MXLMX vs. BRW
MXLMX (Great-West Multi-Sector Bond Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, MXLMX returned 1.90%/yr vs 6.18%/yr for BRW. At a 0.19 correlation, their price movements are largely independent. MXLMX charges 0.90%/yr vs 1.71%/yr for BRW.
Performance
MXLMX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, MXLMX achieves a 0.81% return, which is significantly higher than BRW's -0.25% return.
MXLMX
- 1D
- -0.15%
- 1M
- 0.52%
- YTD
- 0.81%
- 6M
- 0.92%
- 1Y
- 5.37%
- 3Y*
- 6.35%
- 5Y*
- 1.90%
- 10Y*
- 3.44%
BRW
- 1D
- 0.15%
- 1M
- -2.78%
- YTD
- -0.25%
- 6M
- 0.62%
- 1Y
- -4.10%
- 3Y*
- 8.94%
- 5Y*
- 6.18%
- 10Y*
- —
MXLMX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MXLMX Great-West Multi-Sector Bond Fund | 0.81% | 7.99% | 5.14% | 7.89% | -11.42% | 1.44% |
BRW Saba Capital Income & Opportunities Fund | -0.25% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between MXLMX and BRW is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.19 |
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Return for Risk
MXLMX vs. BRW — Risk / Return Rank
MXLMX
BRW
MXLMX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Multi-Sector Bond Fund (MXLMX) 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.
| MXLMX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.96 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | -0.23 | +2.54 |
| Martin ratioReturn relative to average drawdown | 8.89 | -0.40 | +9.30 |
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Drawdowns
MXLMX vs. BRW - Drawdown Comparison
The maximum MXLMX drawdown since its inception was -36.94%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for MXLMX and BRW.
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Drawdown Indicators
| MXLMX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -17.74% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -17.74% | +15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -17.74% | +13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -17.74% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -15.52% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -12.10% | +11.44% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -3.99% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 10.16% | -9.51% |
Volatility
MXLMX vs. BRW - Volatility Comparison
The current volatility for Great-West Multi-Sector Bond Fund (MXLMX) is 0.96%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.17%. This indicates that MXLMX 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
| MXLMX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 4.17% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 8.18% | -5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 13.33% | -10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 12.93% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 12.89% | -8.70% |
MXLMX vs. BRW - Expense Ratio Comparison
MXLMX has a 0.90% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
MXLMX vs. BRW - Dividend Comparison
MXLMX's dividend yield for the trailing twelve months is around 3.25%, less than BRW's 15.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.71% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% |
MXLMX Great-West Multi-Sector Bond Fund | 3.25% | 3.28% | 3.68% | 3.16% | 2.59% | 3.88% | 3.59% | 1.76% | 3.07% | 0.45% |
Frequently Asked Questions
MXLMX and BRW have a correlation of 0.20, 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 MXLMX (0.96%). In terms of maximum drawdown, MXLMX dropped -36.94% vs BRW's -17.74%.
MXLMX currently has the higher Sharpe Ratio (2.07 vs -0.31), 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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