CET vs. SPY
Compare and contrast key facts about Central Securities Corp. (CET) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CET or SPY.
Key characteristics
| CET | SPY | |
|---|---|---|
| YTD Return | 30.49% | 26.77% |
| 1Y Return | 40.18% | 37.43% |
| 3Y Return (Ann) | 10.59% | 10.15% |
| 5Y Return (Ann) | 14.36% | 15.86% |
| 10Y Return (Ann) | 13.18% | 13.33% |
| Sharpe Ratio | 3.93 | 3.06 |
| Sortino Ratio | 5.44 | 4.08 |
| Omega Ratio | 1.71 | 1.58 |
| Calmar Ratio | 4.17 | 4.44 |
| Martin Ratio | 28.46 | 20.11 |
| Ulcer Index | 1.41% | 1.85% |
| Daily Std Dev | 10.23% | 12.18% |
| Max Drawdown | -56.66% | -55.19% |
| Current Drawdown | -0.18% | -0.31% |
Correlation
The correlation between CET and SPY is 0.58, 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.
Performance
CET vs. SPY - Performance Comparison
In the year-to-date period, CET achieves a 30.49% return, which is significantly higher than SPY's 26.77% return. Both investments have delivered pretty close results over the past 10 years, with CET having a 13.18% annualized return and SPY not far ahead at 13.33%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CET vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Securities Corp. (CET) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CET vs. SPY - Dividend Comparison
CET's dividend yield for the trailing twelve months is around 0.52%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 0.52% | 4.90% | 8.83% | 8.41% | 2.60% | 1.72% | 5.84% | 3.65% | 4.50% | 1.52% | 7.97% | 17.03% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CET vs. SPY - Drawdown Comparison
The maximum CET drawdown since its inception was -56.66%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CET and SPY. For additional features, visit the drawdowns tool.
Volatility
CET vs. SPY - Volatility Comparison
Central Securities Corp. (CET) and SPDR S&P 500 ETF (SPY) have volatilities of 3.86% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.