EVG vs. BRW
EVG (Eaton Vance Short Duration Diversified Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, EVG returned 5.15%/yr vs 7.20%/yr for BRW. At a 0.19 correlation, their price movements are largely independent. EVG charges 0.02%/yr vs 1.71%/yr for BRW.
Performance
EVG vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EVG achieves a 3.57% return, which is significantly lower than BRW's 4.15% return.
EVG
- 1D
- -0.28%
- 1M
- 0.96%
- 6M
- 2.30%
- YTD
- 3.57%
- 1Y
- 6.41%
- 3Y*
- 12.51%
- 5Y*
- 5.15%
- 10Y*
- 5.97%
BRW
- 1D
- -0.60%
- 1M
- 2.04%
- 6M
- 3.76%
- YTD
- 4.15%
- 1Y
- -3.85%
- 3Y*
- 9.83%
- 5Y*
- 7.20%
- 10Y*
- —
EVG vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 3.57% | 8.43% | 14.80% | 11.90% | -14.12% | 6.69% |
BRW Saba Capital Income & Opportunities Fund | 4.15% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between EVG and BRW is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.19 |
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
EVG vs. BRW — Risk / Return Rank
EVG
BRW
EVG vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Diversified Income Fund (EVG) 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.
| EVG | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.96 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.22 | +1.50 |
| Martin ratioReturn relative to average drawdown | 3.80 | -0.37 | +4.17 |
Loading charts...
Drawdowns
EVG vs. BRW - Drawdown Comparison
The maximum EVG drawdown since its inception was -40.60%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for EVG and BRW.
Loading charts...
Drawdown Indicators
| EVG | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.60% | -17.74% | -22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.03% | -17.74% | +12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -8.24% | -17.74% | +9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -17.74% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -32.75% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -8.23% | +7.95% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -4.06% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 10.44% | -8.75% |
Volatility
EVG vs. BRW - Volatility Comparison
The current volatility for Eaton Vance Short Duration Diversified Income Fund (EVG) is 2.16%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.37%. This indicates that EVG 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
| EVG | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 3.37% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 8.42% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 13.46% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.28% | 12.95% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 12.87% | +0.12% |
EVG vs. BRW - Expense Ratio Comparison
EVG has a 0.02% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
EVG vs. BRW - Dividend Comparison
EVG's dividend yield for the trailing twelve months is around 8.29%, 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% |
EVG Eaton Vance Short Duration Diversified Income Fund | 8.29% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
Frequently Asked Questions
EVG and BRW have a correlation of 0.22, 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 EVG (2.16%). In terms of maximum drawdown, EVG dropped -40.60% vs BRW's -17.74%.
EVG currently has the higher Sharpe Ratio (0.77 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.
Find the right allocation for EVG 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