Screener
CEFS vs AMAX
Saba Closed-End Funds ETF vs Adaptive Hedged Multi-Asset Income ETF
Key differences
Both CEFS and AMAX are alternative ETFs. CEFS charges 2.61% a year and AMAX 1.36%. The main difference: CEFS follows a active selection strategy; AMAX uses option income.
- CEFS follows a active selection strategy; AMAX uses option income.
- AMAX costs 1.25% less per year.
- CEFS is much larger than AMAX. Larger funds are usually more liquid and less likely to close.
- Over the last three years, CEFS has delivered higher annualized returns.
- AMAX has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CEFS | AMAX | |
|---|---|---|
| Annual cost (TER) | 2.61% | 1.36% |
| Fund size (AUM) | $421M | $64M |
| Since | 2017 | 2009 |
| Dividend yield | 6.01% | 10.96% |
| Asset class | alternative | alternative |
| Region | — | — |
| Strategy | active selection | option income |
| CAGR 1Y | +22.2% | +9.1% |
| CAGR 3Y | +22.3% | +8.5% |
| CAGR 5Y | +13.7% | N/A |
| Sharpe 3Y | 1.44 | 0.50 |
| Volatility 1Y | 10.21% | 10.26% |
| Max drawdown | -38.99% | -16.25% |
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