ADX vs. CET
ADX (Adams Diversified Equity Fund, Inc.) is Large Cap Blend Equities fund actively managed by Adams Funds, while CET (Central Securities Corp.) is a stock. Over the past 10 years, ADX returned 18.49%/yr vs 16.70%/yr for CET. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ADX vs. CET - Performance Comparison
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Returns By Period
In the year-to-date period, ADX achieves a 11.55% return, which is significantly higher than CET's 3.83% return. Over the past 10 years, ADX has outperformed CET with an annualized return of 18.49%, while CET has yielded a comparatively lower 16.70% annualized return.
ADX
- 1D
- -1.15%
- 1M
- -0.08%
- YTD
- 11.55%
- 6M
- 13.84%
- 1Y
- 30.85%
- 3Y*
- 27.81%
- 5Y*
- 16.80%
- 10Y*
- 18.49%
CET
- 1D
- -0.57%
- 1M
- -0.94%
- YTD
- 3.83%
- 6M
- 3.52%
- 1Y
- 17.67%
- 3Y*
- 19.88%
- 5Y*
- 11.28%
- 10Y*
- 16.70%
ADX vs. CET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 11.55% | 26.03% | 28.31% | 31.49% | -19.82% | 29.69% | 17.28% | 36.75% | -3.58% | 29.61% |
CET Central Securities Corp. | 3.83% | 17.20% | 26.82% | 19.17% | -19.68% | 49.00% | 4.99% | 38.61% | -4.49% | 30.61% |
Correlation
The correlation between ADX and CET is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.57 |
The correlation between ADX and CET shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ADX vs. CET — Risk / Return Rank
ADX
CET
ADX vs. CET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Diversified Equity Fund, Inc. (ADX) and Central Securities Corp. (CET). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADX | CET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.20 | +0.85 |
| Martin ratioReturn relative to average drawdown | 15.50 | 8.78 | +6.72 |
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Drawdowns
ADX vs. CET - Drawdown Comparison
The maximum ADX drawdown since its inception was -71.60%, which is greater than CET's maximum drawdown of -56.69%. Use the drawdown chart below to compare losses from any high point for ADX and CET.
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Drawdown Indicators
| ADX | CET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.60% | -56.69% | -14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -8.08% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -15.42% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | -24.89% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.17% | -39.91% | +2.74% |
Current DrawdownCurrent decline from peak | -2.42% | -2.62% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -22.11% | -10.15% | -11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.02% | -0.02% |
Volatility
ADX vs. CET - Volatility Comparison
Adams Diversified Equity Fund, Inc. (ADX) has a higher volatility of 4.82% compared to Central Securities Corp. (CET) at 4.11%. This indicates that ADX's price experiences larger fluctuations and is considered to be riskier than CET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADX | CET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.11% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 9.23% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 11.66% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 14.58% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 16.66% | +1.41% |
Dividends
ADX vs. CET - Dividend Comparison
ADX's dividend yield for the trailing twelve months is around 7.48%, more than CET's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADX Adams Diversified Equity Fund, Inc. | 7.48% | 7.93% | 12.38% | 7.34% | 7.36% | 15.35% | 6.54% | 9.00% | 15.85% | 9.18% | 7.79% | 7.17% |
CET Central Securities Corp. | 5.27% | 5.32% | 4.92% | 4.90% | 7.34% | 8.41% | 5.68% | 3.78% | 5.84% | 3.65% | 4.50% | 10.41% |
Frequently Asked Questions
ADX and CET have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADX has higher volatility (4.82%) compared to CET (4.11%). In terms of maximum drawdown, ADX dropped -71.60% vs CET's -56.69%.
ADX currently has the higher Sharpe Ratio (2.15 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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