PONPX vs. BRW
PONPX (PIMCO Income Fund Class I-2) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Both are actively managed. Over the past 5 years, PONPX returned 3.07%/yr vs 7.16%/yr for BRW. Their 0.20 correlation means their historical movements had little consistent relationship. PONPX charges 0.64%/yr vs 1.71%/yr for BRW.
Performance
PONPX vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PONPX achieves a -0.10% return, which is significantly lower than BRW's 3.37% return.
PONPX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.59%
- YTD
- -0.10%
- 1Y
- 4.21%
- 3Y*
- 6.84%
- 5Y*
- 3.07%
- 10Y*
- 4.32%
- ALL TIME*
- 7.22%
BRW
- 1D
- 0.30%
- 1M
- 0.97%
- 6M
- 5.88%
- YTD
- 3.37%
- 1Y
- -8.31%
- 3Y*
- 8.50%
- 5Y*
- 7.16%
- 10Y*
- —
- ALL TIME*
- 7.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $1.36M | $1.43M | |
| $0.00 | $0.00 | $0.00 |
PONPX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PONPX PIMCO Income Fund Class I-2 | -0.10% | 10.96% | 5.33% | 9.24% | -9.14% | 1.61% |
BRW Saba Capital Income & Opportunities Fund | 3.37% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between PONPX and BRW is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PONPX vs. BRW — Risk / Return Rank
PONPX
BRW
PONPX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class I-2 (PONPX) 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.
| PONPX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.90 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.47 | +1.80 |
| Martin ratioReturn relative to average drawdown | 4.20 | -0.78 | +4.99 |
Loading charts...
Drawdowns
PONPX vs. BRW - Drawdown Comparison
The maximum PONPX drawdown since its inception was -13.41%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for PONPX and BRW.
Loading charts...
Drawdown Indicators
| PONPX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.41% | -17.74% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -17.74% | +14.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -17.74% | +14.05% |
Max Drawdown (5Y)Largest decline over 5 years | -13.41% | -17.74% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -13.41% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -8.92% | +6.93% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -4.11% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 10.62% | -9.45% |
Volatility
PONPX vs. BRW - Volatility Comparison
The current volatility for PIMCO Income Fund Class I-2 (PONPX) is 1.17%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.91%. This indicates that PONPX 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.
Loading charts...
Volatility by Period
| PONPX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 3.91% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 8.85% | -5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 13.68% | -9.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 13.02% | -8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 12.89% | -8.64% |
PONPX vs. BRW - Expense Ratio Comparison
PONPX has a 0.64% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
PONPX vs. BRW - Dividend Comparison
PONPX's dividend yield for the trailing twelve months is around 5.24%, less than BRW's 15.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.36% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PONPX PIMCO Income Fund Class I-2 | 5.24% | 5.91% | 6.16% | 6.11% | 4.89% | 3.92% | 4.78% | 5.73% | 5.56% | 5.27% | 5.42% | 7.77% |
Frequently Asked Questions
PONPX 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 (3.91%) compared to PONPX (1.17%). In terms of maximum drawdown, PONPX dropped -13.41% vs BRW's -17.74%.
PONPX currently has the higher Sharpe Ratio (1.20 vs -0.61), 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.
Find the right allocation for PONPX and BRW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer