RNSIX vs. BRW
RNSIX (RiverNorth Doubleline Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, RNSIX returned 2.19%/yr vs 6.64%/yr for BRW. At a 0.22 correlation, their price movements are largely independent. RNSIX charges 0.87%/yr vs 1.71%/yr for BRW.
Performance
RNSIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, RNSIX achieves a 0.74% return, which is significantly lower than BRW's 3.52% return.
RNSIX
- 1D
- -0.12%
- 1M
- 0.08%
- 6M
- 0.40%
- YTD
- 0.74%
- 1Y
- 4.79%
- 3Y*
- 7.14%
- 5Y*
- 2.19%
- 10Y*
- 3.66%
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
RNSIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNSIX RiverNorth Doubleline Strategic Income Fund | 0.74% | 7.59% | 7.29% | 9.18% | -12.68% | 2.14% |
BRW Saba Capital Income & Opportunities Fund | 3.52% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between RNSIX and BRW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.22 |
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Return for Risk
RNSIX vs. BRW — Risk / Return Rank
RNSIX
BRW
RNSIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverNorth Doubleline Strategic Income Fund (RNSIX) 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.
| RNSIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.95 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.26 | +2.49 |
| Martin ratioReturn relative to average drawdown | 7.79 | -0.45 | +8.24 |
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Drawdowns
RNSIX vs. BRW - Drawdown Comparison
The maximum RNSIX drawdown since its inception was -16.08%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for RNSIX and BRW.
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Drawdown Indicators
| RNSIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.08% | -17.74% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | -17.74% | +15.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -17.74% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -17.74% | +1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -8.78% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -4.05% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 10.41% | -9.82% |
Volatility
RNSIX vs. BRW - Volatility Comparison
The current volatility for RiverNorth Doubleline Strategic Income Fund (RNSIX) is 0.87%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.36%. This indicates that RNSIX 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
| RNSIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 3.36% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 8.38% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 13.45% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 12.97% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 12.87% | -8.39% |
RNSIX vs. BRW - Expense Ratio Comparison
RNSIX has a 0.87% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
RNSIX vs. BRW - Dividend Comparison
RNSIX's dividend yield for the trailing twelve months is around 6.66%, 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% |
RNSIX RiverNorth Doubleline Strategic Income Fund | 6.66% | 6.52% | 6.37% | 5.13% | 8.40% | 4.20% | 4.34% | 5.17% | 5.45% | 5.08% | 5.22% | 5.83% |
Frequently Asked Questions
RNSIX and BRW have a correlation of 0.18, 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 RNSIX (0.87%). In terms of maximum drawdown, RNSIX dropped -16.08% vs BRW's -17.74%.
RNSIX currently has the higher Sharpe Ratio (1.64 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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