SMLV vs SABA

Comparison between STATE STREET(R) SPDR(R) US SMALL CAP LOW VOLATILITY INDEX ETF (SMLV, ETF) and Saba Capital Income & Opportunities Fund II (SABA, ETF).

5-Year PerformanceSMLV has outperformed SABA, delivering a return of +9.9% compared to +3.7%

SMLV vs SABA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMLV(ETF)	SABA(ETF)
Net Assets	$258M	$259M
Expense Ratio	0.12%	N/A
Max Drawdown	42.87%	67.26%
Sharpe Ratio	1.50	-0.41
5Y Beta	0.72	0.41
P/E Ratio	26.52	N/A
Forward P/E	14.38	N/A
5Y Dividends CAGR	12.18%	9.48%
5Y EPS CAGR	11.43%	N/A
Debt to Equity	63.23%	N/A
P/S Ratio	1.67	N/A
P/B Ratio	1.80	N/A

Net Assets

SMLV

$258M

Winner

SABA

$259M

Expense Ratio

SMLV

0.12%

SABA

N/A

Max Drawdown

Winner

SMLV

42.87%

SABA

67.26%

Sharpe Ratio

Winner

SMLV

1.50

SABA

-0.41

5Y Beta

SMLV

0.72

Winner

SABA

0.41

P/E Ratio

SMLV

26.52

SABA

N/A

Forward P/E

SMLV

14.38

SABA

N/A

5Y Dividends CAGR

Winner

SMLV

12.18%

SABA

9.48%

5Y EPS CAGR

SMLV

11.43%

SABA

N/A

Debt to Equity

SMLV

63.23%

SABA

N/A

P/S Ratio

SMLV

1.67

SABA

N/A

P/B Ratio

SMLV

1.80

SABA

N/A

SMLV vs SABA - Historical Returns

Returns include dividend reinvestment.

Period	SMLV	SABA
1 month	+0.55%	+0.21%
3 months	+8.63%	-0.55%
6 months	+13.89%	+4.90%
1 year	+24.04%	-3.07%
5 years(CAGR)	+9.86%	+3.71%
10 years(CAGR)	+10.36%	+2.82%
Max(CAGR)	+11.08%	+6.94%

Winner

SMLV

+0.55%

SABA

+0.21%

Winner

SMLV

+8.63%

SABA

-0.55%

Winner

SMLV

+13.89%

SABA

+4.90%

Winner

SMLV

+24.04%

SABA

-3.07%

5Y(CAGR)

Winner

SMLV

+9.86%

SABA

+3.71%

10Y(CAGR)

Winner

SMLV

+10.36%

SABA

+2.82%

Max(CAGR)

Winner

SMLV

+11.08%

SABA

+6.94%

SMLV vs SABA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SMLV	SABA
2026	+23.03%	+4.34%
2025	+6.66%	-0.36%
2024	+17.20%	+30.60%
2023	+7.45%	-2.49%
2022	-8.11%	-10.03%
2021	+29.84%	+0.85%
2020	-1.27%	-6.97%
2019	+23.87%	+7.83%
2018	-6.82%	-1.09%
2017	+4.97%	+4.29%
2016	+33.71%	+7.19%
2015	-0.90%	-8.97%
2014	+15.16%	-1.42%
2013	+23.62%	-10.00%
2012	N/A	+8.19%
2011	N/A	-1.92%
2010	N/A	+28.24%
2009	N/A	+28.22%
2008	N/A	+5.53%
2007	N/A	+1.68%
2006	N/A	+27.46%
2005	N/A	-10.92%
2004	N/A	+15.00%
2003	N/A	+32.39%
2002	N/A	+30.60%
2001	N/A	+9.30%
2000	N/A	+14.21%
1999	N/A	-6.31%

SMLV vs SABA Drawdown Comparison

The maximum drawdown for SMLV was -42.43%, occurring on Mar 23, 2020. Recovery took 245 trading sessions.

The maximum drawdown for SABA was -32.40%, occurring on Mar 18, 2020. Recovery took 2975 trading sessions.

The current SMLV drawdown is -2.05%. The current SABA drawdown is -4.10%.

Rank	SMLV	SABA
#1	-42.43% Jan 16, 2020 - Jan 6, 2021	-32.40% Feb 1, 2013 - Nov 26, 2024
#2	-20.42% Nov 25, 2024 - Jan 12, 2026	-27.20% Mar 13, 2008 - May 8, 2009
#3	-18.95% Jan 4, 2022 - Jul 11, 2024	-22.25% Dec 29, 2003 - Oct 22, 2004
#4	-18.82% Aug 31, 2018 - Sep 13, 2019	-18.81% Aug 30, 2011 - Jan 8, 2013
#5	-14.30% Dec 1, 2015 - Apr 27, 2016	-18.65% Mar 8, 2005 - May 2, 2006
#6	-9.84% Apr 2, 2015 - Nov 27, 2015	-14.99% Jan 30, 2025 - Jun 16, 2025
#7	-8.94% Jul 26, 2024 - Sep 19, 2024	-13.59% Jul 25, 2007 - Sep 28, 2007
#8	-8.39% Nov 29, 2017 - May 25, 2018	-12.36% Jun 28, 2002 - Dec 13, 2002
#9	-7.34% Feb 6, 2026 - Apr 9, 2026	-11.95% Apr 20, 2010 - Jul 30, 2010
#10	-7.13% Sep 3, 2014 - Oct 29, 2014	-10.96% Nov 2, 1999 - Jun 26, 2000
#11	-7.06% Nov 5, 2021 - Jan 4, 2022	-10.59% Nov 8, 2007 - Jan 10, 2008
#12	-6.76% Mar 12, 2021 - Jun 8, 2021	-10.47% Aug 13, 2025 - Feb 6, 2026
#13	-6.75% Jun 8, 2021 - Oct 20, 2021	-10.17% May 27, 2003 - Oct 2, 2003
#14	-6.43% Jun 8, 2016 - Jul 11, 2016	-9.64% Oct 19, 2009 - Nov 20, 2009
#15	-6.29% Jan 4, 2017 - Apr 26, 2017	-9.53% Aug 3, 2011 - Aug 30, 2011

Correlation

Correlation between SMLV and SABA is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.59

-101

Dividend Comparison (1999 - 2026)

SMLV vs SABA dividend yield comparison.

Year	SMLV	SABA
2026	1.02%	5.67%
2025	2.74%	9.65%
2024	2.68%	8.32%
2023	2.68%	11.43%
2022	2.40%	9.14%
2021	2.12%	7.19%
2020	2.47%	4.00%
2019	2.62%	6.68%
2018	3.15%	5.81%
2017	7.92%	4.44%
2016	3.04%	4.63%
2015	2.63%	4.72%
2014	2.76%	9.27%
2013	3.68%	8.43%
2012	0.00%	7.98%
2011	0.00%	12.28%
2010	0.00%	12.58%
2009	0.00%	5.31%
2008	0.00%	17.28%
2007	0.00%	12.69%
2006	0.00%	9.37%
2005	0.00%	9.87%
2004	0.00%	6.30%
2003	0.00%	5.71%
2002	0.00%	7.66%
2001	0.00%	9.26%
2000	0.00%	8.89%
1999	0.00%	1.70%