CET vs. PIT
CET (Central Securities Corp.) is a stock, while PIT (VanEck Commodity Strategy ETF) is Commodities fund actively managed by VanEck. Over the past 3 years, CET returned 19.38%/yr vs 20.29%/yr for PIT. At a 0.09 correlation, their price movements are largely independent.
Performance
CET vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, CET achieves a 5.28% return, which is significantly lower than PIT's 35.60% return.
CET
- 1D
- 0.17%
- 1M
- -0.21%
- 6M
- 2.62%
- YTD
- 5.28%
- 1Y
- 16.71%
- 3Y*
- 19.38%
- 5Y*
- 11.68%
- 10Y*
- 16.38%
PIT
- 1D
- 1.69%
- 1M
- 2.36%
- 6M
- 27.77%
- YTD
- 35.60%
- 1Y
- 48.66%
- 3Y*
- 20.29%
- 5Y*
- —
- 10Y*
- —
CET vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CET Central Securities Corp. | 5.28% | 17.20% | 26.82% | 19.17% | -1.88% |
PIT VanEck Commodity Strategy ETF | 35.60% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between CET and PIT is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | 0.09 |
The correlation between CET and PIT shifts across timeframes, from -0.01 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CET vs. PIT — Risk / Return Rank
CET
PIT
CET vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Securities Corp. (CET) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.84 | -0.77 |
| Martin ratioReturn relative to average drawdown | 7.95 | 9.86 | -1.91 |
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Drawdowns
CET vs. PIT - Drawdown Comparison
The maximum CET drawdown since its inception was -56.69%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for CET and PIT.
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Drawdown Indicators
| CET | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -17.20% | -39.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -17.20% | +9.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -17.20% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.91% | — | — |
Current DrawdownCurrent decline from peak | -1.27% | -8.45% | +7.18% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -4.24% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 4.95% | -2.84% |
Volatility
CET vs. PIT - Volatility Comparison
The current volatility for Central Securities Corp. (CET) is 3.95%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 6.74%. This indicates that CET experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CET | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 6.74% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 19.80% | -10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 22.04% | -10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 17.65% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 17.65% | -1.04% |
Dividends
CET vs. PIT - Dividend Comparison
CET's dividend yield for the trailing twelve months is around 5.20%, less than PIT's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 5.20% | 5.32% | 4.92% | 4.90% | 7.34% | 8.41% | 5.68% | 3.78% | 5.84% | 3.65% | 4.50% | 10.41% |
PIT VanEck Commodity Strategy ETF | 6.57% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CET and PIT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIT has higher volatility (6.74%) compared to CET (3.95%). In terms of maximum drawdown, CET dropped -56.69% vs PIT's -17.20%.
PIT currently has the higher Sharpe Ratio (2.22 vs 1.42), 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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