CEFS vs. FOF
Compare and contrast key facts about Saba Closed-End Funds ETF (CEFS) and Cohen & Steers Closed-End Opportunity Fund (FOF).
CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017. FOF is an actively managed fund by Cohen & Steers. It was launched on Nov 24, 2006.
Performance
CEFS vs. FOF - Performance Comparison
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CEFS vs. FOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | -0.33% | 16.67% | 23.48% | 20.99% | -7.08% | 17.86% | 3.40% | 28.41% | -9.97% | 7.63% |
FOF Cohen & Steers Closed-End Opportunity Fund | -0.96% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 7.91% |
Returns By Period
In the year-to-date period, CEFS achieves a -0.33% return, which is significantly higher than FOF's -0.96% return.
CEFS
- 1D
- 2.04%
- 1M
- -2.99%
- YTD
- -0.33%
- 6M
- 3.31%
- 1Y
- 14.56%
- 3Y*
- 17.06%
- 5Y*
- 11.58%
- 10Y*
- —
FOF
- 1D
- 1.83%
- 1M
- -10.52%
- YTD
- -0.96%
- 6M
- 2.28%
- 1Y
- 15.30%
- 3Y*
- 14.99%
- 5Y*
- 8.04%
- 10Y*
- 10.65%
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CEFS vs. FOF - Expense Ratio Comparison
CEFS has a 3.80% expense ratio, which is higher than FOF's 0.95% expense ratio.
Return for Risk
CEFS vs. FOF — Risk / Return Rank
CEFS
FOF
CEFS vs. FOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Closed-End Funds ETF (CEFS) and Cohen & Steers Closed-End Opportunity Fund (FOF). 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 | FOF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.83 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.27 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.98 | +0.45 |
Martin ratioReturn relative to average drawdown | 6.94 | 3.97 | +2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEFS | FOF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.83 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.45 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.31 | +0.39 |
Correlation
The correlation between CEFS and FOF is 0.44, 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.
Dividends
CEFS vs. FOF - Dividend Comparison
CEFS's dividend yield for the trailing twelve months is around 8.01%, less than FOF's 8.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FOF Cohen & Steers Closed-End Opportunity Fund | 8.14% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
Drawdowns
CEFS vs. FOF - Drawdown Comparison
The maximum CEFS drawdown since its inception was -38.99%, smaller than the maximum FOF drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for CEFS and FOF.
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Drawdown Indicators
| CEFS | FOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -59.38% | +20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -15.07% | +5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -29.96% | +13.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.74% | — |
Current DrawdownCurrent decline from peak | -3.75% | -13.52% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -9.37% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.73% | -1.71% |
Volatility
CEFS vs. FOF - Volatility Comparison
The current volatility for Saba Closed-End Funds ETF (CEFS) is 4.75%, while Cohen & Steers Closed-End Opportunity Fund (FOF) has a volatility of 6.09%. This indicates that CEFS experiences smaller price fluctuations and is considered to be less risky than FOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFS | FOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 6.09% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 11.03% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 18.57% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 17.99% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 20.25% | -4.87% |