OAKCX vs. BRW
OAKCX (Oakmark Bond Fund Investor Class) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, OAKCX returned 5.02%/yr vs 9.33%/yr for BRW. At a 0.17 correlation, their price movements are largely independent. OAKCX charges 0.74%/yr vs 1.71%/yr for BRW.
Performance
OAKCX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, OAKCX achieves a 1.13% return, which is significantly higher than BRW's 0.83% return.
OAKCX
- 1D
- 0.45%
- 1M
- 0.80%
- YTD
- 1.13%
- 6M
- 1.07%
- 1Y
- 4.89%
- 3Y*
- 5.02%
- 5Y*
- —
- 10Y*
- —
BRW
- 1D
- -0.30%
- 1M
- -2.31%
- YTD
- 0.83%
- 6M
- 1.70%
- 1Y
- -3.55%
- 3Y*
- 9.33%
- 5Y*
- 6.41%
- 10Y*
- —
OAKCX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OAKCX Oakmark Bond Fund Investor Class | 1.13% | 6.85% | 2.90% | 5.91% | -9.75% |
BRW Saba Capital Income & Opportunities Fund | 0.83% | 5.89% | 12.16% | 18.49% | -6.04% |
Correlation
The correlation between OAKCX and BRW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.17 |
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Return for Risk
OAKCX vs. BRW — Risk / Return Rank
OAKCX
BRW
OAKCX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oakmark Bond Fund Investor Class (OAKCX) 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.
| OAKCX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.96 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.20 | +2.11 |
| Martin ratioReturn relative to average drawdown | 5.67 | -0.35 | +6.02 |
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Drawdowns
OAKCX vs. BRW - Drawdown Comparison
The maximum OAKCX drawdown since its inception was -13.38%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for OAKCX and BRW.
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Drawdown Indicators
| OAKCX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -17.74% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -17.74% | +15.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -17.74% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.74% | — |
Current DrawdownCurrent decline from peak | -0.66% | -11.15% | +10.49% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -4.00% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 10.21% | -9.32% |
Volatility
OAKCX vs. BRW - Volatility Comparison
The current volatility for Oakmark Bond Fund Investor Class (OAKCX) is 1.18%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.39%. This indicates that OAKCX 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
| OAKCX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 4.39% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 8.23% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 13.38% | -9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 12.94% | -7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 12.90% | -7.55% |
OAKCX vs. BRW - Expense Ratio Comparison
OAKCX has a 0.74% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
OAKCX vs. BRW - Dividend Comparison
OAKCX's dividend yield for the trailing twelve months is around 4.57%, less than BRW's 15.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.54% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% |
OAKCX Oakmark Bond Fund Investor Class | 4.57% | 3.57% | 4.37% | 3.62% | 2.77% | 0.00% |
Frequently Asked Questions
OAKCX and BRW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.39%) compared to OAKCX (1.18%). In terms of maximum drawdown, OAKCX dropped -13.38% vs BRW's -17.74%.
OAKCX currently has the higher Sharpe Ratio (1.44 vs -0.27), 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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