NUKZ vs. CEFS

Last updated Jun 4, 2026

NUKZ (Range Nuclear Renaissance ETF) and CEFS (Saba Closed-End Funds ETF) are both exchange-traded funds - NUKZ is a Energy Equities fund tracking the Range Nuclear Renaissance Index, while CEFS is a Event Driven fund actively managed by Exchange Traded Concepts. NUKZ is passively managed, while CEFS is actively managed. Over the past year, NUKZ returned 41.42% vs 25.00% for CEFS. At a 0.49 correlation, their price movements are largely independent. NUKZ charges 0.85%/yr vs 1.29%/yr for CEFS.

Performance

NUKZ vs. CEFS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Nuclear Renaissance ETF (NUKZ) and Saba Closed-End Funds ETF (CEFS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NUKZ having a 13.31% return and CEFS slightly higher at 13.75%.

NUKZ

• 1D: -2.59%
• 1M: -0.90%
• YTD: 13.31%
• 6M: 10.66%
• 1Y: 41.42%
• 3Y*: —
• 5Y*: —
• 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)

NUKZ vs. CEFS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NUKZ Range Nuclear Renaissance ETF	13.31%	56.57%	62.98%
CEFS Saba Closed-End Funds ETF	13.75%	16.67%	22.32%

Correlation

The correlation between NUKZ and CEFS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.49

NUKZ vs. CEFS - Sectors Allocation Comparison

Sectors	NUKZ	CEFS
Industrials	45.9%	6.7%
Utilities	35.8%	4.2%
Energy	12.9%	11.2%
Basic Materials	4.0%	1.6%
Technology	1.4%	12.4%
Communication Services	-	4.1%
Consumer Cyclical	-	3.3%
Consumer Defensive	-	1.8%
Financial Services	-	48.9%
Healthcare	-	4.6%
Real Estate	-	1.2%

Return for Risk

NUKZ vs. CEFS — Risk / Return Rank

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

NUKZ

NUKZ Risk / Return Rank: 40
NUKZ Sharpe Ratio Rank: 38
NUKZ Sortino Ratio Rank: 38
NUKZ Omega Ratio Rank: 34
NUKZ Calmar Ratio Rank: 50
NUKZ Martin Ratio Rank: 39

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.

NUKZ vs. CEFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Nuclear Renaissance ETF (NUKZ) 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.

	NUKZ	CEFS	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.53	-1.13
Sortino ratio: Return per unit of downside risk	2.02	3.71	-1.69
Omega ratio: Gain probability vs. loss probability	1.23	1.48	-0.24
Calmar ratio: Return relative to maximum drawdown	2.52	4.43	-1.91
Martin ratio: Return relative to average drawdown	6.34	17.26	-10.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUKZ vs. CEFS - Sharpe Ratio Comparison

The current NUKZ Sharpe Ratio is 1.40, which is lower than the CEFS Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NUKZ 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

	NUKZ	CEFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	2.53	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	0.79	+0.96

Drawdowns

NUKZ vs. CEFS - Drawdown Comparison

The maximum NUKZ drawdown since its inception was -33.03%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for NUKZ and CEFS.

Drawdown Indicators

	NUKZ	CEFS	Difference
Max Drawdown Largest peak-to-trough decline	-33.03%	-38.99%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	-16.51%	-5.67%	-10.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.37%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Current Drawdown Current decline from peak	-5.61%	-0.51%	-5.10%
Average Drawdown Average peak-to-trough decline	-6.01%	-3.67%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.55%	1.45%	+5.10%

Volatility

NUKZ vs. CEFS - Volatility Comparison

Range Nuclear Renaissance ETF (NUKZ) has a higher volatility of 10.30% compared to Saba Closed-End Funds ETF (CEFS) at 3.37%. This indicates that NUKZ'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

	NUKZ	CEFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	3.37%	+6.93%
Volatility (6M) Calculated over the trailing 6-month period	22.05%	8.56%	+13.49%
Volatility (1Y) Calculated over the trailing 1-year period	29.74%	9.95%	+19.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.70%	13.08%	+19.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.70%	15.33%	+17.37%

NUKZ vs. CEFS - Expense Ratio Comparison

NUKZ has a 0.85% expense ratio, which is lower than CEFS's 1.29% expense ratio.

Dividends

NUKZ vs. CEFS - Dividend Comparison

NUKZ's dividend yield for the trailing twelve months is around 0.80%, 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%
NUKZ Range Nuclear Renaissance ETF	0.80%	0.91%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NUKZ and CEFS in my portfolio?

NUKZ and CEFS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUKZ or CEFS?

NUKZ has higher volatility (10.30%) compared to CEFS (3.37%). In terms of maximum drawdown, NUKZ dropped -33.03% vs CEFS's -38.99%.

Which ETF is better, NUKZ or CEFS?

On 1-year performance, NUKZ leads with 41.42% vs 25.00% for CEFS. On fees, NUKZ is cheaper at 0.85% 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, NUKZ or CEFS?

Over the 1-year period, NUKZ has performed better with a 41.42% return vs 25.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUKZ or CEFS?

NUKZ is cheaper with a 0.85% expense ratio, compared with 1.29% for CEFS.

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

CEFS has the higher dividend yield at 7.10%, compared with 0.80% for NUKZ.

What is the main difference between NUKZ and CEFS?

NUKZ is categorized as Energy Equities, while CEFS is Event Driven. Their fees differ too: 0.85% for NUKZ and 1.29% for CEFS.

Which has better risk-adjusted returns?

CEFS currently has the higher Sharpe Ratio (2.53 vs 1.40), 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.