BRW vs. ACP
BRW (Saba Capital Income & Opportunities Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, BRW returned 7.19%/yr vs 0.27%/yr for ACP. Their 0.24 correlation means their historical movements had little consistent relationship. BRW charges 1.71%/yr vs 1.97%/yr for ACP.
Performance
BRW vs. ACP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRW achieves a 3.06% return, which is significantly lower than ACP's 3.47% return.
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%
ACP
- 1D
- -0.20%
- 1M
- -2.74%
- 6M
- -1.41%
- YTD
- 3.47%
- 1Y
- 0.66%
- 3Y*
- 7.17%
- 5Y*
- 0.27%
- 10Y*
- 5.48%
- ALL TIME*
- 3.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.30M | $2.58M | $2.42M | |
| $1.26M | $1.37M | $1.47M |
BRW vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
ACP abrdn Income Credit Strategies Fund | 3.47% | 6.48% | 4.81% | 19.27% | -22.87% | -12.10% |
Correlation
The correlation between BRW and ACP is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
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
BRW vs. ACP — Risk / Return Rank
BRW
ACP
BRW vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and abrdn Income Credit Strategies Fund (ACP). 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.
| BRW | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.02 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.08 | -0.56 |
| Martin ratioReturn relative to average drawdown | -0.80 | 0.22 | -1.02 |
Loading charts...
Drawdowns
BRW vs. ACP - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for BRW and ACP.
Loading charts...
Drawdown Indicators
| BRW | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -51.03% | +33.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -10.51% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -18.97% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -38.83% | +21.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.03% | — |
Current DrawdownCurrent decline from peak | -9.19% | -7.14% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -11.07% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 3.85% | +6.75% |
Volatility
BRW vs. ACP - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 4.03% compared to abrdn Income Credit Strategies Fund (ACP) at 3.79%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRW | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.79% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 10.04% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 12.25% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 17.02% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 21.09% | -8.19% |
BRW vs. ACP - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is lower than ACP's 1.97% expense ratio.
Dividends
BRW vs. ACP - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.41%, less than ACP's 18.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.38% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
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
BRW and ACP have a correlation of 0.22, 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 ACP (3.79%). In terms of maximum drawdown, BRW dropped -17.74% vs ACP's -51.03%.
ACP currently has the higher Sharpe Ratio (0.07 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 BRW and ACP
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