BRW vs. FRSTX
BRW (Saba Capital Income & Opportunities Fund) and FRSTX (Franklin Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.64%/yr vs 1.25%/yr for FRSTX. At a 0.19 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.89%/yr for FRSTX.
Performance
BRW vs. FRSTX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRW achieves a 3.52% return, which is significantly higher than FRSTX's 0.10% return.
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
FRSTX
- 1D
- 0.00%
- 1M
- -0.14%
- 6M
- -0.26%
- YTD
- 0.10%
- 1Y
- 3.97%
- 3Y*
- 4.84%
- 5Y*
- 1.25%
- 10Y*
- 2.38%
BRW vs. FRSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 3.52% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
FRSTX Franklin Strategic Income Fund | 0.10% | 5.97% | 3.28% | 8.44% | -10.72% | 1.73% |
Correlation
The correlation between BRW and FRSTX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
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 | 0.19 |
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. FRSTX — Risk / Return Rank
BRW
FRSTX
BRW vs. FRSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and Franklin Strategic Income Fund (FRSTX). 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 | FRSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.22 | -1.49 |
| Martin ratioReturn relative to average drawdown | -0.45 | 3.37 | -3.82 |
Loading charts...
Drawdowns
BRW vs. FRSTX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum FRSTX drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for BRW and FRSTX.
Loading charts...
Drawdown Indicators
| BRW | FRSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -19.09% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -2.95% | -14.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -3.40% | -14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -14.83% | -2.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.63% | — |
Current DrawdownCurrent decline from peak | -8.78% | -1.66% | -7.12% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.05% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 1.07% | +9.34% |
Volatility
BRW vs. FRSTX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 3.36% compared to Franklin Strategic Income Fund (FRSTX) at 1.07%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than FRSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRW | FRSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 1.07% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 2.88% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 3.76% | +9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 4.14% | +8.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 4.14% | +8.73% |
BRW vs. FRSTX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than FRSTX's 0.89% expense ratio.
Dividends
BRW vs. FRSTX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.34%, more than FRSTX's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.34% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FRSTX Franklin Strategic Income Fund | 3.94% | 3.36% | 4.74% | 4.56% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% |
Frequently Asked Questions
BRW and FRSTX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.36%) compared to FRSTX (1.07%). In terms of maximum drawdown, BRW dropped -17.74% vs FRSTX's -19.09%.
FRSTX currently has the higher Sharpe Ratio (0.96 vs -0.35), 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 FRSTX
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