CEFS vs SPXU
Comparison between SABA CLOSED-END FUNDS ETF (CEFS, ETF) and ProShares UltraPro Short S&P 500 (SPXU, ETF).
5-Year PerformanceCEFS has outperformed SPXU, delivering a return of +14.1% compared to -33.3%
CEFS vs SPXU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CEFS vs SPXU - Historical Returns
Returns include dividend reinvestment.
CEFS vs SPXU - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | CEFS | SPXU |
|---|---|---|
| 2026 | +14.77% | -23.83% |
| 2025 | +16.85% | -42.26% |
| 2024 | +23.95% | -44.36% |
| 2023 | +21.43% | -46.82% |
| 2022 | -7.25% | +38.93% |
| 2021 | +18.25% | -59.51% |
| 2020 | +3.04% | -69.58% |
| 2019 | +27.73% | -56.23% |
| 2018 | -9.86% | +6.18% |
| 2017 | +7.63% | -42.98% |
| 2016 | N/A | -38.28% |
| 2015 | N/A | -16.75% |
| 2014 | N/A | -38.65% |
| 2013 | N/A | -56.86% |
| 2012 | N/A | -39.74% |
| 2011 | N/A | -30.34% |
| 2010 | N/A | -43.79% |
| 2009 | N/A | -50.48% |
CEFS vs SPXU Drawdown Comparison
The maximum drawdown for CEFS was -39.03%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The maximum drawdown for SPXU was -99.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The current CEFS drawdown is -2.06%. The current SPXU drawdown is -99.99%.
| Rank | CEFS | SPXU |
|---|---|---|
| #1 | -39.03% Feb 20, 2020 - Nov 20, 2020 | -99.99% Jul 10, 2009 - Jun 2, 2026 |
| #2 | -16.84% Nov 16, 2021 - Feb 2, 2023 | -2.98% Jun 26, 2009 - Jul 2, 2009 |
| #3 | -16.63% Jan 25, 2018 - Feb 22, 2019 | -0.23% Jul 2, 2009 - Jul 7, 2009 |
| #4 | -13.36% Feb 18, 2025 - Jun 4, 2025 | -0.23% Jul 7, 2009 - Jul 10, 2009 |
| #5 | -11.03% Aug 1, 2023 - Nov 30, 2023 | N/A |
| #6 | -9.98% Feb 2, 2023 - Jun 12, 2023 | N/A |
| #7 | -5.93% Jul 15, 2024 - Aug 27, 2024 | N/A |
| #8 | -5.85% Mar 28, 2024 - May 10, 2024 | N/A |
| #9 | -5.66% Feb 26, 2026 - Apr 9, 2026 | N/A |
| #10 | -4.45% Dec 11, 2024 - Jan 17, 2025 | N/A |
| #11 | -4.29% May 3, 2019 - Jun 20, 2019 | N/A |
| #12 | -3.73% Jul 17, 2019 - Oct 16, 2019 | N/A |
| #13 | -3.66% Dec 28, 2023 - Jan 26, 2024 | N/A |
| #14 | -3.28% Oct 30, 2025 - Nov 28, 2025 | N/A |
| #15 | -3.13% Oct 24, 2017 - Dec 20, 2017 | N/A |
Correlation
Correlation between CEFS and SPXU is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2017 - 2026)
CEFS vs SPXU dividend yield comparison.
| Year | CEFS | SPXU |
|---|---|---|
| 2026 | 3.33% | 2.26% |
| 2025 | 7.84% | 7.02% |
| 2024 | 8.79% | 9.53% |
| 2023 | 9.20% | 7.06% |
| 2022 | 11.32% | 0.39% |
| 2021 | 10.73% | 0.00% |
| 2020 | 8.61% | 0.70% |
| 2019 | 8.10% | 2.14% |
| 2018 | 10.43% | 1.41% |
| 2017 | 5.02% | 0.10% |
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