ARB vs CEFS
AltShares Merger Arbitrage ETF compared with Saba Opportunistically Hedged Closed-End Funds ETF on yield, payout growth, payment schedule, cost and risk.
ARB
AltShares Merger Arbitrage ETF
TTM yield · Irregular
CEFS
Saba Opportunistically Hedged Closed-End Funds ETF
TTM yield · Monthly
Quick take
- CEFS yields more today: 7.13% vs 0.42% (forward).
- CEFS has grown its payout faster: -4.0%/yr vs -59.2%/yr over the last 1 year.
- Over the last year CEFS delivered the higher total return: +20.6% vs +3.4% (price change plus payouts).
- ARB is cheaper to own: 0.76% vs 2.61% expense ratio.
- CEFS has the steadier distribution: consistency 77/100 vs 35/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | ARB | CEFS |
|---|---|---|
| Share price | $29.80 | $25.31 |
| TTM yield | 0.42% | 7.13% |
| Forward yield | — | 7.13% |
| Annual payout per share | $0.126 | $1.806 |
| Payment frequency | Irregular | Monthly |
| Next ex-date | — | Sep 25, 2026 (est.) |
| Expense ratio | 0.76% | 2.61% |
| 1-year payout growth | -59.2% | -4.0% |
| 5-year payout CAGR | — | +1.5% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 35/100 | 77/100 |
| 1-year total return | +3.4% | +20.6% |
| 1-year price return | +3.0% | +12.6% |
| Size (market cap / AUM) | 102.5M | 438.2M |
| Years paying | 5.7 | 9.4 |
| Sector / category | Event Driven | Event Driven |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| ARB | CEFS | |
|---|---|---|
| Shares | 335.5 | 395.1 |
| Income per year | $42 | $713 |
| Income per month (avg) | $4 | $59 |
At forward yields, before taxes. Model ARB · Model CEFS
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| ARB: no schedule to project | |||
| CEFS Sep 25, 2026 | Oct 9, 2026 | $0.1505 | Est. |
| CEFS Oct 24, 2026 | Nov 7, 2026 | $0.1505 | Est. |
| CEFS Nov 22, 2026 | Dec 6, 2026 | $0.1505 | Est. |
Annual payouts per share
ARBCEFS
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, ARB or CEFS?
CEFS currently has the higher trailing yield: ARB yields 0.42% and CEFS yields 7.13%. Yield changes daily with price, so check the live figures above.
Which has grown its dividend faster, ARB or CEFS?
CEFS has grown its payout faster: -4.0%/yr vs -59.2%/yr over the last 1 year.
Is ARB or CEFS better for income?
It depends on what you are optimising for. ARB and CEFS differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.