GOF vs. BRW
GOF (Guggenheim Strategic Opportunities Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, GOF returned -0.24%/yr vs 7.16%/yr for BRW. Their 0.24 correlation means their historical movements had little consistent relationship. GOF charges 1.89%/yr vs 1.71%/yr for BRW.
Performance
GOF vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, GOF achieves a -9.05% return, which is significantly lower than BRW's 3.37% return.
GOF
- 1D
- -0.19%
- 1M
- -2.92%
- 6M
- -6.47%
- YTD
- -9.05%
- 1Y
- -15.70%
- 3Y*
- 1.75%
- 5Y*
- -0.24%
- 10Y*
- 7.06%
- ALL TIME*
- 8.79%
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 | |
| $13.30M | $14.34M | $15.54M |
GOF vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOF Guggenheim Strategic Opportunities Fund | -9.05% | -1.92% | 38.04% | -3.04% | -5.78% | -6.30% |
BRW Saba Capital Income & Opportunities Fund | 3.37% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between GOF and BRW is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.24 |
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Return for Risk
GOF vs. BRW — Risk / Return Rank
GOF
BRW
GOF vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Strategic Opportunities Fund (GOF) 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.
| GOF | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.90 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.47 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.11 | -0.78 | -0.32 |
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Drawdowns
GOF vs. BRW - Drawdown Comparison
The maximum GOF drawdown since its inception was -54.66%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for GOF and BRW.
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Drawdown Indicators
| GOF | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.66% | -17.74% | -36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -23.24% | -17.74% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -28.56% | -17.74% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -17.74% | -14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -18.98% | -8.92% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -4.11% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 10.62% | +3.57% |
Volatility
GOF vs. BRW - Volatility Comparison
The current volatility for Guggenheim Strategic Opportunities Fund (GOF) is 2.59%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.91%. This indicates that GOF 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
| GOF | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.91% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 8.85% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 13.68% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 13.02% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.54% | 12.89% | +6.65% |
GOF vs. BRW - Expense Ratio Comparison
GOF has a 1.89% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
GOF vs. BRW - Dividend Comparison
GOF's dividend yield for the trailing twelve months is around 20.83%, more 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% |
GOF Guggenheim Strategic Opportunities Fund | 20.83% | 16.97% | 14.32% | 17.07% | 14.36% | 11.93% | 11.26% | 12.08% | 11.96% | 10.13% | 11.13% | 12.98% |
Frequently Asked Questions
GOF and BRW have a correlation of 0.18, 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 GOF (2.59%). In terms of maximum drawdown, GOF dropped -54.66% vs BRW's -17.74%.
BRW currently has the higher Sharpe Ratio (-0.61 vs -0.86), 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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