PFDOX vs. BRW
PFDOX (PFG Active Core Bond Strategy Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, PFDOX returned -0.17%/yr vs 6.18%/yr for BRW. At a 0.15 correlation, their price movements are largely independent. PFDOX charges 2.03%/yr vs 1.71%/yr for BRW.
Performance
PFDOX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, PFDOX achieves a -0.23% return, which is significantly higher than BRW's -0.25% return.
PFDOX
- 1D
- -0.35%
- 1M
- 0.70%
- YTD
- -0.23%
- 6M
- -0.10%
- 1Y
- 3.99%
- 3Y*
- 4.11%
- 5Y*
- -0.17%
- 10Y*
- —
BRW
- 1D
- 0.15%
- 1M
- -2.78%
- YTD
- -0.25%
- 6M
- 0.62%
- 1Y
- -4.10%
- 3Y*
- 8.94%
- 5Y*
- 6.18%
- 10Y*
- —
PFDOX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFDOX PFG Active Core Bond Strategy Fund | -0.23% | 7.49% | 2.02% | 5.41% | -13.51% | -0.10% |
BRW Saba Capital Income & Opportunities Fund | -0.25% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between PFDOX 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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.15 |
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Return for Risk
PFDOX vs. BRW — Risk / Return Rank
PFDOX
BRW
PFDOX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PFG Active Core Bond Strategy Fund (PFDOX) 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.
| PFDOX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.23 | +1.48 |
| Martin ratioReturn relative to average drawdown | 3.56 | -0.40 | +3.97 |
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Drawdowns
PFDOX vs. BRW - Drawdown Comparison
The maximum PFDOX drawdown since its inception was -19.45%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for PFDOX and BRW.
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Drawdown Indicators
| PFDOX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -17.74% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -17.74% | +14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -17.74% | +12.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -17.74% | -1.71% |
Current DrawdownCurrent decline from peak | -3.60% | -12.10% | +8.50% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -3.99% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 10.16% | -8.97% |
Volatility
PFDOX vs. BRW - Volatility Comparison
The current volatility for PFG Active Core Bond Strategy Fund (PFDOX) is 1.17%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.17%. This indicates that PFDOX 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
| PFDOX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 4.17% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 8.18% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 13.33% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 12.93% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 12.89% | -8.05% |
PFDOX vs. BRW - Expense Ratio Comparison
PFDOX has a 2.03% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
PFDOX vs. BRW - Dividend Comparison
PFDOX's dividend yield for the trailing twelve months is around 2.80%, 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% |
PFDOX PFG Active Core Bond Strategy Fund | 2.80% | 2.79% | 3.36% | 2.91% | 3.13% | 3.66% | 2.68% | 2.29% | 0.92% | 0.18% |
Frequently Asked Questions
PFDOX 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 (4.17%) compared to PFDOX (1.17%). In terms of maximum drawdown, PFDOX dropped -19.45% vs BRW's -17.74%.
PFDOX currently has the higher Sharpe Ratio (1.13 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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