Screener
CEFS vs CVY
Saba Closed-End Funds ETF vs Invesco Zacks Multi-Asset Income ETF
Key differences
CEFS is an alternative ETF, while CVY is a mixed asset ETF. CEFS charges 2.61% a year and CVY 1.21%.
- CEFS is an alternative fund, while CVY is a mixed asset fund. They carry different risk/return profiles.
- CVY costs 1.40% less per year.
- CEFS is much larger than CVY. Larger funds are usually more liquid and less likely to close.
- Over the last three years, CEFS has delivered higher annualized returns.
- CVY has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CEFS | CVY | |
|---|---|---|
| Annual cost (TER) | 2.61% | 1.21% |
| Fund size (AUM) | $421M | $120M |
| Since | 2017 | 2006 |
| Dividend yield | 6.01% | 3.72% |
| Asset class | alternative | mixed asset |
| Region | — | global |
| Strategy | active selection | active selection |
| CAGR 1Y | +22.2% | +18.7% |
| CAGR 3Y | +22.3% | +16.9% |
| CAGR 5Y | +13.7% | +7.3% |
| Sharpe 3Y | 1.44 | 0.92 |
| Volatility 1Y | 10.21% | 11.02% |
| Max drawdown | -38.99% | -50.47% |
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