CEFS vs. RNP
CEFS (Saba Closed-End Funds ETF) is Actively Managed fund actively managed by Exchange Traded Concepts, while RNP (Cohen & Steers REIT and Preferred Income Fund, Inc.) is a stock. Over the past 5 years, CEFS returned 13.54%/yr vs 3.44%/yr for RNP. Their 0.41 correlation means their historical movements had little consistent relationship.
Performance
CEFS vs. RNP - Performance Comparison
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Returns By Period
In the year-to-date period, CEFS achieves a 12.79% return, which is significantly higher than RNP's 8.12% return.
CEFS
- 1D
- 0.60%
- 1M
- -2.52%
- 6M
- 11.34%
- YTD
- 12.79%
- 1Y
- 21.51%
- 3Y*
- 20.18%
- 5Y*
- 13.54%
- 10Y*
- —
- ALL TIME*
- 11.83%
RNP
- 1D
- 0.29%
- 1M
- -0.02%
- 6M
- 4.60%
- YTD
- 8.12%
- 1Y
- 0.31%
- 3Y*
- 10.41%
- 5Y*
- 3.44%
- 10Y*
- 7.94%
- ALL TIME*
- 8.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.11M | $2.21M | $2.24M | |
| $1.83M | $1.83M | $2.24M |
CEFS vs. RNP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 12.79% | 16.67% | 23.48% | 20.99% | -7.08% | 17.86% | 3.40% | 28.41% | -9.97% | 7.92% |
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 8.12% | 2.57% | 11.88% | 7.73% | -19.95% | 32.84% | 3.31% | 43.14% | -9.46% | 6.72% |
Correlation
The correlation between CEFS and RNP is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.41 |
The correlation between CEFS and RNP shifts across timeframes, from 0.30 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CEFS vs. RNP — Risk / Return Rank
CEFS
RNP
CEFS vs. RNP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Closed-End Funds ETF (CEFS) and Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEFS | RNP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.01 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 0.03 | +3.78 |
| Martin ratioReturn relative to average drawdown | 13.08 | 0.06 | +13.02 |
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Drawdowns
CEFS vs. RNP - Drawdown Comparison
The maximum CEFS drawdown since its inception was -38.99%, smaller than the maximum RNP drawdown of -86.93%. Use the drawdown chart below to compare losses from any high point for CEFS and RNP.
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Drawdown Indicators
| CEFS | RNP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -86.93% | +47.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -11.90% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -13.37% | -18.02% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -36.19% | +19.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.68% | — |
Current DrawdownCurrent decline from peak | -2.52% | -2.96% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -13.06% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 5.33% | -3.68% |
Volatility
CEFS vs. RNP - Volatility Comparison
Saba Closed-End Funds ETF (CEFS) has a higher volatility of 3.26% compared to Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) at 3.04%. This indicates that CEFS's price experiences larger fluctuations and is considered to be riskier than RNP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFS | RNP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.04% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 10.41% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 13.41% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 20.78% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 24.25% | -8.95% |
Dividends
CEFS vs. RNP - Dividend Comparison
CEFS's dividend yield for the trailing twelve months is around 7.24%, less than RNP's 7.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 7.24% | 7.84% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 8.10% | 10.43% | 5.02% | 0.00% | 0.00% |
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. | 7.96% | 8.22% | 7.81% | 8.10% | 13.26% | 5.20% | 6.52% | 6.25% | 8.36% | 7.00% | 7.75% | 8.03% |
Frequently Asked Questions
CEFS and RNP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEFS has higher volatility (3.26%) compared to RNP (3.04%). In terms of maximum drawdown, CEFS dropped -38.99% vs RNP's -86.93%.
CEFS currently has the higher Sharpe Ratio (1.99 vs 0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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