RPSIX vs. BRW
RPSIX (T. Rowe Price Spectrum Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, RPSIX returned 2.55%/yr vs 7.20%/yr for BRW. At a 0.24 correlation, their price movements are largely independent. RPSIX charges 0.62%/yr vs 1.71%/yr for BRW.
Performance
RPSIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, RPSIX achieves a 1.28% return, which is significantly lower than BRW's 4.15% return.
RPSIX
- 1D
- 0.09%
- 1M
- -0.16%
- 6M
- 1.02%
- YTD
- 1.28%
- 1Y
- 6.64%
- 3Y*
- 6.96%
- 5Y*
- 2.55%
- 10Y*
- 3.67%
BRW
- 1D
- -0.60%
- 1M
- 2.04%
- 6M
- 3.76%
- YTD
- 4.15%
- 1Y
- -3.85%
- 3Y*
- 9.83%
- 5Y*
- 7.20%
- 10Y*
- —
RPSIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RPSIX T. Rowe Price Spectrum Income Fund | 1.28% | 9.91% | 5.62% | 8.55% | -11.40% | 0.99% |
BRW Saba Capital Income & Opportunities Fund | 4.15% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between RPSIX and BRW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.24 |
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Return for Risk
RPSIX vs. BRW — Risk / Return Rank
RPSIX
BRW
RPSIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Income Fund (RPSIX) 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.
| RPSIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.96 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | -0.22 | +2.95 |
| Martin ratioReturn relative to average drawdown | 12.95 | -0.37 | +13.32 |
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Drawdowns
RPSIX vs. BRW - Drawdown Comparison
The maximum RPSIX drawdown since its inception was -16.73%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for RPSIX and BRW.
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Drawdown Indicators
| RPSIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -17.74% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -17.74% | +15.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -17.74% | +12.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -17.74% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.73% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -8.23% | +7.88% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -4.06% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 10.44% | -9.91% |
Volatility
RPSIX vs. BRW - Volatility Comparison
The current volatility for T. Rowe Price Spectrum Income Fund (RPSIX) is 0.83%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.37%. This indicates that RPSIX 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
| RPSIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 3.37% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 8.42% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 13.46% | -10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 12.95% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 12.87% | -8.34% |
RPSIX vs. BRW - Expense Ratio Comparison
RPSIX has a 0.62% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
RPSIX vs. BRW - Dividend Comparison
RPSIX's dividend yield for the trailing twelve months is around 7.11%, less than BRW's 15.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.25% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPSIX T. Rowe Price Spectrum Income Fund | 7.11% | 7.45% | 6.57% | 4.83% | 3.99% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.75% | 4.71% |
Frequently Asked Questions
RPSIX and BRW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (3.37%) compared to RPSIX (0.83%). In terms of maximum drawdown, RPSIX dropped -16.73% vs BRW's -17.74%.
RPSIX currently has the higher Sharpe Ratio (2.27 vs -0.29), 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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