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CEFS vs CGMS

Saba Closed-End Funds ETF vs Capital Group U.S. Multi-Sector Income ETF

CEFS

Saba Closed-End Funds ETF

SABA ETF

Annual cost

2.61%

Fund size

$402M

CGMS

Capital Group U.S. Multi-Sector Income ETF

Capital Group

Annual cost

0.39%

Fund size

$4.7B

Key differences

  • CGMS costs 2.22% less per year.
  • CGMS is significantly larger than CEFS — larger funds tend to be more liquid and less likely to close.
  • CEFS is classified as alternative, while CGMS is fixed income — different risk/return profiles.
  • CEFS follows a active selection strategy; CGMS uses index tracking.
  • Over the last 3 years, CEFS has delivered higher annualized returns.
  • CEFS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CEFSCGMS
Annual cost (TER)2.61%0.39%
Fund size (AUM)$402M$4.7B
Since20172022
Dividend yield6.24%5.93%
Asset classalternativefixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+24.3%+7.9%
CAGR 3Y+21.5%+8.0%
CAGR 5Y+13.7%N/A
Sharpe 3Y1.390.92
Volatility 1Y9.92%3.49%
Max drawdown-38.99%-4.08%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to CEFS and CGMS