Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -2.17% | -4.85% | -7.94% | -8.38% | -7.27% | -14.62% | -1.64% | -6.87% | -4.82% | -4.26% |
| Market-price total return | -1.44% | -4.14% | -5.94% | -4.42% | -0.51% | -6.05% | +6.56% | -0.57% | -0.30% | +0.71% |
| NAV return | 0.00% | -1.37% | -2.91% | -1.89% | -1.27% | -6.03% | +3.64% | -3.45% | -4.19% | -1.78% |
| NAV total return | +0.62% | -0.76% | -1.11% | +1.76% | +4.94% | +2.12% | +11.30% | +2.42% | -0.11% | +2.58% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.06% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.13% | 0.08% | as above |
| Volatility, 5 years | 0.15% | 0.09% | as above |
| Maximum drawdown, 3 years | -14.99% | -9.57% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.22 | 0.96 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.31 | 1.40 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.38 | — | SPY (U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.44 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Saba Capital Income & Opportunities Fund II. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.