TFGPX vs. BRW
TFGPX (American Beacon TwentyFour Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, TFGPX returned 2.54%/yr vs 6.57%/yr for BRW. At a 0.17 correlation, their price movements are largely independent. TFGPX charges 1.09%/yr vs 1.71%/yr for BRW.
Performance
TFGPX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, TFGPX achieves a 1.52% return, which is significantly lower than BRW's 2.74% return.
TFGPX
- 1D
- 0.12%
- 1M
- 0.38%
- 6M
- 1.17%
- YTD
- 1.52%
- 1Y
- 5.03%
- 3Y*
- 8.70%
- 5Y*
- 2.54%
- 10Y*
- —
BRW
- 1D
- -0.60%
- 1M
- 1.90%
- 6M
- 3.48%
- YTD
- 2.74%
- 1Y
- -5.38%
- 3Y*
- 10.23%
- 5Y*
- 6.57%
- 10Y*
- —
TFGPX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TFGPX American Beacon TwentyFour Strategic Income Fund | 1.52% | 6.98% | 8.63% | 11.49% | -13.36% | 0.43% |
BRW Saba Capital Income & Opportunities Fund | 2.74% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between TFGPX and BRW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.17 |
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Return for Risk
TFGPX vs. BRW — Risk / Return Rank
TFGPX
BRW
TFGPX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon TwentyFour Strategic Income Fund (TFGPX) 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.
| TFGPX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.94 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.30 | +2.17 |
| Martin ratioReturn relative to average drawdown | 6.62 | -0.52 | +7.14 |
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Drawdowns
TFGPX vs. BRW - Drawdown Comparison
The maximum TFGPX drawdown since its inception was -20.18%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for TFGPX and BRW.
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Drawdown Indicators
| TFGPX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.18% | -17.74% | -2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -17.74% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.03% | -17.74% | +14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.18% | -17.74% | -2.44% |
Current DrawdownCurrent decline from peak | -0.35% | -9.47% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -4.05% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 10.39% | -9.65% |
Volatility
TFGPX vs. BRW - Volatility Comparison
The current volatility for American Beacon TwentyFour Strategic Income Fund (TFGPX) is 0.58%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 3.92%. This indicates that TFGPX 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
| TFGPX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 3.92% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 8.38% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.33% | 13.40% | -11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 12.96% | -9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 12.88% | -9.04% |
TFGPX vs. BRW - Expense Ratio Comparison
TFGPX has a 1.09% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
TFGPX vs. BRW - Dividend Comparison
TFGPX's dividend yield for the trailing twelve months is around 4.47%, less than BRW's 15.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.46% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% |
TFGPX American Beacon TwentyFour Strategic Income Fund | 4.47% | 4.50% | 4.64% | 5.30% | 18.16% | 3.36% | 3.19% | 3.69% | 5.99% | 2.26% |
Frequently Asked Questions
TFGPX 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 (3.92%) compared to TFGPX (0.58%). In terms of maximum drawdown, TFGPX dropped -20.18% vs BRW's -17.74%.
TFGPX currently has the higher Sharpe Ratio (2.12 vs -0.40), 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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