CEFS vs. ASET

Last updated Apr 1, 2026

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

CEFS and ASET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017. 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.

Performance

CEFS vs. ASET - Performance Comparison

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

CEFS vs. ASET - Yearly Performance Comparison

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

Returns By Period

CEFS

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

ASET

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

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

CEFS vs. ASET - Expense Ratio Comparison

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

CEFS

Saba Closed-End Funds ETF

ASET

FlexShares Real Assets Allocation Index Fund

Return for Risk

CEFS vs. ASET — 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.

CEFS vs. ASET - Risk-Adjusted Trends Comparison

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

	CEFS	ASET	Difference
Sharpe ratio Return per unit of total volatility	1.11	—	—
Sortino ratio Return per unit of downside risk	1.54	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.43	—	—
Martin ratio Return relative to average drawdown	6.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CEFS	ASET	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

CEFS vs. ASET - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Drawdowns

CEFS vs. ASET - Drawdown Comparison

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

Drawdown Indicators

	CEFS	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-38.99%	0.00%	-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	-3.75%	0.00%	-3.75%
Average Drawdown Average peak-to-trough decline	-3.73%	0.00%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	CEFS	ASET	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	13.15%	0.00%	+13.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.99%	0.00%	+12.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	0.00%	+15.38%