FCEF vs CEFS
Comparison between FIRST TRUST INCOME OPPORTUNITIES ETF (FCEF, ETF) and SABA CLOSED-END FUNDS ETF (CEFS, ETF).
5-Year PerformanceCEFS has outperformed FCEF, delivering a return of +13.4% compared to +5.6%
FCEF vs CEFS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FCEF
$75M
Winner
CEFS
$402M
Expense Ratio
FCEF
3.69%
Winner
CEFS
2.61%
Max Drawdown
FCEF
45.08%
Winner
CEFS
41.61%
Sharpe Ratio
FCEF
1.36
Winner
CEFS
1.66
5Y Beta
Winner
FCEF
0.52
CEFS
0.54
5Y Dividends CAGR
Winner
FCEF
7.77%
CEFS
2.98%
FCEF vs CEFS - Holdings Comparison
FCEF and CEFS have 12 common holdings. Overlap is 9.71%
FCEF's top 25 holdings weight is 67.18%. CEFS's top 25 holdings weight is 97.66%.
| Rank | FCEF | CEFS |
|---|---|---|
| #1 | EATON VANCE TAX ADVGD GBL DIV INC FD (ETG) - 4.00% | CASH & CASH EQUIVALENTS (n/a) - 13.22% |
| #2 | INVESCO VARIABLE RATE INVESTMENT GRD ETF (VRIG) - 3.81% | n/a (BSTZ) - 12.38% |
| #3 | ABRDN GLOBAL INFRASTRUCTURE INCOME FUND (ASGI) - 3.52% | ASA GOLD AND PRECIOUS METALS (ASA) - 8.86% |
| #4 | ABRDN HEALTHCARE OPPORTUNITIES FUND (THQ) - 3.39% | BNP SHORT CASH ACCT (n/a) - 8.54% |
| #5 | ABRDN HEALTHCARE INVESTORS (HQH) - 3.37% | n/a (NFJ) - 7.33% |
| #6 | SOURCE CAPITAL INC (SOR) - 3.27% | BLACKROCK ESG CAPITAL ALLOCATION TRUST (ECAT) - 6.72% |
| #7 | JOHN HANCOCK TAX-ADVANTAGED DIV INC FD (HTD) - 3.26% | GABELLI DIVIDEND & INCOME TRUST (GDV) - 3.73% |
| #8 | EATON VANCE TAX-ADVTGD GLOBAL DIVID OPPO (ETO) - 3.24% | PIMCO DYNAMIC INCOME STRATEGY FUND (PDX) - 3.25% |
| #9 | EATON VANCE TAX ADVANTAGED DIVIDEND INCOME FUND (EVT) - 3.19% | GENERAL AMERICAN INVESTORS CO INC (GAM) - 3.17% |
| #10 | GABELLI DIVIDEND & INCOME TRUST (GDV) - 2.88% | NEUBERGER NXT GENERATION CNNCTVTY (NBXG) - 3.06% |
| #11 | BLACKROCK SCIENCE AND TECHNOLOGY TRUST (BST) - 2.70% | NEUBERGER ENERGY INFRA AND INCOME INC (NML) - 2.96% |
| #12 | COHEN & STEERS INFRASTRUCTURE FUND INC (UTF) - 2.61% | NUVEEN S&P 500 DYNAMIC OVERWRITE FUND (SPXX) - 2.49% |
| #13 | COHEN & STEERS REIT AND PREFERRED INCOME FUND INC (RNP) - 2.50% | TRI CONTINENTAL (TY) - 2.43% |
| #14 | NUVEEN PREFERRED & INCOME OPPORTUNITIES FUND (JPC) - 2.46% | MEXICO FUND INC (MXF) - 2.01% |
| #15 | PGIM GLOBAL HIGH YIELD FUND, INC (GHY) - 2.43% | ROYCE MICRO-CAP TRUST (RMT) - 1.99% |
| #16 | NUVEEN CREDIT STRATEGIES INCOME FUND (JQC) - 2.38% | JAPAN SMALLER CAPITALIZATION FUND INC (JOF) - 1.94% |
| #17 | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 2.25% | BNP LINE OF CREDIT SABA (n/a) - 1.88% |
| #18 | NUVEEN VARIABLE RATE PREFERRED&INCOME (NPFD) - 2.24% | BLACKROCK TECH AND PRIVATE EQUITY TERM (BTX) - 1.79% |
| #19 | WESTERN ASSET DIVERSIFIED INCOME FUND (WDI) - 2.21% | n/a (MEGI) - 1.69% |
| #20 | GENERAL AMERICAN INVESTORS CO INC (GAM) - 2.06% | HIGHLAND OPPORTUNITIES AND INCOME FUND (HFRO) - 1.51% |
| #21 | CENTRAL SECURITIES CORP (CET) - 2.01% | NEW GERMANY FUND INC (GF) - 1.48% |
| #22 | WESTERN ASSET INFLATION-LINKED OPPORTUNITIES AND INCOME FUND (WIW) - 1.94% | BLUEROCK PRIVATE REAL ESTATE FUND (BPRE) - 1.35% |
| #23 | REAVES UTILITY INCOME FUND (UTG) - 1.89% | VIRTUS TOTAL RETURN FUND INC (ZTR) - 1.34% |
| #24 | BLACKROCK CAPITAL ALLOCATION TRUST (BCAT) - 1.84% | BNY MELLON STRATEGIC MUNICIPALS, INC. (LEO) - 1.32% |
| #25 | BROOKFIELD REAL ASSETS INCOME FUND INC. (RA) - 1.73% | n/a (NIE) - 1.22% |
| Total Holdings | 49 | 74 |
FCEF vs CEFS - Historical Returns
Returns include dividend reinvestment.
