CET vs. USA
CET (Central Securities Corp.) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CET returned 16.53%/yr vs 12.16%/yr for USA. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
CET vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, CET achieves a 2.30% return, which is significantly higher than USA's -4.98% return. Over the past 10 years, CET has outperformed USA with an annualized return of 16.53%, while USA has yielded a comparatively lower 12.16% annualized return.
CET
- 1D
- -1.47%
- 1M
- -2.40%
- YTD
- 2.30%
- 6M
- 2.02%
- 1Y
- 15.93%
- 3Y*
- 19.29%
- 5Y*
- 10.82%
- 10Y*
- 16.53%
USA
- 1D
- -1.22%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -4.67%
- 1Y
- -4.39%
- 3Y*
- 7.02%
- 5Y*
- 0.89%
- 10Y*
- 12.16%
CET vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 2.30% | 17.20% | 26.82% | 19.17% | -19.68% | 49.00% | 4.99% | 38.61% | -4.49% | 30.61% |
USA Liberty All-Star Equity Fund | -4.98% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between CET and USA is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.51 |
The correlation between CET and USA shifts across timeframes, from 0.51 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CET:
$1.50B
USA:
$1.70B
CET:
$19.09
USA:
$1.42
CET:
2.70
USA:
3.98
CET:
9.30
USA:
4.74
CET:
0.84
USA:
0.83
CET:
$160.68M
USA:
$355.74M
CET:
$103.20M
USA:
$329.90M
CET:
$553.54M
USA:
$305.11M
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Return for Risk
CET vs. USA — Risk / Return Rank
CET
USA
CET vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Central Securities Corp. (CET) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.29 | +2.27 |
| Martin ratioReturn relative to average drawdown | 7.85 | -0.67 | +8.53 |
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Drawdowns
CET vs. USA - Drawdown Comparison
The maximum CET drawdown since its inception was -56.69%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for CET and USA.
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Drawdown Indicators
| CET | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.69% | -69.15% | +12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.08% | -15.28% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -17.69% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -34.05% | +9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -39.91% | -47.07% | +7.16% |
Current DrawdownCurrent decline from peak | -4.06% | -10.08% | +6.02% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -11.51% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 6.52% | -4.49% |
Volatility
CET vs. USA - Volatility Comparison
The current volatility for Central Securities Corp. (CET) is 4.32%, while Liberty All-Star Equity Fund (USA) has a volatility of 4.56%. This indicates that CET experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CET | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.56% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 10.82% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 13.94% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 20.31% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 22.58% | -5.94% |
Dividends
CET vs. USA - Dividend Comparison
CET's dividend yield for the trailing twelve months is around 5.35%, less than USA's 12.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corp. | 5.35% | 5.32% | 4.92% | 4.90% | 7.34% | 8.41% | 5.68% | 3.78% | 5.84% | 3.65% | 4.50% | 10.41% |
USA Liberty All-Star Equity Fund | 12.04% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
CET vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Central Securities Corp. and Liberty All-Star Equity Fund. 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 USA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (4.56%) compared to CET (4.32%). In terms of maximum drawdown, CET dropped -56.69% vs USA's -69.15%.
CET currently has the higher Sharpe Ratio (1.36 vs -0.32), 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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