CCEF vs. CEFS
Compare and contrast key facts about Calamos CEF Income & Arbitrage ETF (CCEF) and Saba Closed-End Funds ETF (CEFS).
CCEF and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCEF is an actively managed fund by Calamos. It was launched on Jan 16, 2024. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCEF or CEFS.
Correlation
The correlation between CCEF and CEFS is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CCEF vs. CEFS - Performance Comparison
Key characteristics
CCEF:
0.93
CEFS:
1.08
CCEF:
1.24
CEFS:
1.49
CCEF:
1.21
CEFS:
1.23
CCEF:
0.93
CEFS:
1.12
CCEF:
4.65
CEFS:
5.34
CCEF:
2.66%
CEFS:
2.81%
CCEF:
13.26%
CEFS:
13.83%
CCEF:
-13.25%
CEFS:
-38.99%
CCEF:
-8.19%
CEFS:
-8.66%
Returns By Period
In the year-to-date period, CCEF achieves a -3.60% return, which is significantly lower than CEFS's -3.01% return.
CCEF
-3.60%
-6.58%
-5.60%
11.93%
N/A
N/A
CEFS
-3.01%
-6.00%
-2.94%
14.47%
15.29%
N/A
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CCEF vs. CEFS - Expense Ratio Comparison
CCEF has a 2.74% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
CCEF vs. CEFS — Risk-Adjusted Performance Rank
CCEF
CEFS
CCEF vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) 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.
Dividends
CCEF vs. CEFS - Dividend Comparison
CCEF's dividend yield for the trailing twelve months is around 8.46%, less than CEFS's 9.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 8.46% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 9.23% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% |
Drawdowns
CCEF vs. CEFS - Drawdown Comparison
The maximum CCEF drawdown since its inception was -13.25%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for CCEF and CEFS. For additional features, visit the drawdowns tool.
Volatility
CCEF vs. CEFS - Volatility Comparison
Calamos CEF Income & Arbitrage ETF (CCEF) and Saba Closed-End Funds ETF (CEFS) have volatilities of 10.08% and 9.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.