CEFS vs NTRL
Saba Opportunistically Hedged Closed-End Funds ETF compared with First Trust Equity Market Neutral ETF on yield, payout growth, payment schedule, cost and risk.
CEFS
Saba Opportunistically Hedged Closed-End Funds ETF
TTM yield · Monthly
NTRL
First Trust Equity Market Neutral ETF
TTM yield · Quarterly
Quick take
- CEFS yields more today: 7.55% vs 2.51% (forward).
- CEFS has grown its payout faster: -4.4%/yr vs -31.4%/yr over the last 1 year.
- CEFS pays every month; NTRL pays every quarter.
- Over the last year CEFS delivered the higher total return: +12.3% vs +5.0% (price change plus payouts).
- NTRL is cheaper to own: 0.95% vs 2.61% expense ratio.
- CEFS has the steadier distribution: consistency 77/100 vs 57/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CEFS | NTRL |
|---|---|---|
| Share price | $23.91 | $21.19 |
| TTM yield | 6.97% | 0.63% |
| Forward yield | 7.55% | 2.51% |
| Annual payout per share | $1.806 | $0.532 |
| Payment frequency | Monthly | Quarterly |
| Next ex-date | Nov 22, 2026 (est.) | Dec 11, 2026 (est.) |
| Expense ratio | 2.61% | 0.95% |
| 1-year payout growth | -4.4% | -31.4% |
| 5-year payout CAGR | -0.2% | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 77/100 | 57/100 |
| 1-year total return | +12.3% | +5.0% |
| 1-year price return | +5.0% | +4.4% |
| Size (market cap / AUM) | 429.6M | 14.2M |
| Years paying | 9.5 | 3.8 |
| 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 | NTRL | |
|---|---|---|
| Shares | 418.2 | 472.0 |
| Income per year | $755 | $251 |
| Income per month (avg) | $63 | $21 |
At forward yields, before taxes. Model CEFS · Model NTRL
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CEFS Nov 22, 2026 | Dec 6, 2026 | $0.1505 | Est. |
| CEFS Dec 21, 2026 | Jan 4, 2027 | $0.1505 | Est. |
| CEFS Jan 19, 2027 | Feb 2, 2027 | $0.1505 | Est. |
| NTRL Dec 11, 2026 | Dec 25, 2026 | $0.133 | Est. |
| NTRL Mar 12, 2027 | Mar 26, 2027 | $0.133 | Est. |
| NTRL Jun 11, 2027 | Jun 25, 2027 | $0.133 | Est. |
Annual payouts per share
CEFSNTRL
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 NTRL?
CEFS currently has the higher trailing yield: CEFS yields 6.97% and NTRL yields 0.63%. Yield changes daily with price, so check the live figures above.
How often do CEFS and NTRL pay?
CEFS pays every month and NTRL pays every quarter. CEFS's next ex-date is Nov 22, 2026 and NTRL's is Dec 11, 2026.
Which has grown its dividend faster, CEFS or NTRL?
CEFS has grown its payout faster: -4.4%/yr vs -31.4%/yr over the last 1 year.
Is CEFS or NTRL better for income?
It depends on what you are optimising for. CEFS and NTRL 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.