BOBP vs. CEFS

Last updated Jun 4, 2026

BOBP (CORE16 Best of Breed Premier Index ETF) and CEFS (Saba Closed-End Funds ETF) are both exchange-traded funds - BOBP is a Large Cap Blend Equities fund tracking the CORE16 Best of Breed Premier Index, while CEFS is a Event Driven fund actively managed by Exchange Traded Concepts. BOBP is passively managed, while CEFS is actively managed. Over the past year, BOBP returned 34.52% vs 25.00% for CEFS. A 0.55 correlation means they provide meaningful diversification when combined. BOBP charges 0.70%/yr vs 1.29%/yr for CEFS.

Performance

BOBP vs. CEFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CORE16 Best of Breed Premier Index ETF (BOBP) and Saba Closed-End Funds ETF (CEFS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOBP achieves a 24.96% return, which is significantly higher than CEFS's 13.75% return.

BOBP

• 1D: 0.43%
• 1M: 9.07%
• YTD: 24.96%
• 6M: 24.49%
• 1Y: 34.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEFS

• 1D: -0.51%
• 1M: 4.35%
• YTD: 13.75%
• 6M: 15.64%
• 1Y: 25.00%
• 3Y*: 22.04%
• 5Y*: 13.85%
• 10Y*: —

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

BOBP vs. CEFS - Yearly Performance Comparison

	2026 (YTD)	2025
BOBP CORE16 Best of Breed Premier Index ETF	24.96%	8.50%
CEFS Saba Closed-End Funds ETF	13.75%	12.43%

Correlation

The correlation between BOBP and CEFS is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.55

The correlation between BOBP and CEFS has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.

BOBP vs. CEFS - Sectors Allocation Comparison

Sectors	BOBP	CEFS
Technology	40.7%	12.4%
Industrials	32.0%	6.7%
Basic Materials	10.9%	1.6%
Utilities	4.7%	4.2%
Communication Services	3.9%	4.1%
Energy	3.7%	11.2%
Consumer Defensive	2.8%	1.8%
Consumer Cyclical	1.4%	3.3%
Financial Services	-	48.9%
Healthcare	-	4.6%
Real Estate	-	1.2%

Return for Risk

BOBP vs. CEFS — Risk / Return Rank

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

BOBP

BOBP Risk / Return Rank: 57
BOBP Sharpe Ratio Rank: 56
BOBP Sortino Ratio Rank: 54
BOBP Omega Ratio Rank: 57
BOBP Calmar Ratio Rank: 54
BOBP Martin Ratio Rank: 65

CEFS

CEFS Risk / Return Rank: 80
CEFS Sharpe Ratio Rank: 76
CEFS Sortino Ratio Rank: 81
CEFS Omega Ratio Rank: 78
CEFS Calmar Ratio Rank: 82
CEFS Martin Ratio Rank: 83

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.

BOBP vs. CEFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CORE16 Best of Breed Premier Index ETF (BOBP) 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.

	BOBP	CEFS	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.53	-0.65
Sortino ratio: Return per unit of downside risk	2.58	3.71	-1.13
Omega ratio: Gain probability vs. loss probability	1.34	1.48	-0.13
Calmar ratio: Return relative to maximum drawdown	2.65	4.43	-1.77
Martin ratio: Return relative to average drawdown	11.75	17.26	-5.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOBP vs. CEFS - Sharpe Ratio Comparison

The current BOBP Sharpe Ratio is 1.88, which is comparable to the CEFS Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of BOBP and CEFS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOBP	CEFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.53	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	0.79	+1.10

Drawdowns

BOBP vs. CEFS - Drawdown Comparison

The maximum BOBP drawdown since its inception was -13.06%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for BOBP and CEFS.

Drawdown Indicators

	BOBP	CEFS	Difference
Max Drawdown Largest peak-to-trough decline	-13.06%	-38.99%	+25.93%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	-5.67%	-7.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-1.63%	-3.67%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.45%	+1.50%

Volatility

BOBP vs. CEFS - Volatility Comparison

CORE16 Best of Breed Premier Index ETF (BOBP) has a higher volatility of 7.11% compared to Saba Closed-End Funds ETF (CEFS) at 3.37%. This indicates that BOBP's price experiences larger fluctuations and is considered to be riskier than CEFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOBP	CEFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	3.37%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	8.56%	+7.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	9.95%	+8.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.27%	13.08%	+5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	15.33%	+2.94%

BOBP vs. CEFS - Expense Ratio Comparison

BOBP has a 0.70% expense ratio, which is lower than CEFS's 1.29% expense ratio.

Dividends

BOBP vs. CEFS - Dividend Comparison

BOBP's dividend yield for the trailing twelve months is around 2.65%, less than CEFS's 7.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOBP CORE16 Best of Breed Premier Index ETF	2.65%	3.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEFS Saba Closed-End Funds ETF	7.10%	7.84%	8.79%	9.20%	11.32%	10.73%	8.61%	8.10%	10.43%	5.02%

Frequently Asked Questions

Can I hold both BOBP and CEFS in my portfolio?

BOBP and CEFS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOBP or CEFS?

BOBP has higher volatility (7.11%) compared to CEFS (3.37%). In terms of maximum drawdown, BOBP dropped -13.06% vs CEFS's -38.99%.

Which ETF is better, BOBP or CEFS?

On 1-year performance, BOBP leads with 34.52% vs 25.00% for CEFS. On fees, BOBP is cheaper at 0.70% per year. On volatility, CEFS has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOBP or CEFS?

Over the 1-year period, BOBP has performed better with a 34.52% return vs 25.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOBP or CEFS?

BOBP is cheaper with a 0.70% expense ratio, compared with 1.29% for CEFS.

Which ETF pays a higher dividend yield, BOBP or CEFS?

CEFS has the higher dividend yield at 7.10%, compared with 2.65% for BOBP.

What is the main difference between BOBP and CEFS?

BOBP is categorized as Large Cap Blend Equities, while CEFS is Event Driven. Their fees differ too: 0.70% for BOBP and 1.29% for CEFS.

Which has better risk-adjusted returns?

CEFS currently has the higher Sharpe Ratio (2.53 vs 1.88), 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.