CEFS vs FCEF
Saba Opportunistically Hedged Closed-End Funds ETF against First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
14%
16 shared positions
Fee gap
108 bp
CEFS is cheaper
1-year return gap
7.9 pts
CEFS is ahead
Larger fund
CEFS
$432M
Side by side
| CEFS | FCEF | |
|---|---|---|
| Fund | Saba Opportunistically Hedged Closed-End Funds ETF | First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF |
| Issuer | Saba | First Trust |
| Category | Multi-Strategy | Multisector Bond |
| Expense ratio | 2.61% | 3.69% |
| Assets | $432M | $81M |
| Average daily dollar volume | $2.0M | $336K |
| Listed | Mar 20, 2017 | Sep 27, 2016 |
| FrenzyCap score | 36 | 26 |
| 1-month return | −2.0% | −2.9% |
| 3-month return | −2.9% | −4.4% |
| Year to date | +6.6% | −0.2% |
| 1-year return | +7.0% | −0.9% |
| 30-day volatility | 10.5% | 7.8% |
| Worst drawdown, 1 year | −6.3% | −7.6% |
| Trailing 12-month yield | 7.79% | 7.14% |
| Holdings | 74 | 60 |
| Top 10 weight | 50.8% | 30.9% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$2.8M thru May 2026 | +$3.6M thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 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
17% of CEFS · 25% of FCEF
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · CEFS holdings · FCEF 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.