DBL vs. BRW
DBL (DoubleLine Opportunistic Credit Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, DBL returned 1.65%/yr vs 7.19%/yr for BRW. Their 0.15 correlation means their historical movements had little consistent relationship. DBL charges 2.43%/yr vs 1.71%/yr for BRW.
Performance
DBL vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, DBL achieves a -2.96% return, which is significantly lower than BRW's 3.06% return.
DBL
- 1D
- -0.28%
- 1M
- -1.26%
- 6M
- -2.95%
- YTD
- -2.96%
- 1Y
- 0.18%
- 3Y*
- 8.11%
- 5Y*
- 1.65%
- 10Y*
- 1.70%
- ALL TIME*
- 4.65%
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.37M | $1.47M | |
| $877.24K | $858.54K | $843.60K |
DBL vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DBL DoubleLine Opportunistic Credit Fund | -2.96% | 7.16% | 10.05% | 13.11% | -15.83% | 1.96% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between DBL 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. | 0.15 |
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
DBL vs. BRW — Risk / Return Rank
DBL
BRW
DBL vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Opportunistic Credit Fund (DBL) 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.
| DBL | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.90 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.48 | +0.58 |
| Martin ratioReturn relative to average drawdown | 0.24 | -0.80 | +1.04 |
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Drawdowns
DBL vs. BRW - Drawdown Comparison
The maximum DBL drawdown since its inception was -26.45%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for DBL and BRW.
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Drawdown Indicators
| DBL | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -17.74% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -17.74% | +12.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.72% | -17.74% | +12.02% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -17.74% | -6.80% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | — | — |
Current DrawdownCurrent decline from peak | -3.88% | -9.19% | +5.31% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -4.10% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 10.60% | -8.19% |
Volatility
DBL vs. BRW - Volatility Comparison
The current volatility for DoubleLine Opportunistic Credit Fund (DBL) is 1.37%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that DBL 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
| DBL | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 4.03% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.20% | 8.85% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 13.66% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.48% | 13.01% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 12.90% | +1.48% |
DBL vs. BRW - Expense Ratio Comparison
DBL has a 2.43% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
DBL vs. BRW - Dividend Comparison
DBL's dividend yield for the trailing twelve months is around 9.40%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBL DoubleLine Opportunistic Credit Fund | 9.40% | 8.66% | 8.52% | 8.60% | 8.89% | 7.17% | 8.69% | 6.83% | 10.27% | 9.03% | 8.68% | 9.35% |
Frequently Asked Questions
DBL 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 (4.03%) compared to DBL (1.37%). In terms of maximum drawdown, DBL dropped -26.45% vs BRW's -17.74%.
DBL currently has the higher Sharpe Ratio (0.08 vs -0.62), 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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