Screener
CEFS vs IYLD
Saba Closed-End Funds ETF vs iShares Morningstar Multi-Asset Income ETF
Key differences
CEFS is an alternative ETF, while IYLD is a mixed asset ETF. CEFS charges 2.61% a year and IYLD 0.50%.
- CEFS is an alternative fund, while IYLD is a mixed asset fund. They carry different risk/return profiles.
- IYLD costs 2.11% less per year.
- CEFS is much larger than IYLD. Larger funds are usually more liquid and less likely to close.
- Over the last three years, CEFS has delivered higher annualized returns.
- IYLD has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| CEFS | IYLD | |
|---|---|---|
| Annual cost (TER) | 2.61% | 0.50% |
| Fund size (AUM) | $421M | $128M |
| Since | 2017 | 2012 |
| Dividend yield | 6.01% | 4.56% |
| Asset class | alternative | mixed asset |
| Region | — | — |
| Strategy | active selection | active selection |
| CAGR 1Y | +22.2% | +13.1% |
| CAGR 3Y | +22.3% | +11.0% |
| CAGR 5Y | +13.7% | +3.4% |
| Sharpe 3Y | 1.44 | 1.11 |
| Volatility 1Y | 10.21% | 5.82% |
| Max drawdown | -38.99% | -30.23% |
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