OWCIX vs. BRW
OWCIX (Old Westbury Credit Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, OWCIX returned 0.99%/yr vs 7.11%/yr for BRW. At a 0.16 correlation, their price movements are largely independent. OWCIX charges 0.85%/yr vs 1.71%/yr for BRW.
Performance
OWCIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, OWCIX achieves a 1.83% return, which is significantly lower than BRW's 3.83% return.
OWCIX
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 1.83%
- 6M
- 1.37%
- 1Y
- 7.66%
- 3Y*
- 5.70%
- 5Y*
- 0.99%
- 10Y*
- —
BRW
- 1D
- -1.16%
- 1M
- 0.52%
- YTD
- 3.83%
- 6M
- 1.86%
- 1Y
- 4.10%
- 3Y*
- 10.09%
- 5Y*
- 7.11%
- 10Y*
- —
OWCIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OWCIX Old Westbury Credit Income Fund | 1.83% | 9.35% | 2.32% | 6.42% | -16.20% | 3.58% |
BRW Saba Capital Income & Opportunities Fund | 3.83% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between OWCIX 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 | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.16 |
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Return for Risk
OWCIX vs. BRW — Risk / Return Rank
OWCIX
BRW
OWCIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Westbury Credit Income Fund (OWCIX) 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.
| OWCIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.23 | +2.83 |
| Martin ratioReturn relative to average drawdown | 9.16 | 0.42 | +8.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OWCIX | BRW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.31 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.56 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.59 | -0.37 |
Drawdowns
OWCIX vs. BRW - Drawdown Comparison
The maximum OWCIX drawdown since its inception was -19.92%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for OWCIX and BRW.
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Drawdown Indicators
| OWCIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -17.74% | -2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -17.74% | +14.85% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -17.74% | +10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.92% | -17.74% | -2.18% |
Current DrawdownCurrent decline from peak | -0.41% | -8.51% | +8.10% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -3.93% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 9.86% | -8.91% |
Volatility
OWCIX vs. BRW - Volatility Comparison
The current volatility for Old Westbury Credit Income Fund (OWCIX) is 1.52%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 2.28%. This indicates that OWCIX 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
| OWCIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 2.28% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 7.54% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 13.20% | -8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 12.86% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 12.86% | -6.94% |
OWCIX vs. BRW - Expense Ratio Comparison
OWCIX has a 0.85% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
OWCIX vs. BRW - Dividend Comparison
OWCIX's dividend yield for the trailing twelve months is around 5.22%, less than BRW's 14.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 14.89% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% |
OWCIX Old Westbury Credit Income Fund | 5.22% | 7.01% | 5.83% | 5.44% | 5.30% | 3.91% | 1.06% |
Frequently Asked Questions
OWCIX 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 (2.28%) compared to OWCIX (1.52%). In terms of maximum drawdown, OWCIX dropped -19.92% vs BRW's -17.74%.
OWCIX currently has the higher Sharpe Ratio (1.87 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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