BRW vs. JMSIX
BRW (Saba Capital Income & Opportunities Fund) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.64%/yr vs 2.81%/yr for JMSIX. At a 0.19 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.40%/yr for JMSIX.
Performance
BRW vs. JMSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRW achieves a 3.52% return, which is significantly higher than JMSIX's 1.48% return.
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
JMSIX
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.60%
- YTD
- 1.48%
- 1Y
- 5.17%
- 3Y*
- 7.36%
- 5Y*
- 2.81%
- 10Y*
- 3.78%
BRW vs. JMSIX - 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% |
JMSIX JPMorgan Income Fund | 1.48% | 7.68% | 7.78% | 6.14% | -8.24% | 0.80% |
Correlation
The correlation between BRW and JMSIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
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. JMSIX — Risk / Return Rank
BRW
JMSIX
BRW vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and JPMorgan Income Fund (JMSIX). 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 | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.52 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 3.12 | -3.38 |
| Martin ratioReturn relative to average drawdown | -0.45 | 12.99 | -13.43 |
Loading charts...
Drawdowns
BRW vs. JMSIX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, roughly equal to the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for BRW and JMSIX.
Loading charts...
Drawdown Indicators
| BRW | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -18.40% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -1.62% | -16.12% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -2.25% | -15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -11.39% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -8.78% | -0.24% | -8.54% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.55% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 0.39% | +10.02% |
Volatility
BRW vs. JMSIX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 3.36% compared to JPMorgan Income Fund (JMSIX) at 0.65%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRW | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.65% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 1.92% | +6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 2.49% | +10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 3.73% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 3.86% | +9.01% |
BRW vs. JMSIX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
BRW vs. JMSIX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.34%, more than JMSIX's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JMSIX JPMorgan Income Fund | 6.03% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Frequently Asked Questions
BRW and JMSIX have a correlation of 0.11, 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 JMSIX (0.65%). In terms of maximum drawdown, BRW dropped -17.74% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (2.03 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 JMSIX
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