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SPXU vs CEFS

Comparison between ProShares UltraPro Short S&P 500 (SPXU, ETF) and SABA CLOSED-END FUNDS ETF (CEFS, ETF).

5-Year PerformanceCEFS has outperformed SPXU, delivering a return of +14.1% compared to -33.3%

SPXU vs CEFS - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
SPXU
$427M
Winner
CEFS
$427M
Expense Ratio
SPXU
N/A
CEFS
2.61%
Max Drawdown
SPXU
99.99%
Winner
CEFS
41.61%
Sharpe Ratio
SPXU
-1.25
Winner
CEFS
1.47
5Y Beta
Winner
SPXU
-1.61
CEFS
0.54
5Y Dividends CAGR
SPXU
N/A
CEFS
2.98%

SPXU vs CEFS - Historical Returns

Returns include dividend reinvestment.

1M
Winner
SPXU
-0.95%
CEFS
-1.82%
3M
SPXU
-16.29%
Winner
CEFS
+6.08%
6M
SPXU
-23.21%
Winner
CEFS
+13.33%
1Y
SPXU
-39.35%
Winner
CEFS
+21.02%
5Y(CAGR)
SPXU
-33.28%
Winner
CEFS
+14.07%
10Y(CAGR)
SPXU
-41.16%
Winner
CEFS
+11.89%
Max(CAGR)
SPXU
-42.42%
Winner
CEFS
+11.89%

SPXU vs CEFS - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

YearSPXUCEFS
2026-23.83%+14.77%
2025-42.26%+16.85%
2024-44.36%+23.95%
2023-46.82%+21.43%
2022+38.93%-7.25%
2021-59.51%+18.25%
2020-69.58%+3.04%
2019-56.23%+27.73%
2018+6.18%-9.86%
2017-42.98%+7.63%
2016-38.28%N/A
2015-16.75%N/A
2014-38.65%N/A
2013-56.86%N/A
2012-39.74%N/A
2011-30.34%N/A
2010-43.79%N/A
2009-50.48%N/A

SPXU vs CEFS Drawdown Comparison

The maximum drawdown for SPXU was -99.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for CEFS was -39.03%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.

The current SPXU drawdown is -99.99%. The current CEFS drawdown is -2.06%.

RankSPXUCEFS
#1-99.99%
Jul 10, 2009 - Jun 2, 2026
-39.03%
Feb 20, 2020 - Nov 20, 2020
#2-2.98%
Jun 26, 2009 - Jul 2, 2009
-16.84%
Nov 16, 2021 - Feb 2, 2023
#3-0.23%
Jul 2, 2009 - Jul 7, 2009
-16.63%
Jan 25, 2018 - Feb 22, 2019
#4-0.23%
Jul 7, 2009 - Jul 10, 2009
-13.36%
Feb 18, 2025 - Jun 4, 2025
#5N/A-11.03%
Aug 1, 2023 - Nov 30, 2023
#6N/A-9.98%
Feb 2, 2023 - Jun 12, 2023
#7N/A-5.93%
Jul 15, 2024 - Aug 27, 2024
#8N/A-5.85%
Mar 28, 2024 - May 10, 2024
#9N/A-5.66%
Feb 26, 2026 - Apr 9, 2026
#10N/A-4.45%
Dec 11, 2024 - Jan 17, 2025
#11N/A-4.29%
May 3, 2019 - Jun 20, 2019
#12N/A-3.73%
Jul 17, 2019 - Oct 16, 2019
#13N/A-3.66%
Dec 28, 2023 - Jan 26, 2024
#14N/A-3.28%
Oct 30, 2025 - Nov 28, 2025
#15N/A-3.13%
Oct 24, 2017 - Dec 20, 2017

Correlation

Correlation between SPXU and CEFS is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68
-101

Dividend Comparison (2017 - 2026)

SPXU vs CEFS dividend yield comparison.

YearSPXUCEFS
20262.26%3.33%
20257.02%7.84%
20249.53%8.79%
20237.06%9.20%
20220.39%11.32%
20210.00%10.73%
20200.70%8.61%
20192.14%8.10%
20181.41%10.43%
20170.10%5.02%

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