CRMVX vs. BRW
CRMVX (Potomac Managed Volatility Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, CRMVX returned 2.04%/yr vs 7.30%/yr for BRW. Their 0.15 correlation means their historical movements had little consistent relationship. CRMVX charges 1.62%/yr vs 1.71%/yr for BRW.
Performance
CRMVX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, CRMVX achieves a 0.70% return, which is significantly lower than BRW's 3.83% return.
CRMVX
- 1D
- -0.30%
- 1M
- -1.28%
- 6M
- 0.30%
- YTD
- 0.70%
- 1Y
- 3.78%
- 3Y*
- 3.92%
- 5Y*
- 2.04%
- 10Y*
- —
- ALL TIME*
- 2.68%
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 |
CRMVX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CRMVX Potomac Managed Volatility Fund | 0.70% | 4.91% | 1.22% | 0.25% | 4.76% | 1.00% |
BRW Saba Capital Income & Opportunities Fund | 3.83% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between CRMVX and BRW is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.15 |
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Return for Risk
CRMVX vs. BRW — Risk / Return Rank
CRMVX
BRW
CRMVX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Potomac Managed Volatility Fund (CRMVX) 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.
| CRMVX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.46 | +2.38 |
| Martin ratioReturn relative to average drawdown | 5.72 | -0.76 | +6.48 |
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Drawdowns
CRMVX vs. BRW - Drawdown Comparison
The maximum CRMVX drawdown since its inception was -97.39%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for CRMVX and BRW.
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Drawdown Indicators
| CRMVX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.39% | -17.74% | -79.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -17.74% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -97.39% | -17.74% | -79.65% |
Max Drawdown (5Y)Largest decline over 5 years | -97.39% | -17.74% | -79.65% |
Current DrawdownCurrent decline from peak | -97.14% | -8.51% | -88.63% |
Average DrawdownAverage peak-to-trough decline | -26.10% | -4.11% | -21.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 10.63% | -9.88% |
Volatility
CRMVX vs. BRW - Volatility Comparison
The current volatility for Potomac Managed Volatility Fund (CRMVX) is 0.67%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.79%. This indicates that CRMVX 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
| CRMVX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.79% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 8.86% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 13.66% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,600.31% | 13.02% | +1,587.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,449.16% | 12.89% | +1,436.27% |
CRMVX vs. BRW - Expense Ratio Comparison
CRMVX has a 1.62% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
CRMVX vs. BRW - Dividend Comparison
CRMVX'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 | 2020 |
|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.30% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% |
CRMVX Potomac Managed Volatility Fund | 5.71% | 5.75% | 3.75% | 2.74% | 0.57% | 2.59% | 0.95% |
Frequently Asked Questions
CRMVX and BRW have a correlation of 0.19, 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 CRMVX (0.67%). In terms of maximum drawdown, CRMVX dropped -97.39% vs BRW's -17.74%.
CRMVX currently has the higher Sharpe Ratio (1.03 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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