Correlation
The correlation between EKG and CEFS is 0.70, 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.
EKG vs. CEFS
Compare and contrast key facts about First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and Saba Closed-End Funds ETF (CEFS).
EKG and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EKG is a passively managed fund by First Trust that tracks the performance of the NASDAQ Lux Health Tech Index. It was launched on Mar 22, 2022. CEFS is an actively managed fund by Exchange Traded Concepts. It was launched on Mar 21, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EKG or CEFS.
Performance
EKG vs. CEFS - Performance Comparison
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Key characteristics
EKG:
0.30
CEFS:
1.15
EKG:
0.53
CEFS:
1.41
EKG:
1.07
CEFS:
1.21
EKG:
0.18
CEFS:
1.07
EKG:
0.79
CEFS:
4.48
EKG:
8.00%
CEFS:
3.18%
EKG:
25.88%
CEFS:
13.90%
EKG:
-43.82%
CEFS:
-38.99%
EKG:
-20.82%
CEFS:
-0.78%
Returns By Period
In the year-to-date period, EKG achieves a 0.54% return, which is significantly lower than CEFS's 5.35% return.
EKG
0.54%
8.03%
-5.81%
8.87%
3.21%
N/A
N/A
CEFS
5.35%
3.49%
2.08%
15.34%
15.99%
15.28%
N/A
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EKG vs. CEFS - Expense Ratio Comparison
EKG has a 0.65% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
EKG vs. CEFS — Risk-Adjusted Performance Rank
EKG
CEFS
EKG vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and Saba Closed-End Funds ETF (CEFS). 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.
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Dividends
EKG vs. CEFS - Dividend Comparison
EKG has not paid dividends to shareholders, while CEFS's dividend yield for the trailing twelve months is around 8.62%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|---|
EKG First Trust Nasdaq Lux Digital Health Solutions ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 8.62% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.81% | 6.24% |
Drawdowns
EKG vs. CEFS - Drawdown Comparison
The maximum EKG drawdown since its inception was -43.82%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for EKG and CEFS.
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Volatility
EKG vs. CEFS - Volatility Comparison
First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) has a higher volatility of 7.45% compared to Saba Closed-End Funds ETF (CEFS) at 2.78%. This indicates that EKG's price experiences larger fluctuations and is considered to be riskier than CEFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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