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 4.63%/yr vs 7.33%/yr for BRW. At a 0.17 correlation, their price movements are largely independent. 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 0.39% return, which is significantly lower than BRW's 4.77% return.
CBRDX
- 1D
- 0.11%
- 1M
- -0.33%
- 6M
- 0.06%
- YTD
- 0.39%
- 1Y
- 2.43%
- 3Y*
- 5.83%
- 5Y*
- 4.63%
- 10Y*
- —
BRW
- 1D
- 0.30%
- 1M
- 3.91%
- 6M
- 4.38%
- YTD
- 4.77%
- 1Y
- -3.04%
- 3Y*
- 10.24%
- 5Y*
- 7.33%
- 10Y*
- —
CBRDX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBRDX CrossingBridge Responsible Credit Fund | 0.39% | 5.01% | 7.21% | 8.00% | 1.49% | 1.14% |
BRW Saba Capital Income & Opportunities Fund | 4.77% | 5.89% | 12.16% | 18.49% | -4.64% | 0.50% |
Correlation
The correlation between CBRDX and BRW is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year 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 | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.97 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.17 | +2.09 |
| Martin ratioReturn relative to average drawdown | 5.09 | -0.29 | +5.38 |
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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 | -1.27% | -17.74% | +16.47% |
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 | -0.82% | -7.68% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -4.06% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 10.43% | -9.95% |
Volatility
CBRDX vs. BRW - Volatility Comparison
The current volatility for CrossingBridge Responsible Credit Fund (CBRDX) is 0.78%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.28%. 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 | 0.78% | 3.28% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 8.40% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 13.44% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.07% | 12.98% | -10.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 12.87% | -10.80% |
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 6.56%, less than BRW's 15.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.16% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% |
CBRDX CrossingBridge Responsible Credit Fund | 6.56% | 7.52% | 8.57% | 8.57% | 6.67% | 1.34% |
Frequently Asked Questions
CBRDX and BRW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.28%) compared to CBRDX (0.78%). In terms of maximum drawdown, CBRDX dropped -2.46% vs BRW's -17.74%.
CBRDX currently has the higher Sharpe Ratio (1.32 vs -0.23), 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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