ODIDX vs. BRW
ODIDX (Oaktree Diversified Income Fund Inc. Class D) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, ODIDX returned 9.16%/yr vs 8.75%/yr for BRW. Their 0.22 correlation means their historical movements had little consistent relationship. ODIDX charges 2.10%/yr vs 1.71%/yr for BRW.
Performance
ODIDX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, ODIDX achieves a 2.47% return, which is significantly lower than BRW's 3.06% return.
ODIDX
- 1D
- 0.11%
- 1M
- 0.23%
- 6M
- 1.90%
- YTD
- 2.47%
- 1Y
- 5.58%
- 3Y*
- 9.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.95%
BRW
- 1D
- 0.15%
- 1M
- 1.74%
- 6M
- 4.02%
- YTD
- 3.06%
- 1Y
- -8.81%
- 3Y*
- 8.75%
- 5Y*
- 7.14%
- 10Y*
- —
- ALL TIME*
- 7.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.21M | $1.43M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
ODIDX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | -1.80% |
Correlation
The correlation between ODIDX and BRW is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.22 |
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Return for Risk
ODIDX vs. BRW — Risk / Return Rank
ODIDX
BRW
ODIDX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Diversified Income Fund Inc. Class D (ODIDX) 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.
| ODIDX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.50 | ||
| Sortino ratioReturn per unit of downside risk | +6.94 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 0.89 | +1.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | -0.50 | +5.60 |
| Martin ratioReturn relative to average drawdown | 21.47 | -0.84 | +22.30 |
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Drawdowns
ODIDX vs. BRW - Drawdown Comparison
The maximum ODIDX drawdown since its inception was -13.71%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for ODIDX and BRW.
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Drawdown Indicators
| ODIDX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -17.74% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -17.74% | +16.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.29% | -17.74% | +15.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.74% | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.19% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.09% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 10.56% | -10.30% |
Volatility
ODIDX vs. BRW - Volatility Comparison
The current volatility for Oaktree Diversified Income Fund Inc. Class D (ODIDX) is 0.28%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 2.98%. This indicates that ODIDX 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
| ODIDX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 2.98% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.18% | 8.48% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 13.38% | -11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.19% | 12.96% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 12.85% | -9.66% |
ODIDX vs. BRW - Expense Ratio Comparison
ODIDX has a 2.10% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
ODIDX vs. BRW - Dividend Comparison
ODIDX's dividend yield for the trailing twelve months is around 9.09%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% |
Frequently Asked Questions
ODIDX and BRW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (2.98%) compared to ODIDX (0.28%). In terms of maximum drawdown, ODIDX dropped -13.71% vs BRW's -17.74%.
ODIDX currently has the higher Sharpe Ratio (3.84 vs -0.66), 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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