SES.TO vs. ARE.TO
SES.TO (Secure Energy Services Inc.) and ARE.TO (Aecon Group Inc.) are both stocks. Both are in the Industrials sector — SES.TO in Waste Management, ARE.TO in Engineering & Construction. Over the past 10 years, SES.TO returned 12.17%/yr vs 38.59%/yr for ARE.TO. At a 0.23 correlation, their price movements are largely independent.
Performance
SES.TO vs. ARE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SES.TO achieves a 22.13% return, which is significantly lower than ARE.TO's 43.18% return. Over the past 10 years, SES.TO has underperformed ARE.TO with an annualized return of 12.17%, while ARE.TO has yielded a comparatively higher 38.59% 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%
ARE.TO
- 1D
- -1.07%
- 1M
- -18.16%
- YTD
- 43.18%
- 6M
- 62.06%
- 1Y
- 138.99%
- 3Y*
- 92.06%
- 5Y*
- 63.75%
- 10Y*
- 38.59%
SES.TO vs. ARE.TO - 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% |
ARE.TO Aecon Group Inc. | 43.18% | 18.93% | 185.08% | 134.25% | -10.60% | 37.60% | 33.22% | 28.75% | -9.02% | 34.60% |
Correlation
The correlation between SES.TO and ARE.TO 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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010 | 0.23 |
The correlation between SES.TO and ARE.TO shifts across timeframes, from 0.08 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SES.TO:
CA$4.62B
ARE.TO:
CA$3.00B
SES.TO:
CA$0.54
ARE.TO:
CA$0.53
SES.TO:
39.15
ARE.TO:
83.75
SES.TO:
0.00
ARE.TO:
1.34
SES.TO:
5.95
ARE.TO:
2.81
SES.TO:
-CA$844.00M
ARE.TO:
CA$5.63B
SES.TO:
CA$401.00M
ARE.TO:
CA$398.23M
SES.TO:
CA$477.00M
ARE.TO:
CA$185.76M
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Return for Risk
SES.TO vs. ARE.TO — Risk / Return Rank
SES.TO
ARE.TO
SES.TO vs. ARE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Secure Energy Services Inc. (SES.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.
| SES.TO | ARE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.54 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 6.52 | -4.74 |
| Martin ratioReturn relative to average drawdown | 4.00 | 19.67 | -15.67 |
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
| SES.TO | ARE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 3.68 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.53 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 1.03 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.08 | +0.23 |
Drawdowns
SES.TO vs. ARE.TO - Drawdown Comparison
The maximum SES.TO drawdown since its inception was -96.50%, roughly equal to the maximum ARE.TO drawdown of -99.67%. Use the drawdown chart below to compare losses from any high point for SES.TO and ARE.TO.
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Drawdown Indicators
| SES.TO | ARE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.50% | -99.67% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -22.77% | -21.58% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -26.79% | -44.21% | +17.42% |
Max Drawdown (5Y)Largest decline over 5 years | -30.47% | -44.21% | +13.74% |
Max Drawdown (10Y)Largest decline over 10 years | -92.31% | -44.21% | -48.10% |
Current DrawdownCurrent decline from peak | -9.95% | -21.58% | +11.63% |
Average DrawdownAverage peak-to-trough decline | -45.54% | -70.46% | +24.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 7.12% | +3.00% |
Volatility
SES.TO vs. ARE.TO - Volatility Comparison
The current volatility for Secure Energy Services Inc. (SES.TO) is 6.10%, while Aecon Group Inc. (ARE.TO) has a volatility of 10.80%. This indicates that SES.TO experiences smaller price fluctuations and is considered to be less risky 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
| SES.TO | ARE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 10.80% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.62% | 25.94% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.97% | 38.19% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.65% | 42.05% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.90% | 37.64% | +14.26% |
Dividends
SES.TO vs. ARE.TO - Dividend Comparison
SES.TO's dividend yield for the trailing twelve months is around 1.93%, more than ARE.TO's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARE.TO Aecon Group Inc. | 1.71% | 2.43% | 21.86% | 43.61% | 59.93% | 30.69% | 29.83% | 26.14% | 2.84% | 2.51% | 3.02% | 2.60% |
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. ARE.TO - Financials Comparison
This section allows you to compare key financial metrics between Secure Energy Services 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
SES.TO vs. ARE.TO - Profitability Comparison
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%.
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%.
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%.
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%.
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%.
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
SES.TO and ARE.TO 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.
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