FPEI vs CET

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

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

FPEI vs CET - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

FPEI

$1.90B

CET

$1.90B

Expense Ratio

FPEI

0.85%

CET

N/A

Max Drawdown

Winner

FPEI

27.77%

CET

73.29%

Sharpe Ratio

FPEI

1.14

Winner

CET

1.20

5Y Beta

Winner

FPEI

0.15

CET

0.65

5Y Dividends CAGR

FPEI

3.10%

Winner

CET

7.95%

FPEI vs CET - Historical Returns

Returns include dividend reinvestment.

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

Winner

FPEI

+1.06%

CET

-0.31%

FPEI

+1.98%

Winner

CET

+5.79%

FPEI

+2.11%

Winner

CET

+5.26%

FPEI

+8.10%

Winner

CET

+18.07%

5Y(CAGR)

FPEI

+4.25%

Winner

CET

+11.81%

10Y(CAGR)

FPEI

+5.02%

Winner

CET

+16.47%

Max(CAGR)

FPEI

+5.02%

Winner

CET

+10.36%

FPEI vs CET - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

FPEI vs CET Drawdown Comparison

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

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

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

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

Correlation

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

0.97

-101

Dividend Comparison (1999 - 2026)

FPEI vs CET dividend yield comparison.

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