ASET vs. CEFS

Last updated Apr 1, 2026

Compare and contrast key facts about FlexShares Real Assets Allocation Index Fund (ASET) and Saba Closed-End Funds ETF (CEFS).

ASET and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017.

Performance

ASET vs. CEFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and Saba Closed-End Funds ETF (CEFS). The values are adjusted to include any dividend payments, if applicable.

ASET vs. CEFS - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
CEFS Saba Closed-End Funds ETF	-1.65%

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEFS

• 1D: 2.04%
• 1M: -2.99%
• YTD: -0.33%
• 6M: 3.31%
• 1Y: 14.56%
• 3Y*: 17.06%
• 5Y*: 11.58%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASET vs. CEFS - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is lower than CEFS's 3.80% expense ratio.

CEFS

Saba Closed-End Funds ETF

ASET

FlexShares Real Assets Allocation Index Fund

Return for Risk

ASET vs. CEFS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEFS

CEFS Risk / Return Rank: 66
CEFS Sharpe Ratio Rank: 66
CEFS Sortino Ratio Rank: 63
CEFS Omega Ratio Rank: 70
CEFS Calmar Ratio Rank: 61
CEFS Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASET vs. CEFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) and Saba Closed-End Funds ETF (CEFS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASET	CEFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.70	—

Dividends

ASET vs. CEFS - Dividend Comparison

ASET has not paid dividends to shareholders, while CEFS's dividend yield for the trailing twelve months is around 8.01%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEFS Saba Closed-End Funds ETF	8.01%	7.84%	8.79%	9.20%	11.32%	10.73%	8.61%	8.10%	10.43%	5.02%

Drawdowns

ASET vs. CEFS - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for ASET and CEFS.

Drawdown Indicators

	ASET	CEFS	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-38.99%	+38.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Current Drawdown Current decline from peak	0.00%	-3.75%	+3.75%
Average Drawdown Average peak-to-trough decline	0.00%	-3.73%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	ASET	CEFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.15%	-13.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	12.99%	-12.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	15.38%	-15.38%