CEFS vs. HYGV
Compare and contrast key facts about Saba Closed-End Funds ETF (CEFS) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
CEFS and HYGV 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. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFS or HYGV.
Key characteristics
| CEFS | HYGV | |
|---|---|---|
| YTD Return | 24.55% | 7.97% |
| 1Y Return | 35.60% | 14.12% |
| 3Y Return (Ann) | 11.14% | 2.46% |
| 5Y Return (Ann) | 12.27% | 4.73% |
| Sharpe Ratio | 3.42 | 3.12 |
| Sortino Ratio | 4.56 | 4.95 |
| Omega Ratio | 1.61 | 1.63 |
| Calmar Ratio | 6.24 | 1.85 |
| Martin Ratio | 21.49 | 23.87 |
| Ulcer Index | 1.72% | 0.59% |
| Daily Std Dev | 10.85% | 4.50% |
| Max Drawdown | -38.99% | -23.47% |
| Current Drawdown | -1.34% | -0.51% |
Correlation
The correlation between CEFS and HYGV is 0.50, 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. HYGV - Performance Comparison
In the year-to-date period, CEFS achieves a 24.55% return, which is significantly higher than HYGV's 7.97% 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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CEFS vs. HYGV - Expense Ratio Comparison
CEFS has a 3.80% expense ratio, which is higher than HYGV's 0.37% expense ratio.
Risk-Adjusted Performance
CEFS vs. HYGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Closed-End Funds ETF (CEFS) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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. HYGV - Dividend Comparison
CEFS's dividend yield for the trailing twelve months is around 7.90%, less than HYGV's 8.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 7.90% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.27% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% |
Drawdowns
CEFS vs. HYGV - Drawdown Comparison
The maximum CEFS drawdown since its inception was -38.99%, which is greater than HYGV's maximum drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for CEFS and HYGV. For additional features, visit the drawdowns tool.
Volatility
CEFS vs. HYGV - Volatility Comparison
Saba Closed-End Funds ETF (CEFS) has a higher volatility of 2.86% compared to FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) at 1.13%. This indicates that CEFS's price experiences larger fluctuations and is considered to be riskier than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.