CEFS vs. PEX
Compare and contrast key facts about Saba Closed-End Funds ETF (CEFS) and ProShares Global Listed Private Equity ETF (PEX).
CEFS and PEX 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. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFS or PEX.
Correlation
The correlation between CEFS and PEX is 0.56, 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. PEX - Performance Comparison
Key characteristics
CEFS:
1.14
PEX:
0.24
CEFS:
1.56
PEX:
0.46
CEFS:
1.24
PEX:
1.06
CEFS:
1.19
PEX:
0.23
CEFS:
5.29
PEX:
1.07
CEFS:
3.01%
PEX:
4.00%
CEFS:
13.96%
PEX:
17.55%
CEFS:
-38.99%
PEX:
-49.17%
CEFS:
-6.06%
PEX:
-7.19%
Returns By Period
In the year-to-date period, CEFS achieves a -0.25% return, which is significantly higher than PEX's -1.41% return.
CEFS
-0.25%
-2.83%
-0.02%
15.73%
16.36%
N/A
PEX
-1.41%
-1.94%
1.27%
4.20%
13.37%
6.01%
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CEFS vs. PEX - Expense Ratio Comparison
CEFS has a 3.80% expense ratio, which is higher than PEX's 3.13% expense ratio.
Risk-Adjusted Performance
CEFS vs. PEX — Risk-Adjusted Performance Rank
CEFS
PEX
CEFS vs. PEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Closed-End Funds ETF (CEFS) and ProShares Global Listed Private Equity ETF (PEX). 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. PEX - Dividend Comparison
CEFS's dividend yield for the trailing twelve months is around 8.31%, less than PEX's 14.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 8.31% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% | 0.00% | 0.00% | 0.00% |
PEX ProShares Global Listed Private Equity ETF | 14.46% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% |
Drawdowns
CEFS vs. PEX - Drawdown Comparison
The maximum CEFS drawdown since its inception was -38.99%, smaller than the maximum PEX drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for CEFS and PEX. For additional features, visit the drawdowns tool.
Volatility
CEFS vs. PEX - Volatility Comparison
The current volatility for Saba Closed-End Funds ETF (CEFS) is 10.01%, while ProShares Global Listed Private Equity ETF (PEX) has a volatility of 12.82%. This indicates that CEFS experiences smaller price fluctuations and is considered to be less risky than PEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.