16.62%	-10.52%
Volatility (6M) Calculated over the trailing 6-month period	19.62%	25.39%	-5.77%
Volatility (1Y) Calculated over the trailing 1-year period	28.97%	33.49%	-4.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.65%	37.92%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.90%	40.55%	+11.35%

Dividends

SES.TO vs. ANDE - Dividend Comparison

SES.TO's dividend yield for the trailing twelve months is around 1.93%, more than ANDE's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANDE The Andersons, Inc.	1.08%	1.47%	1.41%	1.29%	2.07%	1.82%	2.86%	2.71%	2.22%	2.07%	1.40%	1.82%
SES.TO Secure Energy Services Inc.	1.93%	2.32%	2.46%	4.24%	1.76%	0.61%	3.70%	5.45%	3.94%	2.85%	2.05%	2.87%

Financials

SES.TO vs. ANDE - Profitability Comparison

The chart below illustrates the profitability comparison between Secure Energy Services Inc. and The Andersons, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

ANDE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Andersons, Inc. reported a gross profit of 160.58M and revenue of 2.63B. Therefore, the gross margin over that period was 6.1%.

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%.

ANDE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Andersons, Inc. reported an operating income of 15.92M and revenue of 2.63B, resulting in an operating margin of 0.6%.

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%.

ANDE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Andersons, Inc. reported a net income of 33.19M and revenue of 2.63B, resulting in a net margin of 1.3%.

Frequently Asked Questions

Can I hold both SES.TO and ANDE in my portfolio?

SES.TO and ANDE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.