1M
FCEF
-0.60%
Winner
CEFS
+2.07%
3M
FCEF
+2.35%
Winner
CEFS
+9.83%
6M
FCEF
+6.06%
Winner
CEFS
+14.36%
1Y
FCEF
+15.15%
Winner
CEFS
+22.30%
5Y(CAGR)
FCEF
+5.64%
Winner
CEFS
+13.41%
10Y(CAGR)
FCEF
+8.06%
Winner
CEFS
+11.88%
Max(CAGR)
FCEF
+8.06%
Winner
CEFS
+11.88%
FCEF vs CEFS - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | FCEF | CEFS |
|---|---|---|
| 2026 | +5.40% | +13.05% |
| 2025 | +14.75% | +16.85% |
| 2024 | +17.46% | +23.95% |
| 2023 | +9.76% | +21.43% |
| 2022 | -19.62% | -7.25% |
| 2021 | +20.61% | +18.25% |
| 2020 | +3.39% | +3.04% |
| 2019 | +27.64% | +27.73% |
| 2018 | -10.18% | -9.86% |
| 2017 | +14.94% | +7.63% |
| 2016 | +1.17% | N/A |
FCEF vs CEFS Drawdown Comparison
The maximum drawdown for FCEF was -44.80%, occurring on Mar 18, 2020. Recovery took 224 trading sessions.
The maximum drawdown for CEFS was -39.03%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The current FCEF drawdown is -2.02%. The current CEFS drawdown is -2.37%.
| Rank | FCEF | CEFS |
|---|---|---|
| #1 | -44.80% Feb 19, 2020 - Jan 7, 2021 | -39.03% Feb 20, 2020 - Nov 20, 2020 |
| #2 | -25.29% Sep 7, 2021 - Jul 16, 2024 | -16.84% Nov 16, 2021 - Feb 2, 2023 |
| #3 | -17.78% Aug 29, 2018 - Apr 5, 2019 | -16.63% Jan 25, 2018 - Feb 22, 2019 |
| #4 | -12.39% Feb 18, 2025 - Jun 3, 2025 | -13.36% Feb 18, 2025 - Jun 4, 2025 |
| #5 | -7.03% Mar 2, 2026 - Apr 30, 2026 | -11.03% Aug 1, 2023 - Nov 30, 2023 |
| #6 | -6.94% Oct 10, 2016 - Jan 5, 2017 | -9.98% Feb 2, 2023 - Jun 12, 2023 |
| #7 | -6.90% Jan 26, 2018 - Jul 24, 2018 | -5.93% Jul 15, 2024 - Aug 27, 2024 |
| #8 | -5.39% Dec 5, 2024 - Feb 5, 2025 | -5.85% Mar 28, 2024 - May 10, 2024 |
| #9 | -4.87% Jul 12, 2021 - Aug 12, 2021 | -5.66% Feb 26, 2026 - Apr 9, 2026 |
| #10 | -4.52% Jul 31, 2024 - Aug 19, 2024 | -4.45% Dec 11, 2024 - Jan 17, 2025 |
| #11 | -4.07% May 6, 2019 - Jun 18, 2019 | -4.29% May 3, 2019 - Jun 20, 2019 |
| #12 | -3.94% Jul 16, 2019 - Sep 13, 2019 | -3.73% Jul 17, 2019 - Oct 16, 2019 |
| #13 | -3.57% Oct 13, 2017 - Dec 28, 2017 | -3.66% Dec 28, 2023 - Jan 26, 2024 |
| #14 | -3.55% Aug 1, 2017 - Sep 18, 2017 | -3.28% Oct 30, 2025 - Nov 28, 2025 |
| #15 | -3.23% Feb 12, 2021 - Mar 15, 2021 | -3.13% Oct 24, 2017 - Dec 20, 2017 |
Correlation
Correlation between FCEF and CEFS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2016 - 2026)
FCEF vs CEFS dividend yield comparison.
| Year | FCEF | CEFS |
|---|---|---|
| 2026 | 2.90% | 2.80% |
| 2025 | 7.05% | 7.84% |
| 2024 | 7.13% | 8.79% |
| 2023 | 7.17% | 9.20% |
| 2022 | 7.26% | 11.32% |
| 2021 | 4.74% | 10.73% |
| 2020 | 5.03% | 8.61% |
| 2019 | 5.07% | 8.10% |
| 2018 | 5.96% | 10.43% |
| 2017 | 4.90% | 5.02% |
| 2016 | 1.51% | 0.00% |
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