BRW vs. PKBIX
BRW (Saba Capital Income & Opportunities Fund) and PKBIX (Payden/Kravitz Cash Balance Plan Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.18%/yr vs 3.88%/yr for PKBIX. At a 0.18 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 1.25%/yr for PKBIX.
Performance
BRW vs. PKBIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRW achieves a -0.25% return, which is significantly lower than PKBIX's 1.61% return.
BRW
- 1D
- 0.15%
- 1M
- -2.78%
- YTD
- -0.25%
- 6M
- 0.62%
- 1Y
- -4.10%
- 3Y*
- 8.94%
- 5Y*
- 6.18%
- 10Y*
- —
PKBIX
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 1.61%
- 6M
- 1.88%
- 1Y
- 5.33%
- 3Y*
- 6.75%
- 5Y*
- 3.88%
- 10Y*
- 3.57%
BRW vs. PKBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | -0.25% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
PKBIX Payden/Kravitz Cash Balance Plan Fund | 1.61% | 6.75% | 8.14% | 6.21% | -3.89% | 1.41% |
Correlation
The correlation between BRW and PKBIX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
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 | 0.18 |
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. PKBIX — Risk / Return Rank
BRW
PKBIX
BRW vs. PKBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and Payden/Kravitz Cash Balance Plan Fund (PKBIX). 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 | PKBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.65 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.93 | -3.16 |
| Martin ratioReturn relative to average drawdown | -0.40 | 12.45 | -12.85 |
Loading charts...
Drawdowns
BRW vs. PKBIX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum PKBIX drawdown of -19.17%. Use the drawdown chart below to compare losses from any high point for BRW and PKBIX.
Loading charts...
Drawdown Indicators
| BRW | PKBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -19.17% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -1.90% | -15.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -2.11% | -15.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -7.05% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.17% | — |
Current DrawdownCurrent decline from peak | -12.10% | -0.10% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -0.92% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 0.45% | +9.71% |
Volatility
BRW vs. PKBIX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 4.17% compared to Payden/Kravitz Cash Balance Plan Fund (PKBIX) at 0.52%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than PKBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRW | PKBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 0.52% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 1.58% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 1.93% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 2.61% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.89% | 3.33% | +9.56% |
BRW vs. PKBIX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than PKBIX's 1.25% expense ratio.
Dividends
BRW vs. PKBIX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.71%, more than PKBIX's 8.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.71% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PKBIX Payden/Kravitz Cash Balance Plan Fund | 8.12% | 8.25% | 6.95% | 5.55% | 1.94% | 2.18% | 3.57% | 3.32% | 3.27% | 2.50% | 1.70% | 2.00% |
Frequently Asked Questions
BRW and PKBIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.17%) compared to PKBIX (0.52%). In terms of maximum drawdown, BRW dropped -17.74% vs PKBIX's -19.17%.
PKBIX currently has the higher Sharpe Ratio (2.88 vs -0.31), 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 PKBIX
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