ASIEX vs. BRW
ASIEX (American Century Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, ASIEX returned 1.72%/yr vs 7.33%/yr for BRW. At a 0.18 correlation, their price movements are largely independent. ASIEX charges 0.73%/yr vs 1.71%/yr for BRW.
Performance
ASIEX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, ASIEX achieves a 0.58% return, which is significantly lower than BRW's 4.77% return.
ASIEX
- 1D
- 0.11%
- 1M
- -0.23%
- 6M
- 0.36%
- YTD
- 0.58%
- 1Y
- 5.05%
- 3Y*
- 6.10%
- 5Y*
- 1.72%
- 10Y*
- 3.43%
BRW
- 1D
- 0.30%
- 1M
- 3.91%
- 6M
- 4.38%
- YTD
- 4.77%
- 1Y
- -3.04%
- 3Y*
- 10.24%
- 5Y*
- 7.33%
- 10Y*
- —
ASIEX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 0.58% | 8.01% | 4.91% | 7.22% | -11.12% | 1.71% |
BRW Saba Capital Income & Opportunities Fund | 4.77% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between ASIEX and BRW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.18 |
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Return for Risk
ASIEX vs. BRW — Risk / Return Rank
ASIEX
BRW
ASIEX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Strategic Income Fund (ASIEX) 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.
| ASIEX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.17 | +1.66 |
| Martin ratioReturn relative to average drawdown | 5.35 | -0.29 | +5.64 |
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Drawdowns
ASIEX vs. BRW - Drawdown Comparison
The maximum ASIEX drawdown since its inception was -14.31%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for ASIEX and BRW.
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Drawdown Indicators
| ASIEX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -17.74% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -17.74% | +14.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -17.74% | +13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -17.74% | +3.43% |
Max Drawdown (10Y)Largest decline over 10 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -7.68% | +6.65% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -4.06% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 10.43% | -9.55% |
Volatility
ASIEX vs. BRW - Volatility Comparison
The current volatility for American Century Strategic Income Fund (ASIEX) is 0.82%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.28%. This indicates that ASIEX 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.
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Volatility by Period
| ASIEX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 3.28% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 8.40% | -5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 13.44% | -10.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 12.98% | -8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 12.87% | -8.90% |
ASIEX vs. BRW - Expense Ratio Comparison
ASIEX has a 0.73% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
ASIEX vs. BRW - Dividend Comparison
ASIEX's dividend yield for the trailing twelve months is around 5.34%, less than BRW's 15.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 5.34% | 5.53% | 5.80% | 5.15% | 2.88% | 5.39% | 3.58% | 3.07% | 3.95% | 3.16% | 3.53% | 4.23% |
BRW Saba Capital Income & Opportunities Fund | 15.16% | 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
ASIEX 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 (3.28%) compared to ASIEX (0.82%). In terms of maximum drawdown, ASIEX dropped -14.31% vs BRW's -17.74%.
ASIEX currently has the higher Sharpe Ratio (1.40 vs -0.23), 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.
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