LCRDX vs. BRW
LCRDX (Lord Abbett Credit Opportunities Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, LCRDX returned 3.09%/yr vs 6.15%/yr for BRW. At a 0.27 correlation, their price movements are largely independent. LCRDX charges 1.39%/yr vs 1.71%/yr for BRW.
Performance
LCRDX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, LCRDX achieves a 1.40% return, which is significantly higher than BRW's -0.40% return.
LCRDX
- 1D
- -0.12%
- 1M
- 0.53%
- YTD
- 1.40%
- 6M
- 2.02%
- 1Y
- 5.63%
- 3Y*
- 7.72%
- 5Y*
- 3.09%
- 10Y*
- —
BRW
- 1D
- -0.46%
- 1M
- -2.93%
- YTD
- -0.40%
- 6M
- -0.11%
- 1Y
- -4.49%
- 3Y*
- 8.88%
- 5Y*
- 6.15%
- 10Y*
- —
LCRDX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LCRDX Lord Abbett Credit Opportunities Fund | 1.40% | 5.03% | 10.16% | 11.25% | -13.00% | 5.32% |
BRW Saba Capital Income & Opportunities Fund | -0.40% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between LCRDX 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.27 |
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Return for Risk
LCRDX vs. BRW — Risk / Return Rank
LCRDX
BRW
LCRDX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Credit Opportunities Fund (LCRDX) 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.
| LCRDX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.95 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.25 | +1.88 |
| Martin ratioReturn relative to average drawdown | 3.66 | -0.44 | +4.10 |
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Drawdowns
LCRDX vs. BRW - Drawdown Comparison
The maximum LCRDX drawdown since its inception was -22.75%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for LCRDX and BRW.
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Drawdown Indicators
| LCRDX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.75% | -17.74% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -17.74% | +14.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.95% | -17.74% | +10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -17.74% | +4.12% |
Current DrawdownCurrent decline from peak | -0.90% | -12.24% | +11.34% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -3.99% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 10.14% | -8.53% |
Volatility
LCRDX vs. BRW - Volatility Comparison
The current volatility for Lord Abbett Credit Opportunities Fund (LCRDX) is 1.19%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.17%. This indicates that LCRDX 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
| LCRDX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 4.17% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 8.18% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 13.36% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 12.93% | -8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 12.90% | -7.10% |
LCRDX vs. BRW - Expense Ratio Comparison
LCRDX has a 1.39% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
LCRDX vs. BRW - Dividend Comparison
LCRDX's dividend yield for the trailing twelve months is around 10.44%, less than BRW's 15.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.73% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% |
LCRDX Lord Abbett Credit Opportunities Fund | 10.44% | 9.81% | 9.09% | 9.54% | 5.10% | 9.71% | 4.24% |
Frequently Asked Questions
LCRDX 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 (4.17%) compared to LCRDX (1.19%). In terms of maximum drawdown, LCRDX dropped -22.75% vs BRW's -17.74%.
LCRDX currently has the higher Sharpe Ratio (1.36 vs -0.34), 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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