BRW vs. RGCYX
BRW (Saba Capital Income & Opportunities Fund) and RGCYX (Russell Investments Opportunistic Credit Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.64%/yr vs 3.22%/yr for RGCYX. At a 0.19 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.71%/yr for RGCYX.
Performance
BRW vs. RGCYX - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a 3.52% return, which is significantly higher than RGCYX's 2.42% return.
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
RGCYX
- 1D
- 0.12%
- 1M
- 0.25%
- 6M
- 2.07%
- YTD
- 2.42%
- 1Y
- 6.60%
- 3Y*
- 8.58%
- 5Y*
- 3.22%
- 10Y*
- 4.15%
BRW vs. RGCYX - 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% |
RGCYX Russell Investments Opportunistic Credit Fund | 2.42% | 8.69% | 7.34% | 11.22% | -11.40% | 1.63% |
Correlation
The correlation between BRW and RGCYX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
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. RGCYX — Risk / Return Rank
BRW
RGCYX
BRW vs. RGCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and Russell Investments Opportunistic Credit Fund (RGCYX). 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 | RGCYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.63 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 3.15 | -3.42 |
| Martin ratioReturn relative to average drawdown | -0.45 | 13.59 | -14.04 |
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Drawdowns
BRW vs. RGCYX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum RGCYX drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for BRW and RGCYX.
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Drawdown Indicators
| BRW | RGCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -19.48% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -2.02% | -15.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -2.75% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -16.72% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.48% | — |
Current DrawdownCurrent decline from peak | -8.78% | -0.12% | -8.66% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -2.80% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 0.47% | +9.94% |
Volatility
BRW vs. RGCYX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 3.36% compared to Russell Investments Opportunistic Credit Fund (RGCYX) at 0.51%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than RGCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | RGCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.51% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 1.84% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 2.23% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 3.46% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 4.14% | +8.73% |
BRW vs. RGCYX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than RGCYX's 0.71% expense ratio.
Dividends
BRW vs. RGCYX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.34%, more than RGCYX's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
RGCYX Russell Investments Opportunistic Credit Fund | 6.07% | 5.77% | 5.35% | 4.83% | 4.78% | 4.60% | 3.85% | 6.91% | 5.89% | 4.53% | 4.61% | 4.21% |
Frequently Asked Questions
BRW and RGCYX have a correlation of 0.17, 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 RGCYX (0.51%). In terms of maximum drawdown, BRW dropped -17.74% vs RGCYX's -19.48%.
RGCYX currently has the higher Sharpe Ratio (2.87 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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