CEFD vs. CEFS
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Saba Closed-End Funds ETF (CEFS).
CEFD and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. 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: CEFD or CEFS.
Key characteristics
| CEFD | CEFS | |
|---|---|---|
| YTD Return | 20.83% | 24.55% |
| 1Y Return | 34.26% | 35.60% |
| 3Y Return (Ann) | -2.68% | 11.14% |
| Sharpe Ratio | 2.65 | 3.42 |
| Sortino Ratio | 3.39 | 4.56 |
| Omega Ratio | 1.50 | 1.61 |
| Calmar Ratio | 1.09 | 6.24 |
| Martin Ratio | 15.75 | 21.49 |
| Ulcer Index | 2.17% | 1.72% |
| Daily Std Dev | 12.89% | 10.85% |
| Max Drawdown | -36.95% | -38.99% |
| Current Drawdown | -7.86% | -1.34% |
Correlation
The correlation between CEFD and CEFS is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CEFD vs. CEFS - Performance Comparison
In the year-to-date period, CEFD achieves a 20.83% return, which is significantly lower than CEFS's 24.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CEFD vs. CEFS - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
CEFD vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) 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
CEFD vs. CEFS - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 12.15%, more than CEFS's 7.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 12.15% | 14.76% | 16.57% | 10.31% | 5.37% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 7.90% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% |
Drawdowns
CEFD vs. CEFS - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for CEFD and CEFS. For additional features, visit the drawdowns tool.
Volatility
CEFD vs. CEFS - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a higher volatility of 5.15% compared to Saba Closed-End Funds ETF (CEFS) at 2.86%. This indicates that CEFD'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.