BRW vs. CBLDX
BRW (Saba Capital Income & Opportunities Fund) and CBLDX (CrossingBridge Low Duration High Yield Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.18%/yr vs 5.22%/yr for CBLDX. At a 0.08 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.88%/yr for CBLDX.
Performance
BRW vs. CBLDX - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a -0.25% return, which is significantly lower than CBLDX's 1.83% return.
BRW
- 1D
- 0.15%
- 1M
- -2.78%
- YTD
- -0.25%
- 6M
- 0.62%
- 1Y
- -4.10%
- 3Y*
- 8.94%
- 5Y*
- 6.18%
- 10Y*
- —
CBLDX
- 1D
- 0.00%
- 1M
- 0.45%
- YTD
- 1.83%
- 6M
- 2.04%
- 1Y
- 4.84%
- 3Y*
- 6.49%
- 5Y*
- 5.22%
- 10Y*
- —
BRW vs. CBLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | -0.25% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
CBLDX CrossingBridge Low Duration High Yield Fund | 1.83% | 6.04% | 7.11% | 7.71% | 0.66% | 3.25% |
Correlation
The correlation between BRW and CBLDX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.08 |
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Return for Risk
BRW vs. CBLDX — Risk / Return Rank
BRW
CBLDX
BRW vs. CBLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and CrossingBridge Low Duration High Yield Fund (CBLDX). 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 | CBLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -5.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.07 | -1.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 6.84 | -7.08 |
| Martin ratioReturn relative to average drawdown | -0.40 | 27.16 | -27.57 |
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Drawdowns
BRW vs. CBLDX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, which is greater than CBLDX's maximum drawdown of -8.15%. Use the drawdown chart below to compare losses from any high point for BRW and CBLDX.
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Drawdown Indicators
| BRW | CBLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -8.15% | -9.59% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -0.73% | -17.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -1.05% | -16.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -1.88% | -15.86% |
Current DrawdownCurrent decline from peak | -12.10% | -0.10% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -0.31% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 0.18% | +9.98% |
Volatility
BRW vs. CBLDX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 4.17% compared to CrossingBridge Low Duration High Yield Fund (CBLDX) at 0.33%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than CBLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | CBLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 0.33% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 1.13% | +7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 1.40% | +11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 1.59% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 1.82% | +11.07% |
BRW vs. CBLDX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than CBLDX's 0.88% expense ratio.
Dividends
BRW vs. CBLDX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.71%, more than CBLDX's 6.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.71% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% |
CBLDX CrossingBridge Low Duration High Yield Fund | 6.22% | 6.43% | 7.12% | 7.65% | 5.07% | 5.13% | 3.97% | 2.85% | 2.18% |
Frequently Asked Questions
BRW and CBLDX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.17%) compared to CBLDX (0.33%). In terms of maximum drawdown, BRW dropped -17.74% vs CBLDX's -8.15%.
CBLDX currently has the higher Sharpe Ratio (3.56 vs -0.31), 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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