09-16-2018, 12:13 AM
On various investment sites, I've noticed a number of folks casually remarking that you'd have been a dope to own income CEFs since 2008 and miss the great equity rally. Just my opinion, but sometimes it pays to actually look and see ;0). Hopefully, this look-see might convince others that some actively managed multi-asset fixed income CEFs are at least worth consideration. The numbers were picked off Fido "performance and risk" tabs.
Asset 10yrTR SD Sharpe
SPY 10 .7 20.0 0.52
PTY 17.4 18.1 0.95
PKO 15.4 11.0 1.20
PCM 14.9 13.8 1.00
PFL 11.4 18.5 0.58
RCS 12.0 8.20 1.36
PCN 15.1 18.0 0.87
ONLY POINT: Every single one of these FI CEFs had a higher 10yr total return, a lower standard deviation, and a higher Sharpe ratio than the popular SPY S&P 500 Index ETF. (Please check my numbers because I could easily have picked an incorrect number by accident.)
Asset 10yrTR SD Sharpe
SPY 10 .7 20.0 0.52
PTY 17.4 18.1 0.95
PKO 15.4 11.0 1.20
PCM 14.9 13.8 1.00
PFL 11.4 18.5 0.58
RCS 12.0 8.20 1.36
PCN 15.1 18.0 0.87
ONLY POINT: Every single one of these FI CEFs had a higher 10yr total return, a lower standard deviation, and a higher Sharpe ratio than the popular SPY S&P 500 Index ETF. (Please check my numbers because I could easily have picked an incorrect number by accident.)