ETSIX vs. BRW
ETSIX (Eaton Vance Strategic Income Fund Class I) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, ETSIX returned 5.08%/yr vs 6.57%/yr for BRW. At a 0.16 correlation, their price movements are largely independent. ETSIX charges 1.46%/yr vs 1.71%/yr for BRW.
Performance
ETSIX vs. BRW - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETSIX having a 2.63% return and BRW slightly higher at 2.74%.
ETSIX
- 1D
- 0.15%
- 1M
- 0.42%
- 6M
- 2.12%
- YTD
- 2.63%
- 1Y
- 8.60%
- 3Y*
- 8.39%
- 5Y*
- 5.08%
- 10Y*
- 4.75%
BRW
- 1D
- -0.60%
- 1M
- 1.90%
- 6M
- 3.48%
- YTD
- 2.74%
- 1Y
- -5.38%
- 3Y*
- 10.23%
- 5Y*
- 6.57%
- 10Y*
- —
ETSIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 2.63% | 10.88% | 6.38% | 8.24% | -2.55% | 0.34% |
BRW Saba Capital Income & Opportunities Fund | 2.74% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between ETSIX and BRW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
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 | 0.16 |
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Return for Risk
ETSIX vs. BRW — Risk / Return Rank
ETSIX
BRW
ETSIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Strategic Income Fund Class I (ETSIX) 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.
| ETSIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +4.73 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.94 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | -0.30 | +3.86 |
| Martin ratioReturn relative to average drawdown | 12.13 | -0.52 | +12.65 |
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Drawdowns
ETSIX vs. BRW - Drawdown Comparison
The maximum ETSIX drawdown since its inception was -12.63%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for ETSIX and BRW.
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Drawdown Indicators
| ETSIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.63% | -17.74% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -17.74% | +15.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.52% | -17.74% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -6.34% | -17.74% | +11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -12.28% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -9.47% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -4.05% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 10.39% | -9.68% |
Volatility
ETSIX vs. BRW - Volatility Comparison
The current volatility for Eaton Vance Strategic Income Fund Class I (ETSIX) is 1.06%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.92%. This indicates that ETSIX 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
| ETSIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.92% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 8.38% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 13.40% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 12.96% | -9.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.15% | 12.88% | -9.73% |
ETSIX vs. BRW - Expense Ratio Comparison
ETSIX has a 1.46% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
ETSIX vs. BRW - Dividend Comparison
ETSIX's dividend yield for the trailing twelve months is around 7.12%, less than BRW's 15.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.46% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETSIX Eaton Vance Strategic Income Fund Class I | 7.12% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
Frequently Asked Questions
ETSIX and BRW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.92%) compared to ETSIX (1.06%). In terms of maximum drawdown, ETSIX dropped -12.63% vs BRW's -17.74%.
ETSIX currently has the higher Sharpe Ratio (2.97 vs -0.40), 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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