CBRDX vs. BRW
CBRDX (CrossingBridge Responsible Credit Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, CBRDX returned 4.62%/yr vs 7.30%/yr for BRW. Their 0.17 correlation means their historical movements had little consistent relationship. CBRDX charges 0.89%/yr vs 1.71%/yr for BRW.
Performance
CBRDX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, CBRDX achieves a 0.22% return, which is significantly lower than BRW's 3.83% return.
CBRDX
- 1D
- 0.23%
- 1M
- 0.62%
- 6M
- -0.40%
- YTD
- 0.22%
- 1Y
- 2.03%
- 3Y*
- 5.50%
- 5Y*
- 4.62%
- 10Y*
- —
- ALL TIME*
- 4.49%
BRW
- 1D
- 0.45%
- 1M
- 1.43%
- 6M
- 8.12%
- YTD
- 3.83%
- 1Y
- -8.12%
- 3Y*
- 8.66%
- 5Y*
- 7.30%
- 10Y*
- —
- ALL TIME*
- 7.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.36M | $1.44M | |
| $0.00 | $0.00 | $0.00 |
CBRDX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBRDX CrossingBridge Responsible Credit Fund | 0.22% | 5.01% | 7.21% | 8.00% | 1.49% | 1.14% |
BRW Saba Capital Income & Opportunities Fund | 3.83% | 5.89% | 12.16% | 18.49% | -4.64% | 0.50% |
Correlation
The correlation between CBRDX and BRW is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.17 |
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Return for Risk
CBRDX vs. BRW — Risk / Return Rank
CBRDX
BRW
CBRDX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Responsible Credit Fund (CBRDX) 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.
| CBRDX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.91 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | -0.46 | +1.65 |
| Martin ratioReturn relative to average drawdown | 3.42 | -0.76 | +4.18 |
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Drawdowns
CBRDX vs. BRW - Drawdown Comparison
The maximum CBRDX drawdown since its inception was -2.46%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for CBRDX and BRW.
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Drawdown Indicators
| CBRDX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -17.74% | +15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -17.74% | +16.02% |
Max Drawdown (3Y)Largest decline over 3 years | -2.46% | -17.74% | +15.28% |
Max Drawdown (5Y)Largest decline over 5 years | -2.46% | -17.74% | +15.28% |
Current DrawdownCurrent decline from peak | -1.00% | -8.51% | +7.51% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -4.11% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 10.63% | -10.03% |
Volatility
CBRDX vs. BRW - Volatility Comparison
The current volatility for CrossingBridge Responsible Credit Fund (CBRDX) is 0.60%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.79%. This indicates that CBRDX 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.
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Volatility by Period
| CBRDX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 3.79% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 8.86% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 13.66% | -11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 13.02% | -10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 12.89% | -10.81% |
CBRDX vs. BRW - Expense Ratio Comparison
CBRDX has a 0.89% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
CBRDX vs. BRW - Dividend Comparison
CBRDX's dividend yield for the trailing twelve months is around 5.71%, less than BRW's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.30% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% |
CBRDX CrossingBridge Responsible Credit Fund | 5.71% | 7.52% | 8.57% | 8.57% | 6.67% | 1.34% |
Frequently Asked Questions
CBRDX and BRW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.79%) compared to CBRDX (0.60%). In terms of maximum drawdown, CBRDX dropped -2.46% vs BRW's -17.74%.
CBRDX currently has the higher Sharpe Ratio (1.04 vs -0.60), 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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