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CEFS vs HIGH

Saba Closed-End Funds ETF vs Simplify Enhanced Income ETF

CEFS

Saba Closed-End Funds ETF

SABA ETF

Annual cost

2.61%

Fund size

$402M

HIGH

Simplify Enhanced Income ETF

Simplify Asset Management

Annual cost

0.50%

Fund size

$79M

Key differences

  • HIGH costs 2.11% less per year.
  • CEFS is significantly larger than HIGH — larger funds tend to be more liquid and less likely to close.
  • CEFS follows a active selection strategy; HIGH uses option income.
  • 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

CEFSHIGH
Annual cost (TER)2.61%0.50%
Fund size (AUM)$402M$79M
Since20172022
Dividend yield6.24%7.86%
Asset classalternativealternative
Regionnorth america
Strategyactive selectionoption income
CAGR 1Y+24.3%-4.6%
CAGR 3Y+21.5%+3.1%
CAGR 5Y+13.7%N/A
Sharpe 3Y1.390.00
Volatility 1Y9.92%8.98%
Max drawdown-38.99%-9.50%

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

Similar to CEFS and HIGH