HYGV vs. CEFS
Compare and contrast key facts about FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and Saba Closed-End Funds ETF (CEFS).
HYGV and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. 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: HYGV or CEFS.
Key characteristics
| HYGV | CEFS | |
|---|---|---|
| YTD Return | 8.52% | 26.24% |
| 1Y Return | 15.17% | 40.45% |
| 3Y Return (Ann) | 2.47% | 11.64% |
| 5Y Return (Ann) | 4.76% | 12.52% |
| Sharpe Ratio | 3.10 | 3.56 |
| Sortino Ratio | 4.83 | 4.74 |
| Omega Ratio | 1.63 | 1.63 |
| Calmar Ratio | 1.78 | 5.80 |
| Martin Ratio | 24.16 | 22.51 |
| Ulcer Index | 0.59% | 1.72% |
| Daily Std Dev | 4.58% | 10.89% |
| Max Drawdown | -23.47% | -38.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYGV and CEFS is 0.50, 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
HYGV vs. CEFS - Performance Comparison
In the year-to-date period, HYGV achieves a 8.52% return, which is significantly lower than CEFS's 26.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYGV vs. CEFS - Expense Ratio Comparison
HYGV has a 0.37% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
HYGV vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) 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
HYGV vs. CEFS - Dividend Comparison
HYGV's dividend yield for the trailing twelve months is around 8.23%, more than CEFS's 7.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 8.23% | 8.77% | 7.64% | 7.15% | 6.18% | 7.95% | 5.63% | 0.00% |
CEFS Saba Closed-End Funds ETF | 7.80% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% |
Drawdowns
HYGV vs. CEFS - Drawdown Comparison
The maximum HYGV drawdown since its inception was -23.47%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for HYGV and CEFS. For additional features, visit the drawdowns tool.
Volatility
HYGV vs. CEFS - Volatility Comparison
The current volatility for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is 1.03%, while Saba Closed-End Funds ETF (CEFS) has a volatility of 2.55%. This indicates that HYGV 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.