BWDTX vs. BRW
BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, BWDTX returned 4.22%/yr vs 7.20%/yr for BRW. At a 0.21 correlation, their price movements are largely independent. BWDTX charges 0.40%/yr vs 1.71%/yr for BRW.
Performance
BWDTX vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BWDTX achieves a 2.09% return, which is significantly lower than BRW's 4.15% return.
BWDTX
- 1D
- 0.10%
- 1M
- 0.20%
- 6M
- 1.89%
- YTD
- 2.09%
- 1Y
- 5.66%
- 3Y*
- 6.28%
- 5Y*
- 4.22%
- 10Y*
- —
BRW
- 1D
- -0.60%
- 1M
- 2.04%
- 6M
- 3.76%
- YTD
- 4.15%
- 1Y
- -3.85%
- 3Y*
- 9.83%
- 5Y*
- 7.20%
- 10Y*
- —
BWDTX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 2.09% | 7.14% | 4.92% | 9.80% | -3.16% | 1.50% |
BRW Saba Capital Income & Opportunities Fund | 4.15% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between BWDTX and BRW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.21 |
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
BWDTX vs. BRW — Risk / Return Rank
BWDTX
BRW
BWDTX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and Saba Capital Income & Opportunities Fund (BRW). 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.
| BWDTX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.64 | ||
| Sortino ratioReturn per unit of downside risk | +7.57 | ||
| Omega ratioGain probability vs. loss probability | 2.22 | 0.96 | +1.26 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | -0.22 | +5.92 |
| Martin ratioReturn relative to average drawdown | 28.79 | -0.37 | +29.16 |
Loading charts...
Drawdowns
BWDTX vs. BRW - Drawdown Comparison
The maximum BWDTX drawdown since its inception was -10.06%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for BWDTX and BRW.
Loading charts...
Drawdown Indicators
| BWDTX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -17.74% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -17.74% | +16.74% |
Max Drawdown (3Y)Largest decline over 3 years | -2.21% | -17.74% | +15.53% |
Max Drawdown (5Y)Largest decline over 5 years | -6.35% | -17.74% | +11.39% |
Current DrawdownCurrent decline from peak | 0.00% | -8.23% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -4.06% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 10.44% | -10.24% |
Volatility
BWDTX vs. BRW - Volatility Comparison
The current volatility for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) is 0.38%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.37%. This indicates that BWDTX experiences smaller price fluctuations and is considered to be less risky than BRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BWDTX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 3.37% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 8.42% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 13.46% | -12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.21% | 12.95% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 12.87% | -10.67% |
BWDTX vs. BRW - Expense Ratio Comparison
BWDTX has a 0.40% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
BWDTX vs. BRW - Dividend Comparison
BWDTX's dividend yield for the trailing twelve months is around 5.64%, less than BRW's 15.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.25% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 5.64% | 5.70% | 4.13% | 5.51% | 3.80% | 3.20% | 3.18% | 3.47% | 4.18% | 2.90% | 1.35% |
Frequently Asked Questions
BWDTX and BRW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.37%) compared to BWDTX (0.38%). In terms of maximum drawdown, BWDTX dropped -10.06% vs BRW's -17.74%.
BWDTX currently has the higher Sharpe Ratio (4.35 vs -0.29), 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 BWDTX and BRW
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