CEFS vs MRGR
Saba Opportunistically Hedged Closed-End Funds ETF compared with ProShares Merger ETF on yield, payout growth, payment schedule, cost and risk.
CEFS
Saba Opportunistically Hedged Closed-End Funds ETF
TTM yield · Monthly
MRGR
ProShares Merger ETF
TTM yield · Quarterly
Quick take
- CEFS yields more today: 7.13% vs 0.77% (forward).
- MRGR has grown its payout faster: 67.4%/yr vs 1.5%/yr over the last 5 years.
- CEFS pays every month; MRGR pays every quarter.
- Over the last year CEFS delivered the higher total return: +20.6% vs +9.0% (price change plus payouts).
- MRGR is cheaper to own: 0.75% vs 2.61% expense ratio.
- CEFS has the steadier distribution: consistency 77/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CEFS | MRGR |
|---|---|---|
| Share price | $25.31 | $45.48 |
| TTM yield | 7.13% | 3.06% |
| Forward yield | 7.13% | 0.77% |
| Annual payout per share | $1.806 | $0.348 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Sep 25, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 2.61% | 0.75% |
| 1-year payout growth | -4.0% | -3.0% |
| 5-year payout CAGR | +1.5% | +67.4% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 77/100 | 0/100 |
| 1-year total return | +20.6% | +9.0% |
| 1-year price return | +12.6% | +5.8% |
| Size (market cap / AUM) | 438.2M | 15.9M |
| Years paying | 9.4 | 13.5 |
| 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
| CEFS | MRGR | |
|---|---|---|
| Shares | 395.1 | 219.9 |
| Income per year | $713 | $77 |
| Income per month (avg) | $59 | $6 |
At forward yields, before taxes. Model CEFS · Model MRGR
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| MRGR Sep 23, 2026 | Oct 7, 2026 | $0.087 | Est. |
| MRGR Dec 23, 2026 | Jan 6, 2027 | $0.087 | Est. |
| MRGR Mar 24, 2027 | Apr 7, 2027 | $0.087 | Est. |
Annual payouts per share
CEFSMRGR
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, CEFS or MRGR?
CEFS currently has the higher trailing yield: CEFS yields 7.13% and MRGR yields 3.06%. Yield changes daily with price, so check the live figures above.
How often do CEFS and MRGR pay?
CEFS pays every month and MRGR pays every quarter. CEFS's next ex-date is Sep 25, 2026 and MRGR's is Sep 23, 2026.
Which has grown its dividend faster, CEFS or MRGR?
MRGR has grown its payout faster: 67.4%/yr vs 1.5%/yr over the last 5 years.
Is CEFS or MRGR better for income?
It depends on what you are optimising for. CEFS and MRGR 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.