HTEC vs. CEFS

Last updated Jun 4, 2026

HTEC (ROBO Global Healthcare Technology and Innovation ETF) and CEFS (Saba Closed-End Funds ETF) are both exchange-traded funds - HTEC is a Health & Biotech Equities fund tracking the ROBO Global® Healthcare Technology and Innovation Index, while CEFS is a Event Driven fund actively managed by Exchange Traded Concepts. HTEC is passively managed, while CEFS is actively managed. Over the past 5 years, HTEC returned -4.88%/yr vs 13.85%/yr for CEFS. At a 0.48 correlation, their price movements are largely independent. HTEC charges 0.68%/yr vs 1.29%/yr for CEFS.

Performance

HTEC vs. CEFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Saba Closed-End Funds ETF (CEFS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTEC achieves a -2.96% return, which is significantly lower than CEFS's 13.75% return.

HTEC

• 1D: 0.67%
• 1M: 3.12%
• YTD: -2.96%
• 6M: -3.90%
• 1Y: 26.68%
• 3Y*: 5.17%
• 5Y*: -4.88%
• 10Y*: —

CEFS

• 1D: -0.51%
• 1M: 4.35%
• YTD: 13.75%
• 6M: 15.64%
• 1Y: 25.00%
• 3Y*: 22.04%
• 5Y*: 13.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HTEC vs. CEFS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HTEC ROBO Global Healthcare Technology and Innovation ETF	-2.96%	23.91%	2.68%	-2.94%	-33.72%	-0.28%	65.01%	9.34%
CEFS Saba Closed-End Funds ETF	13.75%	16.67%	23.48%	20.99%	-7.08%	17.86%	3.40%	6.44%

Correlation

The correlation between HTEC and CEFS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019	0.48

The correlation between HTEC and CEFS shifts across timeframes, from 0.37 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

HTEC vs. CEFS - Sectors Allocation Comparison

Sectors	HTEC	CEFS
Healthcare	77.3%	4.6%
Financial Services	3.9%	48.9%
Technology	3.7%	12.4%
Industrials	1.3%	6.7%
Energy	1.2%	11.2%
Basic Materials	-	1.6%
Communication Services	-	4.1%
Consumer Cyclical	-	3.3%
Consumer Defensive	-	1.8%
Real Estate	-	1.2%
Utilities	-	4.2%

Return for Risk

HTEC vs. CEFS — Risk / Return Rank

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

HTEC

HTEC Risk / Return Rank: 34
HTEC Sharpe Ratio Rank: 36
HTEC Sortino Ratio Rank: 38
HTEC Omega Ratio Rank: 33
HTEC Calmar Ratio Rank: 33
HTEC Martin Ratio Rank: 29

CEFS

CEFS Risk / Return Rank: 80
CEFS Sharpe Ratio Rank: 76
CEFS Sortino Ratio Rank: 81
CEFS Omega Ratio Rank: 78
CEFS Calmar Ratio Rank: 82
CEFS Martin Ratio Rank: 83

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.

HTEC vs. CEFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) 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.

	HTEC	CEFS	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.53	-1.21
Sortino ratio: Return per unit of downside risk	1.99	3.71	-1.72
Omega ratio: Gain probability vs. loss probability	1.23	1.48	-0.25
Calmar ratio: Return relative to maximum drawdown	1.64	4.43	-2.78
Martin ratio: Return relative to average drawdown	4.07	17.26	-13.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTEC vs. CEFS - Sharpe Ratio Comparison

The current HTEC Sharpe Ratio is 1.32, which is lower than the CEFS Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of HTEC and CEFS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HTEC	CEFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.53	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	1.06	-1.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.79	-0.59

Drawdowns

HTEC vs. CEFS - Drawdown Comparison

The maximum HTEC drawdown since its inception was -57.53%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for HTEC and CEFS.

Drawdown Indicators

	HTEC	CEFS	Difference
Max Drawdown Largest peak-to-trough decline	-57.53%	-38.99%	-18.54%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-5.67%	-10.64%
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	-13.37%	-15.30%
Max Drawdown (5Y) Largest decline over 5 years	-56.10%	-16.85%	-39.25%
Current Drawdown Current decline from peak	-33.25%	-0.51%	-32.74%
Average Drawdown Average peak-to-trough decline	-28.99%	-3.67%	-25.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	1.45%	+5.12%

Volatility

HTEC vs. CEFS - Volatility Comparison

ROBO Global Healthcare Technology and Innovation ETF (HTEC) has a higher volatility of 5.82% compared to Saba Closed-End Funds ETF (CEFS) at 3.37%. This indicates that HTEC'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.

Volatility by Period

	HTEC	CEFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	3.37%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	14.90%	8.56%	+6.34%
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	9.95%	+10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	13.08%	+11.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	15.33%	+10.13%

HTEC vs. CEFS - Expense Ratio Comparison

HTEC has a 0.68% expense ratio, which is lower than CEFS's 1.29% expense ratio.

Dividends

HTEC vs. CEFS - Dividend Comparison

HTEC's dividend yield for the trailing twelve months is around 1.01%, less than CEFS's 7.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEFS Saba Closed-End Funds ETF	7.10%	7.84%	8.79%	9.20%	11.32%	10.73%	8.61%	8.10%	10.43%	5.02%
HTEC ROBO Global Healthcare Technology and Innovation ETF	1.01%	0.98%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HTEC and CEFS in my portfolio?

HTEC and CEFS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTEC or CEFS?

HTEC has higher volatility (5.82%) compared to CEFS (3.37%). In terms of maximum drawdown, HTEC dropped -57.53% vs CEFS's -38.99%.

Which ETF is better, HTEC or CEFS?

On 5-year performance, CEFS leads with 13.85% vs -4.88% for HTEC. On fees, HTEC is cheaper at 0.68% per year. On volatility, CEFS has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTEC or CEFS?

Over the 5-year period, CEFS has performed better with a 13.85% return vs -4.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTEC or CEFS?

HTEC is cheaper with a 0.68% expense ratio, compared with 1.29% for CEFS.

Which ETF pays a higher dividend yield, HTEC or CEFS?

CEFS has the higher dividend yield at 7.10%, compared with 1.01% for HTEC.

What is the main difference between HTEC and CEFS?

HTEC is categorized as Health & Biotech Equities, while CEFS is Event Driven. Their fees differ too: 0.68% for HTEC and 1.29% for CEFS.

Which has better risk-adjusted returns?

CEFS currently has the higher Sharpe Ratio (2.53 vs 1.32), 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.