AAINX vs. BRW
AAINX (Thrivent Opportunity Income Plus Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, AAINX returned 1.94%/yr vs 7.19%/yr for BRW. Their 0.24 correlation means their historical movements had little consistent relationship. AAINX charges 0.88%/yr vs 1.71%/yr for BRW.
Performance
AAINX vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAINX achieves a 0.90% return, which is significantly lower than BRW's 3.06% return.
AAINX
- 1D
- 0.11%
- 1M
- -0.98%
- 6M
- 0.30%
- YTD
- 0.90%
- 1Y
- 4.11%
- 3Y*
- 5.62%
- 5Y*
- 1.94%
- 10Y*
- 2.75%
- ALL TIME*
- 4.15%
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.26M | $1.37M | $1.47M |
AAINX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AAINX Thrivent Opportunity Income Plus Fund | 0.90% | 7.82% | 4.90% | 7.77% | -10.57% | 1.36% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between AAINX and BRW is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAINX vs. BRW — Risk / Return Rank
AAINX
BRW
AAINX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thrivent Opportunity Income Plus Fund (AAINX) and Saba Capital Income & Opportunities Fund (BRW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAINX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.90 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.48 | +2.42 |
| Martin ratioReturn relative to average drawdown | 8.11 | -0.80 | +8.91 |
Loading charts...
Drawdowns
AAINX vs. BRW - Drawdown Comparison
The maximum AAINX drawdown since its inception was -15.72%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for AAINX and BRW.
Loading charts...
Drawdown Indicators
| AAINX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -17.74% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -17.74% | +15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -17.74% | +14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.18% | -17.74% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -15.28% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -9.19% | +8.11% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -4.10% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 10.60% | -10.01% |
Volatility
AAINX vs. BRW - Volatility Comparison
The current volatility for Thrivent Opportunity Income Plus Fund (AAINX) is 0.66%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that AAINX experiences smaller price fluctuations and is considered to be less risky than BRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAINX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.03% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 8.85% | -6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 13.66% | -10.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.03% | 13.01% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.89% | 12.90% | -9.01% |
AAINX vs. BRW - Expense Ratio Comparison
AAINX has a 0.88% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
AAINX vs. BRW - Dividend Comparison
AAINX's dividend yield for the trailing twelve months is around 4.29%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAINX Thrivent Opportunity Income Plus Fund | 4.29% | 4.62% | 4.78% | 3.88% | 4.00% | 2.74% | 2.99% | 3.76% | 4.04% | 3.28% | 3.55% | 3.88% |
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAINX and BRW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.03%) compared to AAINX (0.66%). In terms of maximum drawdown, AAINX dropped -15.72% vs BRW's -17.74%.
AAINX currently has the higher Sharpe Ratio (1.72 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AAINX and BRW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer