CEFSvsRTAIETF Comparison
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Saba Closed-End Funds ETF (CEFS) belongs to the Multi-Asset: Other segment. Rareview Tax Advantaged Income ETF (RTAI) is part of the Municipal Bonds segment. CEFS's top 2 sector exposures are Non-Corporate and Finance. In contrast, RTAI's top sector exposures are Non-Corporate. CEFS is less expensive with a Total Expense Ratio (TER) of 2.61%, versus 5.24% for RTAI. CEFS is up 17.21% year-to-date (YTD) with +$34M in YTD flows. RTAI performs worse with 0.95% YTD performance, and +$5K in YTD flows. Run a side-by-side ETF comparison of CEFS and RTAI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CEFS vs RTAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CEFS RTAI | +3.12%+0.44% | +1.42%-1.33% | +17.21%+0.95% | +22.48%+7.05% | +77.60%+23.12% | +92.90%-8.37% |
| Flows | CEFS RTAI | +$3M- | +$18M- | +$34M+$5K | +$76M+$5K | +$227M-$4M | +$282M+$11M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFS RTAI | +10.62%+6.56% | +9.18%+7.24% | +10.55%+8.72% | +12.21%+9.44% |
| Max drawdown | CEFS RTAI | -4.11%-3.95% | -4.75%-6.27% | -12.48%-11.43% | -16.51%-34.49% |
| Max drawdown duration | CEFS RTAI | 51d63d | 41d115d | 104d76d | 436d1811d |
Trading data
CEFS | RTAI | |
Last sale 9/1/2026 at 1:30 PM | $25.25 | $20.73 |
| Previous close 08/31/2026 | $25.29 | $20.88 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
CEFS | RTAI | |
|---|---|---|
| Last price | $25.25 | $20.73 |
| 1D performance | -0.16% | -0.74% |
| AuM | $438.21 M | $17.66 M |
| E/R | 2.61% | 5.24% |
Characteristics
CEFS | RTAI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Saba Capital | Rareview Capital |
| Benchmark | - | - |
| N° of holdings | 24 | 6 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2017 | October 21, 2020 |
| ESG | No | No |
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Exposure
Countries
CEFS
USA
35.86%
Other
64.14%
RTAI
USA
49.81%
Other
50.19%
Sectors
CEFS
Non-Corporate
35.41%
Other
64.59%
RTAI
Non-Corporate
49.81%
Other
50.19%
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Diversification
CEFS
Total weight of top 15 holdings out of 15
58.26%
RTAI
Total weight of top 10 holdings out of 10
97.1%
Top 15 holdings
Data as of July 31, 2026
CEFS
US09260K1016
11.41%
Virtus Dividend Interest & Premium Strategy Fund
6.95%
ASA Gold & Precious Metals Ltd.
6.61%
BlackRock ESG Capital Allocation Term Trust
4.82%
US7809151043
3.58%
US36242H1041
3.24%
US3688021043
2.91%
PIMCO Dynamic Income Strategy Fund
2.90%
Neuberger Next Generation Connectivity Fund Inc.
2.57%
US6706EW1000
2.51%
US64129H1041
2.39%
US92835W1071
2.25%
US5928351023
2.16%
BlackRock Technology & Private Equity Term Trust
2.05%
US8954361031
1.89%
RTAI
US09253N1046
17.19%
BlackRock MuniYield Quality Fund, Inc.
13.32%
BlackRock MuniYield Quality Fund III, Inc.
13.30%
US64124P1012
12.83%
Eaton Vance Municipal Bond Fund
11.02%
US95766M1053
10.49%
PIMCO Municipal Income Fund II
7.08%
BlackRock MuniHoldings California Quality Fund, Inc.
5.09%
US01864U1060
3.50%
US56064K1007
3.28%
Frequently asked questions about CEFS and RTAI
How have the CEFS and RTAI ETFs performed in 2026?
As of August 31, 2026, CEFS is up 17.21% year-to-date (YTD), while RTAI has returned 0.95%. That puts CEFS better performer ahead so far this year.
Which ETF is attracting more investor money: CEFS or RTAI?
Year-to-date, the CEFS ETF saw +$34M in flows, compared to +$5K for RTAI.
Which ETF is more volatile: CEFS or RTAI?
Over the past year, CEFS had a volatility of 9.18%, while RTAI experienced 7.24%.
Which ETF is bigger: CEFS or RTAI?
As of August 31, 2026, CEFS holds $438.21 M in assets under management (AUM), while RTAI manages $17.66 M.
What sectors do the CEFS and RTAI ETFs invest in?
CEFS leans toward sectors like Non-Corporate. Meanwhile, RTAI focuses on Non-Corporate.
What are the top holdings of the CEFS ETF and RTAI ETF?
CEFS top holdings include US09260K1016, Virtus Dividend Interest & Premium Strategy Fund and ASA Gold & Precious Metals Ltd.. RTAI holds in its top three: US09253N1046, BlackRock MuniYield Quality Fund, Inc. and BlackRock MuniYield Quality Fund III, Inc..
Which ETF is more diversified: CEFS or RTAI?
CEFS holds 71 securities with 58.26% of its assets in the top 15. RTAI has 10 securities.
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