BRW vs. LFLIX
BRW (Saba Capital Income & Opportunities Fund) and LFLIX (BrandywineGLOBAL - Flexible Bond Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.64%/yr vs 2.32%/yr for LFLIX. At a 0.19 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.75%/yr for LFLIX.
Performance
BRW vs. LFLIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BRW having a 3.52% return and LFLIX slightly lower at 3.40%.
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
LFLIX
- 1D
- 0.21%
- 1M
- 0.46%
- 6M
- 2.64%
- YTD
- 3.40%
- 1Y
- 8.12%
- 3Y*
- 6.79%
- 5Y*
- 2.32%
- 10Y*
- —
BRW vs. LFLIX - 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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 3.40% | 8.82% | 2.95% | 9.57% | -10.87% | -0.04% |
Correlation
The correlation between BRW and LFLIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 |
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Return for Risk
BRW vs. LFLIX — Risk / Return Rank
BRW
LFLIX
BRW vs. LFLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and BrandywineGLOBAL - Flexible Bond Fund (LFLIX). 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 | LFLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.29 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.87 | -3.13 |
| Martin ratioReturn relative to average drawdown | -0.45 | 10.15 | -10.60 |
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Drawdowns
BRW vs. LFLIX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, which is greater than LFLIX's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for BRW and LFLIX.
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Drawdown Indicators
| BRW | LFLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -16.73% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -2.72% | -15.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -7.54% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -16.73% | -1.01% |
Current DrawdownCurrent decline from peak | -8.78% | -0.17% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.83% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 0.77% | +9.64% |
Volatility
BRW vs. LFLIX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 3.36% compared to BrandywineGLOBAL - Flexible Bond Fund (LFLIX) at 1.01%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than LFLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | LFLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 1.01% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 3.48% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 4.05% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 5.74% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 5.08% | +7.79% |
BRW vs. LFLIX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than LFLIX's 0.75% expense ratio.
Dividends
BRW vs. LFLIX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.34%, more than LFLIX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LFLIX BrandywineGLOBAL - Flexible Bond Fund | 6.62% | 6.67% | 8.94% | 5.36% | 3.28% | 2.90% | 3.62% | 6.04% | 3.67% | 3.06% |
Frequently Asked Questions
BRW and LFLIX have a correlation of 0.19, 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 LFLIX (1.01%). In terms of maximum drawdown, BRW dropped -17.74% vs LFLIX's -16.73%.
LFLIX currently has the higher Sharpe Ratio (1.93 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.
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