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CEFS vs MTBA

Saba Closed-End Funds ETF vs Simplify MBS ETF

CEFS

Saba Closed-End Funds ETF

SABA ETF

Annual cost

2.61%

Fund size

$402M

MTBA

Simplify MBS ETF

Simplify Asset Management

Annual cost

0.15%

Fund size

$1.7B

Key differences

  • MTBA costs 2.46% less per year.
  • MTBA is significantly larger than CEFS — larger funds tend to be more liquid and less likely to close.
  • CEFS follows a active selection strategy; MTBA uses multi strategy.
  • CEFS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CEFSMTBA
Annual cost (TER)2.61%0.15%
Fund size (AUM)$402M$1.7B
Since20172023
Dividend yield6.24%5.53%
Asset classalternativealternative
Regionnorth america
Strategyactive selectionmulti strategy
CAGR 1Y+24.3%+5.5%
CAGR 3Y+21.5%N/A
CAGR 5Y+13.7%N/A
Sharpe 3Y1.39N/A
Volatility 1Y9.92%3.11%
Max drawdown-38.99%-3.48%

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

Similar to CEFS and MTBA