PLSRX vs. BRW
PLSRX (Pacific Funds Strategic Income) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, PLSRX returned 3.10%/yr vs 6.64%/yr for BRW. At a 0.21 correlation, their price movements are largely independent. PLSRX charges 0.64%/yr vs 1.71%/yr for BRW.
Performance
PLSRX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, PLSRX achieves a 1.00% return, which is significantly lower than BRW's 3.52% return.
PLSRX
- 1D
- -0.10%
- 1M
- -0.08%
- 6M
- 0.81%
- YTD
- 1.00%
- 1Y
- 4.73%
- 3Y*
- 6.93%
- 5Y*
- 3.10%
- 10Y*
- 4.75%
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
PLSRX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLSRX Pacific Funds Strategic Income | 1.00% | 7.40% | 6.04% | 11.24% | -9.67% | 2.27% |
BRW Saba Capital Income & Opportunities Fund | 3.52% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between PLSRX and BRW is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.21 |
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Return for Risk
PLSRX vs. BRW — Risk / Return Rank
PLSRX
BRW
PLSRX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Strategic Income (PLSRX) 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.
| PLSRX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.95 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | -0.26 | +2.39 |
| Martin ratioReturn relative to average drawdown | 9.44 | -0.45 | +9.89 |
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Drawdowns
PLSRX vs. BRW - Drawdown Comparison
The maximum PLSRX drawdown since its inception was -19.88%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for PLSRX and BRW.
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Drawdown Indicators
| PLSRX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.88% | -17.74% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -17.74% | +15.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -17.74% | +14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -17.74% | +4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -19.88% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -8.78% | +8.40% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -4.05% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 10.41% | -9.93% |
Volatility
PLSRX vs. BRW - Volatility Comparison
The current volatility for Pacific Funds Strategic Income (PLSRX) is 0.81%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.36%. This indicates that PLSRX 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
| PLSRX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 3.36% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 8.38% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 13.45% | -10.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 12.97% | -8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 12.87% | -8.41% |
PLSRX vs. BRW - Expense Ratio Comparison
PLSRX has a 0.64% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
PLSRX vs. BRW - Dividend Comparison
PLSRX's dividend yield for the trailing twelve months is around 5.67%, less than BRW's 15.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.34% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PLSRX Pacific Funds Strategic Income | 5.67% | 5.67% | 5.97% | 5.17% | 4.73% | 4.10% | 3.84% | 4.32% | 4.74% | 3.87% | 4.14% | 4.71% |
Frequently Asked Questions
PLSRX and BRW have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.36%) compared to PLSRX (0.81%). In terms of maximum drawdown, PLSRX dropped -19.88% vs BRW's -17.74%.
PLSRX currently has the higher Sharpe Ratio (1.69 vs -0.35), 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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