TEMR vs. CEFS
TEMR (T. Rowe Price Emerging Markets Equity Research ETF) and CEFS (Saba Closed-End Funds ETF) are both Actively Managed funds. Both are actively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. TEMR charges 0.40%/yr vs 2.61%/yr for CEFS.
Performance
TEMR vs. CEFS - Performance Comparison
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Returns By Period
TEMR
- 1D
- -2.26%
- 1M
- -9.70%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CEFS
- 1D
- -0.77%
- 1M
- -3.35%
- 6M
- 8.83%
- YTD
- 10.48%
- 1Y
- 18.25%
- 3Y*
- 18.45%
- 5Y*
- 13.23%
- 10Y*
- —
- ALL TIME*
- 11.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.29M | $2.05M | $2.23M | |
| $55.08K | $37.97K | $35.36K |
TEMR vs. CEFS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TEMR T. Rowe Price Emerging Markets Equity Research ETF | 4.99% |
CEFS Saba Closed-End Funds ETF | 10.70% |
Correlation
The correlation between TEMR and CEFS is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.74 |
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Return for Risk
TEMR vs. CEFS — Risk / Return Rank
TEMR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CEFS
TEMR vs. CEFS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Equity Research ETF (TEMR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TEMR | CEFS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.23 | — |
| Martin ratioReturn relative to average drawdown | — | 11.31 | — |
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Drawdowns
TEMR vs. CEFS - Drawdown Comparison
The maximum TEMR drawdown since its inception was -14.32%, smaller than the maximum CEFS drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for TEMR and CEFS.
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Drawdown Indicators
| TEMR | CEFS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.32% | -38.99% | +24.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.85% | — |
Current DrawdownCurrent decline from peak | -14.32% | -4.51% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -3.63% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.62% | — |
Volatility
TEMR vs. CEFS - Volatility Comparison
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Volatility by Period
| TEMR | CEFS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.01% | 10.83% | +22.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.01% | 13.22% | +19.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 15.30% | +17.71% |
TEMR vs. CEFS - Expense Ratio Comparison
TEMR has a 0.40% expense ratio, which is lower than CEFS's 2.61% expense ratio.
Dividends
TEMR vs. CEFS - Dividend Comparison
TEMR has not paid dividends to shareholders, while CEFS's dividend yield for the trailing twelve months is around 7.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CEFS Saba Closed-End Funds ETF | 7.96% | 7.84% | 8.79% | 9.20% | 11.32% | 10.73% | 8.61% | 8.10% | 10.43% | 5.02% |
TEMR T. Rowe Price Emerging Markets Equity Research ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEMR and CEFS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TEMR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEMR is cheaper with a 0.40% expense ratio, compared with 2.61% for CEFS.
CEFS has the higher dividend yield at 7.96%, compared with 0.00% for TEMR.
They also come from different issuers: T. Rowe Price and Exchange Traded Concepts. Their fees differ too: 0.40% for TEMR and 2.61% for CEFS.
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