SABA vs SPY
Comparison between Saba Capital Income & Opportunities Fund II (SABA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SABA, delivering a return of +13.3% compared to +3.3%
SABA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SABA vs SPY - Historical Returns
Returns include dividend reinvestment.
SABA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SABA | SPY |
|---|---|---|
| 2026 | +4.05% | +8.26% |
| 2025 | -0.36% | +18.00% |
| 2024 | +30.60% | +25.59% |
| 2023 | -2.49% | +26.72% |
| 2022 | -10.03% | -18.64% |
| 2021 | +0.85% | +30.52% |
| 2020 | -6.97% | +17.28% |
| 2019 | +7.83% | +31.09% |
| 2018 | -1.09% | -5.24% |
| 2017 | +4.29% | +20.78% |
| 2016 | +7.19% | +13.59% |
| 2015 | -8.97% | +1.31% |
| 2014 | -1.42% | +14.56% |
| 2013 | -10.00% | +29.00% |
| 2012 | +8.19% | +14.17% |
| 2011 | -1.92% | +0.85% |
| 2010 | +28.24% | +13.14% |
| 2009 | +28.22% | +22.67% |
| 2008 | +5.53% | -36.25% |
| 2007 | +1.68% | +5.32% |
| 2006 | +27.46% | +13.85% |
| 2005 | -10.92% | +5.32% |
| 2004 | +15.00% | +10.75% |
| 2003 | +32.39% | +24.18% |
| 2002 | +30.60% | -22.42% |
| 2001 | +9.30% | -10.13% |
| 2000 | +14.21% | -8.84% |
| 1999 | -6.31% | +8.61% |
SABA vs SPY Drawdown Comparison
The maximum drawdown for SABA was -32.40%, occurring on Mar 18, 2020. Recovery took 2975 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SABA drawdown is -4.38%. The current SPY drawdown is -2.90%.
| Rank | SABA | SPY |
|---|---|---|
| #1 | -32.40% Feb 1, 2013 - Nov 26, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -27.20% Mar 13, 2008 - May 8, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -22.25% Dec 29, 2003 - Oct 22, 2004 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.81% Aug 30, 2011 - Jan 8, 2013 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.65% Mar 8, 2005 - May 2, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.99% Jan 30, 2025 - Jun 16, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.59% Jul 25, 2007 - Sep 28, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.36% Jun 28, 2002 - Dec 13, 2002 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.95% Apr 20, 2010 - Jul 30, 2010 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.96% Nov 2, 1999 - Jun 26, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.59% Nov 8, 2007 - Jan 10, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.47% Aug 13, 2025 - Feb 6, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.17% May 27, 2003 - Oct 2, 2003 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.64% Oct 19, 2009 - Nov 20, 2009 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.53% Aug 3, 2011 - Aug 30, 2011 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SABA and SPY is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
SABA vs SPY dividend yield comparison.
| Year | SABA | SPY |
|---|---|---|
| 2026 | 3.48% | 0.24% |
| 2025 | 9.65% | 1.07% |
| 2024 | 8.32% | 1.21% |
| 2023 | 11.43% | 1.40% |
| 2022 | 9.14% | 1.65% |
| 2021 | 7.19% | 1.20% |
| 2020 | 4.00% | 1.52% |
| 2019 | 6.68% | 1.75% |
| 2018 | 5.81% | 2.04% |
| 2017 | 4.44% | 1.80% |
| 2016 | 4.63% | 2.03% |
| 2015 | 4.72% | 2.06% |
| 2014 | 9.27% | 1.87% |
| 2013 | 8.43% | 1.81% |
| 2012 | 7.98% | 2.18% |
| 2011 | 12.28% | 2.05% |
| 2010 | 12.58% | 1.80% |
| 2009 | 5.31% | 1.95% |
| 2008 | 17.28% | 3.02% |
| 2007 | 12.69% | 1.85% |
| 2006 | 9.37% | 1.73% |
| 2005 | 9.87% | 1.73% |
| 2004 | 6.30% | 1.82% |
| 2003 | 5.71% | 1.47% |
| 2002 | 7.66% | 1.70% |
| 2001 | 9.26% | 1.25% |
| 2000 | 8.89% | 1.15% |
| 1999 | 1.70% | 0.24% |
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