Saba Capital Income & Opportunities Fund (BRW)

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The chart shows the growth of an initial investment of $10,000 in Saba Capital Income & Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Saba Capital Income & Opportunities Fund (BRW) has returned -0.08% so far this year and 0.56% over the past 12 months.

Based on dividend-adjusted daily data since May 5, 2021, BRW's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, your investment would double in approximately 9.3 years.

Historically, 53% of months were positive and 47% were negative. The best month was Jan 2023 with a return of +9.5%, while the worst month was Dec 2022 at -6.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BRW closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +5.4%, while the worst single day was Sep 24, 2025 at -5.6%.

Saba Capital Income & Opportunities Fund has an annualized alpha of 4.62%, beta of 0.29, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since June 04, 2021.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (38.31%) than losses (33.22%) — typical of diversified or defensive assets.
• Beta of 0.29 may look defensive, but with R² of 0.15 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.15 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BRW has a high expense ratio of 1.71%, indicating above-average management fees.

BRW ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and compare them to a chosen benchmark (S&P 500 Index).

Saba Capital Income & Opportunities Fund provided a 15.07% dividend yield over the last twelve months, with an annual payout of $1.02 per share.

The table displays the monthly dividend distributions for Saba Capital Income & Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Saba Capital Income & Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Saba Capital Income & Opportunities Fund was 17.74%, occurring on Feb 17, 2026. The portfolio has not yet recovered.

The current Saba Capital Income & Opportunities Fund drawdown is 11.95%.

The chart below shows the rolling one-month volatility.