DGFFX vs. SABA
DGFFX (Destinations Global Fixed Income Opportunities Fund) and SABA (Saba Capital Income & Opportunities Fund II) are both Global Bonds funds. Over the past 5 years, DGFFX returned 3.75%/yr vs 2.97%/yr for SABA. At a 0.23 correlation, their price movements are largely independent.
Performance
DGFFX vs. SABA - Performance Comparison
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Returns By Period
In the year-to-date period, DGFFX achieves a 2.66% return, which is significantly lower than SABA's 2.89% return.
DGFFX
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 2.66%
- 6M
- 2.73%
- 1Y
- 5.84%
- 3Y*
- 7.32%
- 5Y*
- 3.75%
- 10Y*
- —
SABA
- 1D
- -0.37%
- 1M
- -2.54%
- YTD
- 2.89%
- 6M
- 1.91%
- 1Y
- -1.67%
- 3Y*
- 9.11%
- 5Y*
- 2.97%
- 10Y*
- 2.80%
DGFFX vs. SABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 2.66% | 5.84% | 8.04% | 7.82% | -6.09% | 4.91% | 3.59% | 6.64% | -0.35% | 3.57% |
SABA Saba Capital Income & Opportunities Fund II | 2.89% | -0.31% | 31.32% | -2.77% | -9.02% | 1.05% | -6.63% | 8.55% | -1.25% | 1.19% |
Correlation
The correlation between DGFFX and SABA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.23 |
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Return for Risk
DGFFX vs. SABA — Risk / Return Rank
DGFFX
SABA
DGFFX vs. SABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destinations Global Fixed Income Opportunities Fund (DGFFX) and Saba Capital Income & Opportunities Fund II (SABA). 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.
| DGFFX | SABA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.79 | ||
| Sortino ratioReturn per unit of downside risk | +5.99 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 0.99 | +0.89 |
| Calmar ratioReturn relative to maximum drawdown | 6.34 | -0.16 | +6.50 |
| Martin ratioReturn relative to average drawdown | 28.67 | -0.31 | +28.97 |
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Drawdowns
DGFFX vs. SABA - Drawdown Comparison
The maximum DGFFX drawdown since its inception was -12.69%, smaller than the maximum SABA drawdown of -32.37%. Use the drawdown chart below to compare losses from any high point for DGFFX and SABA.
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Drawdown Indicators
| DGFFX | SABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -32.37% | +19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -10.45% | +9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -14.96% | +11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -8.17% | -19.76% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.39% | — |
Current DrawdownCurrent decline from peak | -0.21% | -6.00% | +5.79% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -7.56% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 5.42% | -5.18% |
Volatility
DGFFX vs. SABA - Volatility Comparison
The current volatility for Destinations Global Fixed Income Opportunities Fund (DGFFX) is 0.62%, while Saba Capital Income & Opportunities Fund II (SABA) has a volatility of 2.98%. This indicates that DGFFX experiences smaller price fluctuations and is considered to be less risky than SABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGFFX | SABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 2.98% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 8.25% | -6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 11.69% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.42% | 14.58% | -12.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.60% | 16.65% | -14.05% |
Dividends
DGFFX vs. SABA - Dividend Comparison
DGFFX's dividend yield for the trailing twelve months is around 6.24%, less than SABA's 9.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 6.24% | 5.52% | 6.81% | 4.95% | 3.37% | 4.14% | 4.22% | 4.18% | 3.79% | 2.94% | 0.00% | 0.00% |
SABA Saba Capital Income & Opportunities Fund II | 9.78% | 9.65% | 8.32% | 11.43% | 9.14% | 7.19% | 4.00% | 6.68% | 5.81% | 4.44% | 4.63% | 4.72% |
Frequently Asked Questions
DGFFX and SABA have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SABA has higher volatility (2.98%) compared to DGFFX (0.62%). In terms of maximum drawdown, DGFFX dropped -12.69% vs SABA's -32.37%.
DGFFX currently has the higher Sharpe Ratio (3.65 vs -0.14), 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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