CEFS vs CEFZ
Saba Opportunistically Hedged Closed-End Funds ETF against RiverNorth Active Income ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
11%
13 shared positions
Fee gap
21 bp
CEFS is cheaper
1-year return gap
11.2 pts
CEFS is ahead
Larger fund
CEFS
$432M
Side by side
| CEFS | CEFZ | |
|---|---|---|
| Fund | Saba Opportunistically Hedged Closed-End Funds ETF | RiverNorth Active Income ETF |
| Issuer | Saba | RiverNorth |
| Category | Multi-Strategy | Multisector Bond |
| Expense ratio | 2.61% | 2.82% |
| Assets | $432M | $40M |
| Average daily dollar volume | $2.0M | $178K |
| Listed | Mar 20, 2017 | Dec 27, 2006 |
| FrenzyCap score | 36 | 18 |
| 1-month return | −2.0% | −1.7% |
| 3-month return | −2.9% | −3.5% |
| Year to date | +6.6% | −3.4% |
| 1-year return | +7.0% | −4.2% |
| 30-day volatility | 10.5% | 9.1% |
| Worst drawdown, 1 year | −6.3% | −8.3% |
| Trailing 12-month yield | 7.79% | 10.30% |
| Holdings | 74 | 50 |
| Top 10 weight | 50.8% | 51.6% |
| Look-through P/E | — | 19.6 |
| Holdings vs fair value | — | +46.7% |
| Holdings above 200-day average | — | 45% |
| Net flow, latest 3 reported months | +$2.8M thru May 2026 | +$1.4M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Jun 30, 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
21% of CEFS · 37% of CEFZ
Sector mix of the stock holdings
| Sector | CEFS | CEFZ | Gap |
|---|---|---|---|
| Real Estate | 0.0% | 2.0% | −2.0% |
More: full overlap table · CEFS holdings · CEFZ 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.