Nuveen Churchill Direct Lending (NCDL) vs Saba Capital Income & Opportunities Fund II (SABA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Nuveen Churchill Direct Lending is the larger company by market cap ($537.8 million vs $208.7 million), about 2.6 times the size. On valuation, Saba Capital Income & Opportunities Fund II trades at a lower trailing P/E (8.8x vs 11.5x for Nuveen Churchill Direct Lending). Saba Capital Income & Opportunities Fund II pays a dividend yielding 8.90%, while Nuveen Churchill Direct Lending does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | NCDL | SABA |
|---|---|---|
| Share price | $10.89 | $7.80 |
| Market cap | $537.83M | $208.68M |
| 1-day change | +1.87% | -0.26% |
| YTD return | -19.87% | — |
| 1-year return | -21.57% | — |
| P/E ratio (TTM) | 11.46 | 8.76 |
| Forward P/E | 7.09 | — |
| EPS (TTM) | $0.95 | $0.89 |
| Dividend yield | 14.22% | 8.90% |
| Annual dividend | $0.00 | $0.694 |
| 52-week high | $15.07 | $9.13 |
| 52-week low | $10.54 | $7.77 |
| Distance from 52-week high | -27.74% | -14.57% |
| Analyst consensus | none | — |
| Avg. price target upside | +25.80% | — |
| Average volume | 197.03K | 53.33K |
| Shares outstanding | 49.39M | 26.75M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Nuveen Churchill Direct Lending is about 2.6 times larger than Saba Capital Income & Opportunities Fund II by market value ($537.83M vs $208.68M).
- Nuveen Churchill Direct Lending trades at a higher earnings multiple (11.5x vs 8.8x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (14.22% vs 8.90%).
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
About Saba Capital Income & Opportunities Fund II
SABA stock →Saba Capital Income & Opportunities Fund II is a closed-ended fixed income mutual fund launched and managed by Saba Capital Management, L.P. The fund invests in fixed income markets across the globe.
Financial Services · Asset Management
NCDL vs SABA FAQ
Which is bigger, Nuveen Churchill Direct Lending or Saba Capital Income & Opportunities Fund II?
Nuveen Churchill Direct Lending (NCDL) is larger, with a market capitalization of $537.83M compared with $208.68M for Saba Capital Income & Opportunities Fund II (SABA).
Which has the lower P/E ratio, NCDL or SABA?
SABA has the lower trailing P/E at 8.8, versus 11.5 for NCDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Nuveen Churchill Direct Lending or Saba Capital Income & Opportunities Fund II?
Nuveen Churchill Direct Lending has the higher yield at 14.22%, compared with 8.90% for Saba Capital Income & Opportunities Fund II.
Are Nuveen Churchill Direct Lending and Saba Capital Income & Opportunities Fund II in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.