CET vs. JPST
CET (Central Securities Corporation) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, CET returned 12.15%/yr vs 3.72%/yr for JPST. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
CET vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, CET achieves a 8.07% return, which is significantly higher than JPST's 2.01% return.
CET
- 1D
- 1.95%
- 1M
- 3.38%
- 6M
- 4.97%
- YTD
- 8.07%
- 1Y
- 19.93%
- 3Y*
- 19.84%
- 5Y*
- 12.15%
- 10Y*
- 16.42%
- ALL TIME*
- 11.15%
JPST
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 1.62%
- YTD
- 2.01%
- 1Y
- 3.96%
- 3Y*
- 5.07%
- 5Y*
- 3.72%
- 10Y*
- —
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51M | $1.72M | $1.91M | |
| $283.32M | $279.21M | $317.05M |
CET vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corporation | 8.07% | 17.20% | 26.82% | 19.17% | -19.68% | 49.00% | 4.99% | 38.61% | -4.49% | 15.22% |
JPST JPMorgan Ultra-Short Income ETF | 2.01% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between CET and JPST is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.02 |
The correlation between CET and JPST shifts across timeframes, from 0.02 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CET vs. JPST — Risk / Return Rank
CET
JPST
CET vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Securities Corporation (CET) and JPMorgan Ultra-Short Income ETF (JPST). 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 | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -13.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 3.51 | -2.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 26.75 | -24.27 |
| Martin ratioReturn relative to average drawdown | 9.25 | 126.55 | -117.30 |
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Drawdowns
CET vs. JPST - Drawdown Comparison
The maximum CET drawdown since its inception was -56.69%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for CET and JPST.
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Drawdown Indicators
| CET | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -3.28% | -53.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -0.15% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -0.30% | -15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -0.79% | -24.10% |
Max Drawdown (10Y)Largest decline over 10 years | -39.91% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -0.08% | -10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.03% | +2.13% |
Volatility
CET vs. JPST - Volatility Comparison
Central Securities Corporation (CET) has a higher volatility of 3.83% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that CET's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CET | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 0.14% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 0.39% | +9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 0.52% | +11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 0.58% | +14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 0.93% | +15.70% |
Dividends
CET vs. JPST - Dividend Comparison
CET's dividend yield for the trailing twelve months is around 5.07%, more than JPST's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corporation | 5.07% | 5.32% | 4.92% | 4.90% | 7.34% | 8.41% | 5.68% | 3.78% | 5.84% | 3.65% | 4.50% | 10.41% |
JPST JPMorgan Ultra-Short Income ETF | 4.20% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
Frequently Asked Questions
CET and JPST have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CET has higher volatility (3.83%) compared to JPST (0.14%). In terms of maximum drawdown, CET dropped -56.69% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.71 vs 1.65), 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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