FCBYX vs. BRW
FCBYX (Nuveen Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, FCBYX returned 2.69%/yr vs 7.16%/yr for BRW. Their 0.16 correlation means their historical movements had little consistent relationship. FCBYX charges 0.59%/yr vs 1.71%/yr for BRW.
Performance
FCBYX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, FCBYX achieves a 0.96% return, which is significantly lower than BRW's 3.37% return.
FCBYX
- 1D
- 0.35%
- 1M
- -0.46%
- 6M
- 0.48%
- YTD
- 0.96%
- 1Y
- 4.38%
- 3Y*
- 6.97%
- 5Y*
- 2.69%
- 10Y*
- 3.99%
- ALL TIME*
- 4.96%
BRW
- 1D
- 0.30%
- 1M
- 0.97%
- 6M
- 5.88%
- YTD
- 3.37%
- 1Y
- -8.31%
- 3Y*
- 8.50%
- 5Y*
- 7.16%
- 10Y*
- —
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $1.36M | $1.43M | |
| $0.00 | $0.00 | $0.00 |
FCBYX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 0.96% | 8.55% | 6.86% | 9.14% | -10.36% | 1.43% |
BRW Saba Capital Income & Opportunities Fund | 3.37% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between FCBYX and BRW is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer 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
FCBYX vs. BRW — Risk / Return Rank
FCBYX
BRW
FCBYX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Income Fund (FCBYX) 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.
| FCBYX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.90 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.47 | +2.45 |
| Martin ratioReturn relative to average drawdown | 6.44 | -0.78 | +7.23 |
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Drawdowns
FCBYX vs. BRW - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.49%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for FCBYX and BRW.
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Drawdown Indicators
| FCBYX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.49% | -17.74% | -6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -17.74% | +15.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.16% | -17.74% | +13.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -17.74% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -8.92% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -4.11% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 10.62% | -9.89% |
Volatility
FCBYX vs. BRW - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 0.67%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.91%. This indicates that FCBYX 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
| FCBYX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.91% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 8.85% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 13.68% | -10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 13.02% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 12.89% | -8.70% |
FCBYX vs. BRW - Expense Ratio Comparison
FCBYX has a 0.59% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
FCBYX vs. BRW - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 5.26%, less than BRW's 15.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.36% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCBYX Nuveen Strategic Income Fund | 5.26% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
Frequently Asked Questions
FCBYX and BRW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.91%) compared to FCBYX (0.67%). In terms of maximum drawdown, FCBYX dropped -24.49% vs BRW's -17.74%.
FCBYX currently has the higher Sharpe Ratio (1.77 vs -0.61), 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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