EMQQ vs. CEFS
EMQQ (EMQQ The Emerging Markets Internet ETF) and CEFS (Saba Closed-End Funds ETF) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while CEFS is a Actively Managed fund actively managed by Exchange Traded Concepts. EMQQ is passively managed, while CEFS is actively managed. Over the past 5 years, EMQQ returned -6.86%/yr vs 13.54%/yr for CEFS. Their 0.40 correlation means their historical movements had little consistent relationship. EMQQ charges 0.86%/yr vs 2.61%/yr for CEFS.
Performance
EMQQ vs. CEFS - Performance Comparison
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Returns By Period
In the year-to-date period, EMQQ achieves a -13.58% return, which is significantly lower than CEFS's 12.79% return.
EMQQ
- 1D
- 1.45%
- 1M
- 9.20%
- 6M
- -12.37%
- YTD
- -13.58%
- 1Y
- -10.75%
- 3Y*
- 4.26%
- 5Y*
- -6.86%
- 10Y*
- 4.66%
- ALL TIME*
- 3.19%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.11M | $2.21M | $2.24M | |
| $1.08M | $1.14M | $1.73M |
EMQQ vs. CEFS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMQQ EMQQ The Emerging Markets Internet ETF | -13.58% | 20.66% | 13.79% | 4.48% | -30.70% | -32.53% | 80.45% | 33.86% | -29.82% | 19.05% |
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% |
Correlation
The correlation between EMQQ and CEFS is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.40 |
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Return for Risk
EMQQ vs. CEFS — Risk / Return Rank
EMQQ
CEFS
EMQQ vs. CEFS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) 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.
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.
| EMQQ | CEFS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.36 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 3.81 | -4.13 |
| Martin ratioReturn relative to average drawdown | -0.57 | 13.08 | -13.65 |
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Drawdowns
EMQQ vs. CEFS - Drawdown Comparison
The maximum EMQQ drawdown since its inception was -73.24%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for EMQQ and CEFS.
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Drawdown Indicators
| EMQQ | CEFS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.24% | -38.99% | -34.25% |
Max Drawdown (1Y)Largest decline over 1 year | -33.70% | -5.67% | -28.03% |
Max Drawdown (3Y)Largest decline over 3 years | -33.70% | -13.37% | -20.33% |
Max Drawdown (5Y)Largest decline over 5 years | -61.70% | -16.85% | -44.85% |
Max Drawdown (10Y)Largest decline over 10 years | -73.24% | — | — |
Current DrawdownCurrent decline from peak | -54.48% | -2.52% | -51.96% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -3.63% | -28.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.02% | 1.65% | +17.37% |
Volatility
EMQQ vs. CEFS - Volatility Comparison
EMQQ The Emerging Markets Internet ETF (EMQQ) has a higher volatility of 5.25% compared to Saba Closed-End Funds ETF (CEFS) at 3.26%. This indicates that EMQQ'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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Volatility by Period
| EMQQ | CEFS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 3.26% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.86% | 9.40% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.22% | 10.90% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.73% | 13.23% | +19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.60% | 15.30% | +15.30% |
EMQQ vs. CEFS - Expense Ratio Comparison
EMQQ has a 0.86% expense ratio, which is lower than CEFS's 2.61% expense ratio.
Dividends
EMQQ vs. CEFS - Dividend Comparison
EMQQ's dividend yield for the trailing twelve months is around 3.57%, less than CEFS's 7.24% 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% |
EMQQ EMQQ The Emerging Markets Internet ETF | 3.57% | 3.09% | 1.70% | 0.79% | 0.00% | 0.00% | 0.18% | 1.29% | 0.00% | 0.94% | 0.75% | 0.08% |
Frequently Asked Questions
EMQQ and CEFS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMQQ has higher volatility (5.25%) compared to CEFS (3.26%). In terms of maximum drawdown, EMQQ dropped -73.24% vs CEFS's -38.99%.
On 5-year performance, CEFS leads with 13.54% vs -6.86% for EMQQ. On fees, EMQQ is cheaper at 0.86% per year. On volatility, CEFS has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CEFS has performed better with a 13.54% return vs -6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMQQ is cheaper with a 0.86% expense ratio, compared with 2.61% for CEFS.
CEFS has the higher dividend yield at 7.24%, compared with 3.57% for EMQQ.
EMQQ is categorized as Emerging Markets Equities, while CEFS is Actively Managed. Their fees differ too: 0.86% for EMQQ and 2.61% for CEFS.
CEFS currently has the higher Sharpe Ratio (1.99 vs -0.51), 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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