SABA vs. DGFFX
SABA (Saba Capital Income & Opportunities Fund II) and DGFFX (Destinations Global Fixed Income Opportunities Fund) are both Global Bonds funds. Over the past 5 years, SABA returned 2.97%/yr vs 3.75%/yr for DGFFX. At a 0.23 correlation, their price movements are largely independent.
Performance
SABA vs. DGFFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SABA achieves a 2.89% return, which is significantly higher than DGFFX's 2.66% return.
SABA
- 1D
- -0.37%
- 1M
- -2.54%
- YTD
- 2.89%
- 6M
- 1.91%
- 1Y
- -1.67%
- 3Y*
- 9.11%
- 5Y*
- 2.97%
- 10Y*
- 2.80%
DGFFX
- 1D
- -0.11%
- 1M
- 0.61%
- YTD
- 2.66%
- 6M
- 2.73%
- 1Y
- 6.07%
- 3Y*
- 7.32%
- 5Y*
- 3.75%
- 10Y*
- —
SABA vs. DGFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SABA Saba Capital Income & Opportunities Fund II | 2.89% | -0.31% | 31.32% | -2.77% | -9.02% | 1.05% | -6.63% | 8.55% | -1.25% | 1.19% |
DGFFX Destinations Global Fixed Income Opportunities Fund | 2.66% | 5.84% | 8.04% | 7.82% | -6.09% | 4.91% | 3.59% | 6.64% | -0.35% | 3.57% |
Correlation
The correlation between SABA and DGFFX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.23 |
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
SABA vs. DGFFX — Risk / Return Rank
SABA
DGFFX
SABA vs. DGFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund II (SABA) and Destinations Global Fixed Income Opportunities Fund (DGFFX). 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.
| SABA | DGFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -6.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.89 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 6.46 | -6.62 |
| Martin ratioReturn relative to average drawdown | -0.31 | 29.25 | -29.56 |
Loading charts...
Drawdowns
SABA vs. DGFFX - Drawdown Comparison
The maximum SABA drawdown since its inception was -32.37%, which is greater than DGFFX's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for SABA and DGFFX.
Loading charts...
Drawdown Indicators
| SABA | DGFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.37% | -12.69% | -19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -1.19% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.96% | -3.38% | -11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.76% | -8.17% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -31.39% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -0.21% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -1.32% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 0.45% | +4.97% |
Volatility
SABA vs. DGFFX - Volatility Comparison
Saba Capital Income & Opportunities Fund II (SABA) has a higher volatility of 2.98% compared to Destinations Global Fixed Income Opportunities Fund (DGFFX) at 0.62%. This indicates that SABA's price experiences larger fluctuations and is considered to be riskier than DGFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SABA | DGFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 0.62% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 1.47% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 2.08% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 2.43% | +12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 2.60% | +14.05% |
Dividends
SABA vs. DGFFX - Dividend Comparison
SABA's dividend yield for the trailing twelve months is around 9.78%, more than DGFFX's 6.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 6.24% | 5.52% | 6.81% | 4.95% | 3.37% | 4.14% | 4.22% | 4.18% | 3.79% | 2.94% | 0.00% | 0.00% |
SABA Saba Capital Income & Opportunities Fund II | 9.78% | 9.65% | 8.32% | 11.43% | 9.14% | 7.19% | 4.00% | 6.68% | 5.81% | 4.44% | 4.63% | 4.72% |
Frequently Asked Questions
SABA and DGFFX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SABA has higher volatility (2.98%) compared to DGFFX (0.62%). In terms of maximum drawdown, SABA dropped -32.37% vs DGFFX's -12.69%.
DGFFX currently has the higher Sharpe Ratio (3.71 vs -0.14), 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 SABA and DGFFX
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