USA vs. CET
USA (Liberty All-Star Equity Fund) and CET (Central Securities Corporation) are both stocks. Both are in the Financial Services sector — USA in Collective Investments, CET in Asset Management. Over the past 10 years, USA returned 12.11%/yr vs 16.33%/yr for CET. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
USA vs. CET - Performance Comparison
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Returns By Period
In the year-to-date period, USA achieves a 0.57% return, which is significantly lower than CET's 6.01% return. Over the past 10 years, USA has underperformed CET with an annualized return of 12.11%, while CET has yielded a comparatively higher 16.33% annualized return.
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
CET
- 1D
- 1.98%
- 1M
- 1.40%
- 6M
- 3.18%
- YTD
- 6.01%
- 1Y
- 17.64%
- 3Y*
- 18.88%
- 5Y*
- 11.69%
- 10Y*
- 16.33%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.60M | $1.89M | $1.91M | |
| $8.20M | $9.40M | $8.31M |
USA vs. CET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 0.57% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
CET Central Securities Corporation | 6.01% | 17.20% | 26.82% | 19.17% | -19.68% | 49.00% | 4.99% | 38.61% | -4.49% | 30.61% |
Correlation
The correlation between USA and CET is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.51 |
The correlation between USA and CET shifts across timeframes, from 0.51 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
USA:
$1.79B
CET:
$1.58B
USA:
$1.40
CET:
$19.05
USA:
4.14
CET:
2.80
USA:
4.92
CET:
9.66
USA:
0.85
CET:
0.87
USA:
$355.74M
CET:
$160.68M
USA:
$329.90M
CET:
$103.20M
USA:
$305.11M
CET:
$553.54M
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Return for Risk
USA vs. CET — Risk / Return Rank
USA
CET
USA vs. CET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) and Central Securities Corporation (CET). 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.
| USA | CET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 1.99 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.08 | 7.41 | -7.50 |
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Drawdowns
USA vs. CET - Drawdown Comparison
The maximum USA drawdown since its inception was -69.15%, which is greater than CET's maximum drawdown of -56.69%. Use the drawdown chart below to compare losses from any high point for USA and CET.
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Drawdown Indicators
| USA | CET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.15% | -56.69% | -12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -8.08% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -15.42% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -24.89% | -9.16% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -39.91% | -7.16% |
Current DrawdownCurrent decline from peak | -4.83% | -0.58% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -10.13% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 2.16% | +3.00% |
Volatility
USA vs. CET - Volatility Comparison
Liberty All-Star Equity Fund (USA) has a higher volatility of 3.74% compared to Central Securities Corporation (CET) at 3.39%. This indicates that USA's price experiences larger fluctuations and is considered to be riskier than CET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USA | CET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.39% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 9.29% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 12.07% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 14.58% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 16.62% | +5.94% |
Dividends
USA vs. CET - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 11.53%, more than CET's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CET Central Securities Corporation | 5.16% | 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 | 11.53% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
USA vs. CET - Financials Comparison
This section allows you to compare key financial metrics between Liberty All-Star Equity Fund and Central Securities Corporation. 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
USA and CET have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.74%) compared to CET (3.39%). In terms of maximum drawdown, USA dropped -69.15% vs CET's -56.69%.
CET currently has the higher Sharpe Ratio (1.33 vs -0.03), 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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