HYIN vs. CEFS
Compare and contrast key facts about WisdomTree Alternative Income Fund (HYIN) and Saba Closed-End Funds ETF (CEFS).
HYIN and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYIN is a passively managed fund by WisdomTree that tracks the performance of the Gapstow Liquid Alternative Credit Index. It was launched on May 6, 2021. 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: HYIN or CEFS.
Key characteristics
| HYIN | CEFS | |
|---|---|---|
| YTD Return | 8.37% | 24.33% |
| 1Y Return | 14.89% | 32.88% |
| 3Y Return (Ann) | 0.36% | 11.05% |
| Sharpe Ratio | 1.44 | 3.27 |
| Sortino Ratio | 2.00 | 4.38 |
| Omega Ratio | 1.26 | 1.58 |
| Calmar Ratio | 1.40 | 5.95 |
| Martin Ratio | 8.38 | 20.47 |
| Ulcer Index | 2.22% | 1.73% |
| Daily Std Dev | 12.89% | 10.81% |
| Max Drawdown | -31.11% | -38.99% |
| Current Drawdown | -2.63% | -1.52% |
Correlation
The correlation between HYIN 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
HYIN vs. CEFS - Performance Comparison
In the year-to-date period, HYIN achieves a 8.37% return, which is significantly lower than CEFS's 24.33% 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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HYIN vs. CEFS - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
HYIN vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) 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
HYIN vs. CEFS - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 12.18%, more than CEFS's 7.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 12.18% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% |
CEFS Saba Closed-End Funds ETF | 7.92% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% |
Drawdowns
HYIN vs. CEFS - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.11%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for HYIN and CEFS. For additional features, visit the drawdowns tool.
Volatility
HYIN vs. CEFS - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.09% compared to Saba Closed-End Funds ETF (CEFS) at 2.86%. This indicates that HYIN'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.