CEFS vs. BIZD
Compare and contrast key facts about Saba Closed-End Funds ETF (CEFS) and VanEck Vectors BDC Income ETF (BIZD).
CEFS and BIZD 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. BIZD is a passively managed fund by VanEck that tracks the performance of the MVIS US Business Development Companies Index. It was launched on Feb 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFS or BIZD.
Correlation
The correlation between CEFS and BIZD is 0.46, 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
CEFS vs. BIZD - Performance Comparison
Key characteristics
CEFS:
2.37
BIZD:
1.32
CEFS:
3.19
BIZD:
1.81
CEFS:
1.41
BIZD:
1.24
CEFS:
4.25
BIZD:
1.65
CEFS:
13.95
BIZD:
6.10
CEFS:
1.81%
BIZD:
2.38%
CEFS:
10.66%
BIZD:
11.01%
CEFS:
-38.99%
BIZD:
-55.47%
CEFS:
-3.85%
BIZD:
-1.30%
Returns By Period
In the year-to-date period, CEFS achieves a 23.19% return, which is significantly higher than BIZD's 13.35% return.
CEFS
23.19%
-0.74%
7.51%
24.50%
11.23%
N/A
BIZD
13.35%
1.46%
3.94%
14.23%
10.59%
9.28%
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CEFS vs. BIZD - Expense Ratio Comparison
CEFS has a 3.80% expense ratio, which is lower than BIZD's 10.92% expense ratio.
Risk-Adjusted Performance
CEFS vs. BIZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Closed-End Funds ETF (CEFS) and VanEck Vectors BDC Income ETF (BIZD). 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
CEFS vs. BIZD - Dividend Comparison
CEFS's dividend yield for the trailing twelve months is around 7.09%, less than BIZD's 11.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 7.09% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% | 0.00% | 0.00% | 0.00% | 0.00% |
BIZD VanEck Vectors BDC Income ETF | 11.02% | 10.97% | 11.22% | 8.14% | 10.39% | 9.13% | 10.88% | 9.13% | 8.51% | 9.12% | 8.51% | 5.45% |
Drawdowns
CEFS vs. BIZD - Drawdown Comparison
The maximum CEFS drawdown since its inception was -38.99%, smaller than the maximum BIZD drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for CEFS and BIZD. For additional features, visit the drawdowns tool.
Volatility
CEFS vs. BIZD - Volatility Comparison
Saba Closed-End Funds ETF (CEFS) and VanEck Vectors BDC Income ETF (BIZD) have volatilities of 2.66% and 2.75%, 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.