CET vs FPEI

Comparison between Central Securities Corp (CET, ETF) and FIRST TRUST INSTITUTIONAL PREFERRED SECURITIES AND INCOME ETF (FPEI, ETF).

5-Year PerformanceCET has outperformed FPEI, delivering a return of +11.8% compared to +4.3%

CET vs FPEI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CET(ETF)	FPEI(ETF)
Net Assets	$1.90B	$1.90B
Expense Ratio	N/A	0.85%
Max Drawdown	73.29%	27.77%
Sharpe Ratio	1.20	1.14
5Y Beta	0.65	0.15
5Y Dividends CAGR	7.95%	3.10%

Net Assets

CET

$1.90B

FPEI

$1.90B

Expense Ratio

CET

N/A

FPEI

0.85%

Max Drawdown

CET

73.29%

Winner

FPEI

27.77%

Sharpe Ratio

Winner

CET

1.20

FPEI

1.14

5Y Beta

CET

0.65

Winner

FPEI

0.15

5Y Dividends CAGR

Winner

CET

7.95%

FPEI

3.10%

CET vs FPEI - Historical Returns

Returns include dividend reinvestment.

Period	CET	FPEI
1 month	-0.31%	+1.06%
3 months	+5.79%	+1.98%
6 months	+5.26%	+2.11%
1 year	+18.07%	+8.10%
5 years(CAGR)	+11.81%	+4.25%
10 years(CAGR)	+16.47%	+5.02%
Max(CAGR)	+10.36%	+5.02%

CET

-0.31%

Winner

FPEI

+1.06%

Winner

CET

+5.79%

FPEI

+1.98%

Winner

CET

+5.26%

FPEI

+2.11%

Winner

CET

+18.07%

FPEI

+8.10%

5Y(CAGR)

Winner

CET

+11.81%

FPEI

+4.25%

10Y(CAGR)

Winner

CET

+16.47%

FPEI

+5.02%

Max(CAGR)

Winner

CET

+10.36%

FPEI

+5.02%

CET vs FPEI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CET	FPEI
2026	+4.37%	+1.75%
2025	+18.04%	+9.64%
2024	+27.16%	+11.19%
2023	+18.42%	+5.88%
2022	-19.07%	-8.28%
2021	+51.39%	+4.74%
2020	+3.77%	+6.95%
2019	+37.54%	+16.30%
2018	-4.99%	-4.22%
2017	+30.57%	+2.22%
2016	+23.34%	N/A
2015	-3.98%	N/A
2014	+10.24%	N/A
2013	+26.91%	N/A
2012	+0.99%	N/A
2011	-2.98%	N/A
2010	+26.25%	N/A
2009	+24.89%	N/A
2008	-37.04%	N/A
2007	+10.42%	N/A
2006	+20.89%	N/A
2005	+14.55%	N/A
2004	+16.40%	N/A
2003	+34.25%	N/A
2002	-30.41%	N/A
2001	-1.71%	N/A
2000	+16.42%	N/A
1999	+12.25%	N/A

CET vs FPEI Drawdown Comparison

The maximum drawdown for CET was -56.58%, occurring on Mar 9, 2009. Recovery took 663 trading sessions.

The maximum drawdown for FPEI was -27.51%, occurring on Mar 23, 2020. Recovery took 184 trading sessions.

The current CET drawdown is -2.08%. The current FPEI drawdown is -0.03%.

Rank	CET	FPEI
#1	-56.58% May 16, 2008 - Jan 3, 2011	-27.51% Feb 18, 2020 - Nov 6, 2020
#2	-50.75% Sep 1, 2000 - Dec 1, 2005	-16.45% Sep 22, 2021 - Mar 20, 2024
#3	-39.91% Jan 16, 2020 - Dec 7, 2020	-6.01% Jan 26, 2018 - Mar 29, 2019
#4	-24.88% Dec 30, 2021 - Mar 7, 2024	-4.26% Feb 28, 2025 - May 13, 2025
#5	-22.78% May 31, 2011 - Jul 15, 2013	-3.62% Feb 20, 2026 - Jun 1, 2026
#6	-18.50% Dec 23, 2014 - Jun 6, 2016	-1.98% Feb 18, 2021 - Apr 13, 2021
#7	-16.78% Aug 29, 2018 - Mar 14, 2019	-1.92% Mar 26, 2024 - May 6, 2024
#8	-15.46% Jul 17, 2007 - May 15, 2008	-1.56% Dec 11, 2024 - Feb 5, 2025
#9	-15.42% Feb 19, 2025 - Jul 2, 2025	-1.21% Sep 30, 2024 - Dec 6, 2024
#10	-14.88% Mar 28, 2000 - Jun 27, 2000	-1.13% Nov 3, 2017 - Dec 29, 2017
#11	-11.45% Jul 23, 2014 - Dec 23, 2014	-0.97% Aug 1, 2024 - Aug 13, 2024
#12	-9.96% Jan 17, 2018 - Jun 8, 2018	-0.92% Oct 28, 2025 - Nov 28, 2025
#13	-8.08% Mar 2, 2026 - Apr 17, 2026	-0.92% Jul 29, 2019 - Aug 22, 2019
#14	-7.69% Jan 27, 2006 - Oct 12, 2006	-0.79% May 19, 2025 - May 29, 2025
#15	-7.56% Jul 20, 2000 - Aug 18, 2000	-0.78% May 2, 2019 - Jun 6, 2019

Correlation

Correlation between CET and FPEI is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (1999 - 2026)

CET vs FPEI dividend yield comparison.

Year	CET	FPEI
2026	0.59%	2.37%
2025	5.32%	5.62%
2024	4.92%	5.55%
2023	4.90%	5.76%
2022	7.34%	5.20%
2021	8.41%	4.46%
2020	5.68%	4.90%
2019	3.78%	5.02%
2018	5.84%	5.81%
2017	3.65%	1.50%
2016	4.50%	0.00%
2015	10.41%	0.00%
2014	7.97%	0.00%
2013	17.03%	0.00%
2012	4.70%	0.00%
2011	4.89%	0.00%
2010	4.10%	0.00%
2009	3.62%	0.00%
2008	17.08%	0.00%
2007	8.94%	0.00%
2006	8.33%	0.00%
2005	8.40%	0.00%
2004	5.78%	0.00%
2003	6.70%	0.00%
2002	7.68%	0.00%
2001	7.11%	0.00%
2000	13.63%	0.00%
1999	8.81%	0.00%