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CET vs. DIA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

CET vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Central Securities Corp. (CET) and SPDR Dow Jones Industrial Average ETF (DIA). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.43%
13.21%
CET
DIA

Returns By Period

In the year-to-date period, CET achieves a 29.62% return, which is significantly higher than DIA's 18.12% return. Over the past 10 years, CET has outperformed DIA with an annualized return of 13.05%, while DIA has yielded a comparatively lower 11.78% annualized return.


CET

YTD

29.62%

1M

4.81%

6M

14.41%

1Y

34.61%

5Y (annualized)

14.66%

10Y (annualized)

13.05%

DIA

YTD

18.12%

1M

2.31%

6M

13.20%

1Y

26.55%

5Y (annualized)

11.62%

10Y (annualized)

11.78%

Key characteristics


CETDIA
Sharpe Ratio3.482.47
Sortino Ratio4.823.50
Omega Ratio1.631.46
Calmar Ratio5.454.49
Martin Ratio24.9714.08
Ulcer Index1.43%1.93%
Daily Std Dev10.23%11.02%
Max Drawdown-56.65%-51.87%
Current Drawdown-0.87%-0.85%

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Correlation

-0.50.00.51.00.6

The correlation between CET and DIA is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

CET vs. DIA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Central Securities Corp. (CET) and SPDR Dow Jones Industrial Average ETF (DIA). 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.


Sharpe ratio
The chart of Sharpe ratio for CET, currently valued at 3.48, compared to the broader market-4.00-2.000.002.004.003.482.47
The chart of Sortino ratio for CET, currently valued at 4.82, compared to the broader market-4.00-2.000.002.004.004.823.50
The chart of Omega ratio for CET, currently valued at 1.63, compared to the broader market0.501.001.502.001.631.46
The chart of Calmar ratio for CET, currently valued at 5.45, compared to the broader market0.002.004.006.005.454.49
The chart of Martin ratio for CET, currently valued at 24.97, compared to the broader market0.0010.0020.0030.0024.9714.08
CET
DIA

The current CET Sharpe Ratio is 3.48, which is higher than the DIA Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of CET and DIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
3.48
2.47
CET
DIA

Dividends

CET vs. DIA - Dividend Comparison

CET's dividend yield for the trailing twelve months is around 4.94%, more than DIA's 1.47% yield.


TTM20232022202120202019201820172016201520142013
CET
Central Securities Corp.
4.94%4.90%8.83%8.41%2.60%1.72%5.84%3.65%4.50%1.52%7.97%17.03%
DIA
SPDR Dow Jones Industrial Average ETF
1.47%1.81%1.91%1.58%1.87%2.09%2.24%1.97%2.26%2.33%2.02%2.08%

Drawdowns

CET vs. DIA - Drawdown Comparison

The maximum CET drawdown since its inception was -56.65%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for CET and DIA. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.87%
-0.85%
CET
DIA

Volatility

CET vs. DIA - Volatility Comparison

The current volatility for Central Securities Corp. (CET) is 4.16%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 4.46%. This indicates that CET experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.16%
4.46%
CET
DIA