CEFS vs SPCK
Saba Opportunistically Hedged Closed-End Funds ETF compared with SPAC and New Issue ETF on yield, payout growth, payment schedule, cost and risk.
CEFS
Saba Opportunistically Hedged Closed-End Funds ETF
TTM yield · Monthly
SPCK
SPAC and New Issue ETF
TTM yield · Annual
Quick take
- CEFS yields more today: 7.55% vs 2.27% (forward).
- SPCK has grown its payout faster: 198.2%/yr vs -4.4%/yr over the last 1 year.
- CEFS pays every month; SPCK pays once a year.
- Over the last year CEFS delivered the higher total return: +12.3% vs -12.2% (price change plus payouts).
- SPCK is cheaper to own: 2.32% vs 2.61% expense ratio.
- CEFS has the steadier distribution: consistency 77/100 vs 36/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CEFS | SPCK |
|---|---|---|
| Share price | $23.91 | $21.45 |
| TTM yield | 6.97% | 2.27% |
| Forward yield | 7.55% | 2.27% |
| Annual payout per share | $1.806 | $0.486 |
| Payment frequency | Monthly | Annual |
| Next ex-date | Nov 22, 2026 (est.) | Dec 22, 2026 (est.) |
| Expense ratio | 2.61% | 2.32% |
| 1-year payout growth | -4.4% | +198.2% |
| 5-year payout CAGR | -0.2% | — |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 77/100 | 36/100 |
| 1-year total return | +12.3% | -12.2% |
| 1-year price return | +5.0% | -14.1% |
| Size (market cap / AUM) | 429.6M | 8.1M |
| Years paying | 9.5 | 4.8 |
| 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 | SPCK | |
|---|---|---|
| Shares | 418.2 | 466.2 |
| Income per year | $755 | $227 |
| Income per month (avg) | $63 | $19 |
At forward yields, before taxes. Model CEFS · Model SPCK
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. |
| SPCK Dec 22, 2026 | Dec 24, 2026 | $0.486 | Est. |
Annual payouts per share
CEFSSPCK
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 SPCK?
CEFS currently has the higher trailing yield: CEFS yields 6.97% and SPCK yields 2.27%. Yield changes daily with price, so check the live figures above.
How often do CEFS and SPCK pay?
CEFS pays every month and SPCK pays once a year. CEFS's next ex-date is Nov 22, 2026 and SPCK's is Dec 22, 2026.
Which has grown its dividend faster, CEFS or SPCK?
SPCK has grown its payout faster: 198.2%/yr vs -4.4%/yr over the last 1 year.
Is CEFS or SPCK better for income?
It depends on what you are optimising for. CEFS and SPCK 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.