JGIAX vs. BRW
JGIAX (JPMorgan Income Fund Class A) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, JGIAX returned 2.55%/yr vs 6.57%/yr for BRW. At a 0.18 correlation, their price movements are largely independent. JGIAX charges 0.65%/yr vs 1.71%/yr for BRW.
Performance
JGIAX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, JGIAX achieves a 1.36% return, which is significantly lower than BRW's 2.74% return.
JGIAX
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- 1.48%
- YTD
- 1.36%
- 1Y
- 4.91%
- 3Y*
- 7.12%
- 5Y*
- 2.55%
- 10Y*
- 3.76%
BRW
- 1D
- -0.60%
- 1M
- 1.90%
- 6M
- 3.48%
- YTD
- 2.74%
- 1Y
- -5.38%
- 3Y*
- 10.23%
- 5Y*
- 6.57%
- 10Y*
- —
JGIAX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGIAX JPMorgan Income Fund Class A | 1.36% | 7.41% | 7.48% | 5.88% | -8.48% | 0.64% |
BRW Saba Capital Income & Opportunities Fund | 2.74% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between JGIAX and BRW is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.18 |
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Return for Risk
JGIAX vs. BRW — Risk / Return Rank
JGIAX
BRW
JGIAX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund Class A (JGIAX) 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.
| JGIAX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.94 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.30 | +3.27 |
| Martin ratioReturn relative to average drawdown | 12.44 | -0.52 | +12.96 |
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Drawdowns
JGIAX vs. BRW - Drawdown Comparison
The maximum JGIAX drawdown since its inception was -18.39%, roughly equal to the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for JGIAX and BRW.
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Drawdown Indicators
| JGIAX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -17.74% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -17.74% | +16.12% |
Max Drawdown (3Y)Largest decline over 3 years | -2.26% | -17.74% | +15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -11.63% | -17.74% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -9.47% | +9.23% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -4.05% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 10.39% | -10.00% |
Volatility
JGIAX vs. BRW - Volatility Comparison
The current volatility for JPMorgan Income Fund Class A (JGIAX) is 0.65%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.92%. This indicates that JGIAX 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
| JGIAX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 3.92% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 8.38% | -6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 13.40% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 12.96% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 12.88% | -9.04% |
JGIAX vs. BRW - Expense Ratio Comparison
JGIAX has a 0.65% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
JGIAX vs. BRW - Dividend Comparison
JGIAX's dividend yield for the trailing twelve months is around 5.78%, 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% |
JGIAX JPMorgan Income Fund Class A | 5.78% | 5.71% | 5.51% | 4.19% | 4.49% | 3.75% | 4.69% | 4.84% | 5.15% | 5.16% | 5.21% | 5.44% |
Frequently Asked Questions
JGIAX and BRW have a correlation of 0.13, 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 JGIAX (0.65%). In terms of maximum drawdown, JGIAX dropped -18.39% vs BRW's -17.74%.
JGIAX currently has the higher Sharpe Ratio (2.01 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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