PDIIX vs. BRW
PDIIX (PIMCO Diversified Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, PDIIX returned 2.09%/yr vs 7.19%/yr for BRW. Their 0.20 correlation means their historical movements had little consistent relationship. PDIIX charges 0.75%/yr vs 1.71%/yr for BRW.
Performance
PDIIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, PDIIX achieves a 0.69% return, which is significantly lower than BRW's 3.06% return.
PDIIX
- 1D
- 0.10%
- 1M
- -1.40%
- 6M
- 0.04%
- YTD
- 0.69%
- 1Y
- 5.22%
- 3Y*
- 7.62%
- 5Y*
- 2.09%
- 10Y*
- 3.90%
- ALL TIME*
- 5.73%
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.37M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
PDIIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PDIIX PIMCO Diversified Income Fund | 0.69% | 10.42% | 6.35% | 10.41% | -14.70% | 1.70% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between PDIIX and BRW is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.20 |
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Return for Risk
PDIIX vs. BRW — Risk / Return Rank
PDIIX
BRW
PDIIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund (PDIIX) 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.
| PDIIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.90 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.48 | +2.20 |
| Martin ratioReturn relative to average drawdown | 6.69 | -0.80 | +7.49 |
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Drawdowns
PDIIX vs. BRW - Drawdown Comparison
The maximum PDIIX drawdown since its inception was -21.96%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for PDIIX and BRW.
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Drawdown Indicators
| PDIIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -17.74% | -4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -17.74% | +14.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -17.74% | +13.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -17.74% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -9.19% | +7.69% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -4.10% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 10.60% | -9.69% |
Volatility
PDIIX vs. BRW - Volatility Comparison
The current volatility for PIMCO Diversified Income Fund (PDIIX) is 0.91%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that PDIIX 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
| PDIIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 4.03% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 8.85% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 13.66% | -9.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 13.01% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 12.90% | -8.01% |
PDIIX vs. BRW - Expense Ratio Comparison
PDIIX has a 0.75% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
PDIIX vs. BRW - Dividend Comparison
PDIIX's dividend yield for the trailing twelve months is around 5.16%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDIIX PIMCO Diversified Income Fund | 5.16% | 5.42% | 5.18% | 4.66% | 3.91% | 3.65% | 3.68% | 5.04% | 4.46% | 4.84% | 4.94% | 7.68% |
Frequently Asked Questions
PDIIX and BRW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.03%) compared to PDIIX (0.91%). In terms of maximum drawdown, PDIIX dropped -21.96% vs BRW's -17.74%.
PDIIX currently has the higher Sharpe Ratio (1.58 vs -0.62), 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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