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FOF vs. CEFS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FOF vs. CEFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Closed-End Opportunity Fund (FOF) and Saba Closed-End Funds ETF (CEFS). The values are adjusted to include any dividend payments, if applicable.

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FOF vs. CEFS - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FOF
Cohen & Steers Closed-End Opportunity Fund
-0.96%13.01%23.65%17.90%-22.69%28.24%1.52%31.37%-9.43%7.91%
CEFS
Saba Closed-End Funds ETF
-0.33%16.67%23.48%20.99%-7.08%17.86%3.40%28.41%-9.97%7.63%

Returns By Period

In the year-to-date period, FOF achieves a -0.96% return, which is significantly lower than CEFS's -0.33% return.


FOF

1D
1.83%
1M
-10.52%
YTD
-0.96%
6M
2.28%
1Y
15.30%
3Y*
14.99%
5Y*
8.04%
10Y*
10.65%

CEFS

1D
2.04%
1M
-2.99%
YTD
-0.33%
6M
3.31%
1Y
14.56%
3Y*
17.06%
5Y*
11.58%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FOF vs. CEFS - Expense Ratio Comparison

FOF has a 0.95% expense ratio, which is lower than CEFS's 3.80% expense ratio.


Return for Risk

FOF vs. CEFS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FOF
FOF Risk / Return Rank: 4242
Overall Rank
FOF Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
FOF Sortino Ratio Rank: 4343
Sortino Ratio Rank
FOF Omega Ratio Rank: 5252
Omega Ratio Rank
FOF Calmar Ratio Rank: 3737
Calmar Ratio Rank
FOF Martin Ratio Rank: 3838
Martin Ratio Rank

CEFS
CEFS Risk / Return Rank: 6666
Overall Rank
CEFS Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CEFS Sortino Ratio Rank: 6363
Sortino Ratio Rank
CEFS Omega Ratio Rank: 7070
Omega Ratio Rank
CEFS Calmar Ratio Rank: 6161
Calmar Ratio Rank
CEFS Martin Ratio Rank: 7272
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FOF vs. CEFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) 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.


FOFCEFSDifference

Sharpe ratio

Return per unit of total volatility

0.83

1.11

-0.29

Sortino ratio

Return per unit of downside risk

1.27

1.54

-0.27

Omega ratio

Gain probability vs. loss probability

1.21

1.25

-0.04

Calmar ratio

Return relative to maximum drawdown

0.98

1.43

-0.45

Martin ratio

Return relative to average drawdown

3.97

6.94

-2.97

FOF vs. CEFS - Sharpe Ratio Comparison

The current FOF Sharpe Ratio is 0.83, which is comparable to the CEFS Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of FOF and CEFS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FOFCEFSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

1.11

-0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.90

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.70

-0.39

Correlation

The correlation between FOF and CEFS is 0.44, 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.


Dividends

FOF vs. CEFS - Dividend Comparison

FOF's dividend yield for the trailing twelve months is around 8.14%, more than CEFS's 8.01% yield.


TTM20252024202320222021202020192018201720162015
FOF
Cohen & Steers Closed-End Opportunity Fund
8.14%7.91%8.22%9.32%9.99%7.06%8.41%7.78%9.41%7.84%8.90%9.49%
CEFS
Saba Closed-End Funds ETF
8.01%7.84%8.79%9.20%11.32%10.73%8.61%8.10%10.43%5.02%0.00%0.00%

Drawdowns

FOF vs. CEFS - Drawdown Comparison

The maximum FOF drawdown since its inception was -59.38%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for FOF and CEFS.


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Drawdown Indicators


FOFCEFSDifference

Max Drawdown

Largest peak-to-trough decline

-59.38%

-38.99%

-20.39%

Max Drawdown (1Y)

Largest decline over 1 year

-15.07%

-9.80%

-5.27%

Max Drawdown (5Y)

Largest decline over 5 years

-29.96%

-16.85%

-13.11%

Max Drawdown (10Y)

Largest decline over 10 years

-49.74%

Current Drawdown

Current decline from peak

-13.52%

-3.75%

-9.77%

Average Drawdown

Average peak-to-trough decline

-9.37%

-3.73%

-5.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.73%

2.02%

+1.71%

Volatility

FOF vs. CEFS - Volatility Comparison

Cohen & Steers Closed-End Opportunity Fund (FOF) has a higher volatility of 6.09% compared to Saba Closed-End Funds ETF (CEFS) at 4.75%. This indicates that FOF'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


FOFCEFSDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.09%

4.75%

+1.34%

Volatility (6M)

Calculated over the trailing 6-month period

11.03%

7.46%

+3.57%

Volatility (1Y)

Calculated over the trailing 1-year period

18.57%

13.15%

+5.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.99%

12.99%

+5.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.25%

15.38%

+4.87%