BRW vs. ODIDX
BRW (Saba Capital Income & Opportunities Fund) and ODIDX (Oaktree Diversified Income Fund Inc. Class D) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, BRW returned 8.57%/yr vs 9.12%/yr for ODIDX. Their 0.23 correlation means their historical movements had little consistent relationship. BRW charges 1.71%/yr vs 2.10%/yr for ODIDX.
Performance
BRW vs. ODIDX - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a 3.06% return, which is significantly higher than ODIDX's 2.47% return.
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
ODIDX
- 1D
- -0.11%
- 1M
- 0.23%
- 6M
- 2.02%
- YTD
- 2.47%
- 1Y
- 5.35%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.37M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
BRW vs. ODIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | -1.80% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
Correlation
The correlation between BRW and ODIDX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.23 |
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Return for Risk
BRW vs. ODIDX — Risk / Return Rank
BRW
ODIDX
BRW vs. ODIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and Oaktree Diversified Income Fund Inc. Class D (ODIDX). 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 | ODIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.36 | ||
| Sortino ratioReturn per unit of downside risk | -6.71 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.98 | -1.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 4.98 | -5.46 |
| Martin ratioReturn relative to average drawdown | -0.80 | 20.96 | -21.76 |
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Drawdowns
BRW vs. ODIDX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, which is greater than ODIDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for BRW and ODIDX.
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Drawdown Indicators
| BRW | ODIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -13.71% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -1.10% | -16.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -2.29% | -15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | — | — |
Current DrawdownCurrent decline from peak | -9.19% | -0.11% | -9.08% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -3.67% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 0.26% | +10.34% |
Volatility
BRW vs. ODIDX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 4.03% compared to Oaktree Diversified Income Fund Inc. Class D (ODIDX) at 0.30%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than ODIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | ODIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 0.30% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 1.19% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 1.47% | +12.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 3.18% | +9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 3.18% | +9.72% |
BRW vs. ODIDX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is lower than ODIDX's 2.10% expense ratio.
Dividends
BRW vs. ODIDX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.41%, more than ODIDX's 9.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% |
Frequently Asked Questions
BRW and ODIDX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.03%) compared to ODIDX (0.30%). In terms of maximum drawdown, BRW dropped -17.74% vs ODIDX's -13.71%.
ODIDX currently has the higher Sharpe Ratio (3.73 vs -0.62), 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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