ECSIX vs. BRW
ECSIX (Eaton Vance Short Duration Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, ECSIX returned 4.33%/yr vs 7.20%/yr for BRW. At a 0.17 correlation, their price movements are largely independent. ECSIX charges 1.82%/yr vs 1.71%/yr for BRW.
Performance
ECSIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, ECSIX achieves a 2.28% return, which is significantly lower than BRW's 4.15% return.
ECSIX
- 1D
- 0.16%
- 1M
- 0.04%
- 6M
- 1.66%
- YTD
- 2.28%
- 1Y
- 8.02%
- 3Y*
- 7.30%
- 5Y*
- 4.33%
- 10Y*
- 3.92%
BRW
- 1D
- -0.60%
- 1M
- 2.04%
- 6M
- 3.76%
- YTD
- 4.15%
- 1Y
- -3.85%
- 3Y*
- 9.83%
- 5Y*
- 7.20%
- 10Y*
- —
ECSIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ECSIX Eaton Vance Short Duration Strategic Income Fund | 2.28% | 10.19% | 5.71% | 7.31% | -3.31% | -0.17% |
BRW Saba Capital Income & Opportunities Fund | 4.15% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between ECSIX and BRW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.17 |
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Return for Risk
ECSIX vs. BRW — Risk / Return Rank
ECSIX
BRW
ECSIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Strategic Income Fund (ECSIX) 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.
| ECSIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.64 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.96 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | -0.22 | +3.60 |
| Martin ratioReturn relative to average drawdown | 11.61 | -0.37 | +11.98 |
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Drawdowns
ECSIX vs. BRW - Drawdown Comparison
The maximum ECSIX drawdown since its inception was -12.95%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for ECSIX and BRW.
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Drawdown Indicators
| ECSIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -17.74% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -17.74% | +15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -17.74% | +15.10% |
Max Drawdown (5Y)Largest decline over 5 years | -7.19% | -17.74% | +10.55% |
Max Drawdown (10Y)Largest decline over 10 years | -12.53% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -8.23% | +7.92% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -4.06% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 10.44% | -9.73% |
Volatility
ECSIX vs. BRW - Volatility Comparison
The current volatility for Eaton Vance Short Duration Strategic Income Fund (ECSIX) is 0.81%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.37%. This indicates that ECSIX 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
| ECSIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.37% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 8.42% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 13.46% | -10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 12.95% | -9.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 12.87% | -9.70% |
ECSIX vs. BRW - Expense Ratio Comparison
ECSIX has a 1.82% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
ECSIX vs. BRW - Dividend Comparison
ECSIX's dividend yield for the trailing twelve months is around 6.34%, less than BRW's 15.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.25% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ECSIX Eaton Vance Short Duration Strategic Income Fund | 6.34% | 5.07% | 6.21% | 6.18% | 4.78% | 3.54% | 3.47% | 3.53% | 3.19% | 2.96% | 3.20% | 3.54% |
Frequently Asked Questions
ECSIX and BRW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.37%) compared to ECSIX (0.81%). In terms of maximum drawdown, ECSIX dropped -12.95% vs BRW's -17.74%.
ECSIX currently has the higher Sharpe Ratio (2.92 vs -0.29), 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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