BRW vs. LCRDX
BRW (Saba Capital Income & Opportunities Fund) and LCRDX (Lord Abbett Credit Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.92%/yr vs 3.36%/yr for LCRDX. At a 0.27 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 1.39%/yr for LCRDX.
Performance
BRW vs. LCRDX - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a 2.91% return, which is significantly higher than LCRDX's 2.26% return.
BRW
- 1D
- -0.88%
- 1M
- -0.08%
- YTD
- 2.91%
- 6M
- 0.69%
- 1Y
- 1.98%
- 3Y*
- 9.77%
- 5Y*
- 6.92%
- 10Y*
- —
LCRDX
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 2.26%
- 6M
- 1.57%
- 1Y
- 7.65%
- 3Y*
- 8.23%
- 5Y*
- 3.36%
- 10Y*
- —
BRW vs. LCRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 2.91% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
LCRDX Lord Abbett Credit Opportunities Fund | 2.26% | 5.03% | 10.16% | 11.25% | -13.00% | 5.12% |
Correlation
The correlation between BRW and LCRDX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.27 |
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Return for Risk
BRW vs. LCRDX — Risk / Return Rank
BRW
LCRDX
BRW vs. LCRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and Lord Abbett Credit Opportunities Fund (LCRDX). 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.
| BRW | LCRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.40 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.18 | -2.07 |
| Martin ratioReturn relative to average drawdown | 0.20 | 4.94 | -4.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRW | LCRDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.84 | -1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.72 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.92 | -0.35 |
Drawdowns
BRW vs. LCRDX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum LCRDX drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for BRW and LCRDX.
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Drawdown Indicators
| BRW | LCRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -22.75% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -3.64% | -14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -6.95% | -10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -13.62% | -4.12% |
Current DrawdownCurrent decline from peak | -9.32% | -0.06% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -4.28% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.88% | 1.60% | +8.28% |
Volatility
BRW vs. LCRDX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 2.43% compared to Lord Abbett Credit Opportunities Fund (LCRDX) at 1.32%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than LCRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | LCRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 1.32% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 3.17% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 4.30% | +8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 4.68% | +8.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.86% | 5.82% | +7.04% |
BRW vs. LCRDX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than LCRDX's 1.39% expense ratio.
Dividends
BRW vs. LCRDX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.03%, more than LCRDX's 10.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.03% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% |
LCRDX Lord Abbett Credit Opportunities Fund | 10.35% | 9.81% | 9.09% | 9.54% | 5.10% | 9.71% | 4.24% |
Frequently Asked Questions
BRW and LCRDX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (2.43%) compared to LCRDX (1.32%). In terms of maximum drawdown, BRW dropped -17.74% vs LCRDX's -22.75%.
LCRDX currently has the higher Sharpe Ratio (1.84 vs 0.15), 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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