PEX vs. CEFS
Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and Saba Closed-End Funds ETF (CEFS).
PEX and CEFS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013. 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: PEX or CEFS.
Key characteristics
| PEX | CEFS | |
|---|---|---|
| YTD Return | 12.53% | 26.07% |
| 1Y Return | 26.08% | 38.74% |
| 3Y Return (Ann) | 0.15% | 11.60% |
| 5Y Return (Ann) | 6.08% | 12.50% |
| Sharpe Ratio | 2.14 | 3.72 |
| Sortino Ratio | 2.87 | 4.96 |
| Omega Ratio | 1.37 | 1.66 |
| Calmar Ratio | 1.30 | 6.78 |
| Martin Ratio | 13.01 | 23.37 |
| Ulcer Index | 2.04% | 1.72% |
| Daily Std Dev | 12.42% | 10.79% |
| Max Drawdown | -49.17% | -38.99% |
| Current Drawdown | -0.02% | -0.13% |
Correlation
The correlation between PEX and CEFS is 0.52, 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
PEX vs. CEFS - Performance Comparison
In the year-to-date period, PEX achieves a 12.53% return, which is significantly lower than CEFS's 26.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PEX vs. CEFS - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is lower than CEFS's 3.80% expense ratio.
Risk-Adjusted Performance
PEX vs. CEFS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) 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
PEX vs. CEFS - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 13.58%, more than CEFS's 7.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 13.58% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
CEFS Saba Closed-End Funds ETF | 7.81% | 9.20% | 11.32% | 10.73% | 8.61% | 7.56% | 9.84% | 6.28% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEX vs. CEFS - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, which is greater than CEFS's maximum drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for PEX and CEFS. For additional features, visit the drawdowns tool.
Volatility
PEX vs. CEFS - Volatility Comparison
ProShares Global Listed Private Equity ETF (PEX) has a higher volatility of 3.30% compared to Saba Closed-End Funds ETF (CEFS) at 2.56%. This indicates that PEX'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.