CCEF vs CEFS
Calamos CEF Income & Arbitrage ETF against Saba Opportunistically Hedged Closed-End Funds ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
13%
20 shared positions
Fee gap
58 bp
CEFS is cheaper
1-year return gap
8.4 pts
CEFS is ahead
Larger fund
CEFS
$432M
Side by side
| CCEF | CEFS | |
|---|---|---|
| Fund | Calamos CEF Income & Arbitrage ETF | Saba Opportunistically Hedged Closed-End Funds ETF |
| Issuer | Calamos | Saba |
| Category | Merger Arbitrage & Event | Multi-Strategy |
| Expense ratio | 3.19% | 2.61% |
| Assets | $34M | $432M |
| Average daily dollar volume | $137K | $2.0M |
| Listed | Jan 12, 2024 | Mar 20, 2017 |
| FrenzyCap score | 20 | 36 |
| 1-month return | −2.8% | −2.0% |
| 3-month return | −3.3% | −2.9% |
| Year to date | −0.7% | +6.6% |
| 1-year return | −1.4% | +7.0% |
| 30-day volatility | 8.9% | 10.5% |
| Worst drawdown, 1 year | −8.3% | −6.3% |
| Trailing 12-month yield | 8.29% | 7.79% |
| Holdings | 54 | 74 |
| Top 10 weight | 31.3% | 50.8% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$2.2M thru Jul 2026 | +$2.8M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jul 31, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
43% of CCEF · 18% of CEFS
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CCEF holdings · CEFS holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.