FCEF vs. CEFS
Compare and contrast key facts about First Trust CEF Income Opportunity ETF (FCEF) and Saba Closed-End Funds ETF (CEFS).
FCEF and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 2016. 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: FCEF or CEFS.
Correlation
The correlation between FCEF and CEFS is 0.60, 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
FCEF vs. CEFS - Performance Comparison
Key characteristics
FCEF:
2.38
CEFS:
2.24
FCEF:
3.05
CEFS:
3.04
FCEF:
1.45
CEFS:
1.39
FCEF:
1.90
CEFS:
3.93
FCEF:
13.00
CEFS:
12.53
FCEF:
1.50%
CEFS:
1.86%
FCEF:
8.21%
CEFS:
10.46%
FCEF:
-44.81%
CEFS:
-38.99%
FCEF:
-0.58%
CEFS:
-1.64%
Returns By Period
In the year-to-date period, FCEF achieves a 4.01% return, which is significantly lower than CEFS's 4.44% return.
FCEF
4.01%
0.72%
5.87%
18.69%
5.45%
N/A
CEFS
4.44%
0.46%
7.29%
21.67%
11.42%
N/A
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FCEF vs. CEFS - Expense Ratio Comparison
FCEF has a 2.91% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
FCEF vs. CEFS — Risk-Adjusted Performance Rank
FCEF
CEFS
FCEF vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust CEF Income Opportunity ETF (FCEF) 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.
Dividends
FCEF vs. CEFS - Dividend Comparison
FCEF's dividend yield for the trailing twelve months is around 7.07%, less than CEFS's 9.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCEF First Trust CEF Income Opportunity ETF | 7.07% | 7.13% | 7.19% | 7.29% | 4.74% | 5.05% | 5.10% | 5.96% | 4.87% | 1.51% |
CEFS Saba Closed-End Funds ETF | 9.46% | 9.81% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% | 0.00% |
Drawdowns
FCEF vs. CEFS - Drawdown Comparison
The maximum FCEF drawdown since its inception was -44.81%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for FCEF and CEFS. For additional features, visit the drawdowns tool.
Volatility
FCEF vs. CEFS - Volatility Comparison
The current volatility for First Trust CEF Income Opportunity ETF (FCEF) is 1.53%, while Saba Closed-End Funds ETF (CEFS) has a volatility of 2.90%. This indicates that FCEF experiences smaller price fluctuations and is considered to be less risky than CEFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.