DLY vs. BRW
DLY (DoubleLine Yield Opportunities Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, DLY returned 2.26%/yr vs 7.19%/yr for BRW. Their 0.27 correlation means their historical movements had little consistent relationship. DLY charges 2.91%/yr vs 1.71%/yr for BRW.
Performance
DLY vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLY achieves a 2.38% return, which is significantly lower than BRW's 3.06% return.
DLY
- 1D
- 0.86%
- 1M
- 0.55%
- 6M
- -0.27%
- YTD
- 2.38%
- 1Y
- 0.78%
- 3Y*
- 8.57%
- 5Y*
- 2.26%
- 10Y*
- —
- ALL TIME*
- 3.30%
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 | |
| $2.51M | $2.49M | $2.31M |
DLY vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DLY DoubleLine Yield Opportunities Fund | 2.38% | 0.63% | 16.29% | 25.48% | -23.08% | -1.68% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between DLY and BRW is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DLY vs. BRW — Risk / Return Rank
DLY
BRW
DLY vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Yield Opportunities Fund (DLY) 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.
| DLY | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.90 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.48 | +0.55 |
| Martin ratioReturn relative to average drawdown | 0.16 | -0.80 | +0.96 |
Loading charts...
Drawdowns
DLY vs. BRW - Drawdown Comparison
The maximum DLY drawdown since its inception was -28.61%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for DLY and BRW.
Loading charts...
Drawdown Indicators
| DLY | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -17.74% | -10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -17.74% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -10.81% | -17.74% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -17.74% | -10.87% |
Current DrawdownCurrent decline from peak | -1.83% | -9.19% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -4.10% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 10.60% | -6.93% |
Volatility
DLY vs. BRW - Volatility Comparison
The current volatility for DoubleLine Yield Opportunities Fund (DLY) is 2.31%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that DLY 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.
Loading charts...
Volatility by Period
| DLY | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 4.03% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 8.85% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.23% | 13.66% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.54% | 13.01% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 12.90% | +2.01% |
DLY vs. BRW - Expense Ratio Comparison
DLY has a 2.91% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
DLY vs. BRW - Dividend Comparison
DLY's dividend yield for the trailing twelve months is around 9.96%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% |
DLY DoubleLine Yield Opportunities Fund | 9.96% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% |
Frequently Asked Questions
DLY and BRW have a correlation of 0.24, 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 DLY (2.31%). In terms of maximum drawdown, DLY dropped -28.61% vs BRW's -17.74%.
DLY currently has the higher Sharpe Ratio (0.07 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.
Find the right allocation for DLY and BRW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer