RA vs. BRW
RA (Brookfield Real Assets Income Fund Inc.) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, RA returned 1.16%/yr vs 6.88%/yr for BRW. At a 0.28 correlation, their price movements are largely independent. RA charges 2.76%/yr vs 1.71%/yr for BRW.
Performance
RA vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, RA achieves a 5.96% return, which is significantly higher than BRW's 4.46% return.
RA
- 1D
- 0.16%
- 1M
- 3.25%
- 6M
- 5.07%
- YTD
- 5.96%
- 1Y
- 7.22%
- 3Y*
- 2.48%
- 5Y*
- 1.16%
- 10Y*
- —
BRW
- 1D
- 0.90%
- 1M
- 3.60%
- 6M
- 4.83%
- YTD
- 4.46%
- 1Y
- -3.21%
- 3Y*
- 10.13%
- 5Y*
- 6.88%
- 10Y*
- —
RA vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RA Brookfield Real Assets Income Fund Inc. | 5.96% | 8.32% | 15.87% | -9.02% | -13.47% | 4.31% |
BRW Saba Capital Income & Opportunities Fund | 4.46% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between RA and BRW is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.28 |
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Return for Risk
RA vs. BRW — Risk / Return Rank
RA
BRW
RA vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Real Assets Income Fund Inc. (RA) 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.
| RA | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.18 | +1.26 |
| Martin ratioReturn relative to average drawdown | 2.91 | -0.31 | +3.22 |
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Drawdowns
RA vs. BRW - Drawdown Comparison
The maximum RA drawdown since its inception was -50.66%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for RA and BRW.
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Drawdown Indicators
| RA | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.66% | -17.74% | -32.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -17.74% | +11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -28.42% | -17.74% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -17.74% | -13.09% |
Current DrawdownCurrent decline from peak | -0.77% | -7.96% | +7.19% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -4.06% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 10.42% | -7.92% |
Volatility
RA vs. BRW - Volatility Comparison
The current volatility for Brookfield Real Assets Income Fund Inc. (RA) is 1.84%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.31%. This indicates that RA 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
| RA | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 3.31% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 8.42% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 13.46% | -5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 12.98% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 12.88% | +7.66% |
RA vs. BRW - Expense Ratio Comparison
RA has a 2.76% expense ratio, which is higher than BRW's 1.71% expense ratio.
Dividends
RA vs. BRW - Dividend Comparison
RA's dividend yield for the trailing twelve months is around 10.99%, less than BRW's 15.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.20% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RA Brookfield Real Assets Income Fund Inc. | 10.99% | 10.93% | 10.63% | 16.74% | 14.79% | 11.31% | 13.39% | 11.19% | 12.52% | 10.22% | 0.89% |
Frequently Asked Questions
RA and BRW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.31%) compared to RA (1.84%). In terms of maximum drawdown, RA dropped -50.66% vs BRW's -17.74%.
RA currently has the higher Sharpe Ratio (0.87 vs -0.24), 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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