CET vs. HQL
CET (Central Securities Corp.) and HQL (Tekla Life Sciences Investors) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CET returned 16.62%/yr vs 9.66%/yr for HQL. At a 0.40 correlation, their price movements are largely independent.
Performance
CET vs. HQL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CET achieves a 4.87% return, which is significantly lower than HQL's 7.78% return. Over the past 10 years, CET has outperformed HQL with an annualized return of 16.62%, while HQL has yielded a comparatively lower 9.66% annualized return.
CET
- 1D
- 1.30%
- 1M
- 0.83%
- YTD
- 4.87%
- 6M
- 5.08%
- 1Y
- 19.87%
- 3Y*
- 19.61%
- 5Y*
- 11.50%
- 10Y*
- 16.62%
HQL
- 1D
- 0.53%
- 1M
- -3.82%
- YTD
- 7.78%
- 6M
- 5.52%
- 1Y
- 49.53%
- 3Y*
- 21.36%
- 5Y*
- 7.13%
- 10Y*
- 9.66%
CET vs. HQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 4.87% | 17.20% | 26.82% | 19.17% | -19.68% | 49.00% | 4.99% | 38.61% | -4.49% | 30.61% |
HQL Tekla Life Sciences Investors | 7.78% | 45.48% | 11.03% | 4.23% | -19.21% | 5.52% | 23.72% | 25.53% | -16.18% | 25.41% |
Correlation
The correlation between CET and HQL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 4, 1992 | 0.40 |
Fundamentals
CET:
$1.54B
HQL:
$515.42M
CET:
$19.09
HQL:
$6.27
CET:
2.79
HQL:
2.70
CET:
0.03
HQL:
0.07
CET:
9.59
HQL:
6.29
CET:
0.86
HQL:
0.92
CET:
$160.68M
HQL:
$79.82M
CET:
$103.20M
HQL:
$56.06M
CET:
$553.54M
HQL:
$150.93M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CET vs. HQL — Risk / Return Rank
CET
HQL
CET vs. HQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Securities Corp. (CET) and Tekla Life Sciences Investors (HQL). 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.
| CET | HQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 4.71 | -2.48 |
| Martin ratioReturn relative to average drawdown | 8.98 | 15.05 | -6.07 |
Loading charts...
Drawdowns
CET vs. HQL - Drawdown Comparison
The maximum CET drawdown since its inception was -56.69%, smaller than the maximum HQL drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for CET and HQL.
Loading charts...
Drawdown Indicators
| CET | HQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -62.65% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -10.25% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -25.10% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -38.86% | +13.97% |
Max Drawdown (10Y)Largest decline over 10 years | -39.91% | -38.86% | -1.05% |
Current DrawdownCurrent decline from peak | -1.65% | -5.10% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -22.25% | +12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.22% | -1.22% |
Volatility
CET vs. HQL - Volatility Comparison
The current volatility for Central Securities Corp. (CET) is 3.75%, while Tekla Life Sciences Investors (HQL) has a volatility of 6.62%. This indicates that CET experiences smaller price fluctuations and is considered to be less risky than HQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CET | HQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 6.62% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 14.44% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 21.26% | -9.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 20.63% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 22.24% | -5.59% |
Dividends
CET vs. HQL - Dividend Comparison
CET's dividend yield for the trailing twelve months is around 5.08%, less than HQL's 12.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 5.08% | 5.32% | 4.92% | 4.90% | 7.34% | 8.41% | 5.68% | 3.78% | 5.84% | 3.65% | 4.50% | 10.41% |
HQL Tekla Life Sciences Investors | 12.04% | 10.85% | 14.18% | 9.44% | 9.57% | 8.79% | 7.90% | 8.03% | 10.72% | 8.25% | 12.18% | 11.84% |
Financials
CET vs. HQL - Financials Comparison
This section allows you to compare key financial metrics between Central Securities Corp. and Tekla Life Sciences Investors. 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
Frequently Asked Questions
CET and HQL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQL has higher volatility (6.62%) compared to CET (3.75%). In terms of maximum drawdown, CET dropped -56.69% vs HQL's -62.65%.
HQL currently has the higher Sharpe Ratio (2.27 vs 1.55), 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.
Find the right allocation for CET and HQL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer