WIORX vs. BRW
WIORX (Wilshire Income Opportunities Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, WIORX returned 0.97%/yr vs 7.11%/yr for BRW. At a 0.16 correlation, their price movements are largely independent. WIORX charges 1.15%/yr vs 1.71%/yr for BRW.
Performance
WIORX vs. BRW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WIORX achieves a 0.54% return, which is significantly lower than BRW's 3.83% return.
WIORX
- 1D
- 0.11%
- 1M
- 0.44%
- YTD
- 0.54%
- 6M
- 0.64%
- 1Y
- 5.03%
- 3Y*
- 5.19%
- 5Y*
- 0.97%
- 10Y*
- —
BRW
- 1D
- -1.16%
- 1M
- 0.52%
- YTD
- 3.83%
- 6M
- 1.86%
- 1Y
- 4.10%
- 3Y*
- 10.09%
- 5Y*
- 7.11%
- 10Y*
- —
WIORX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WIORX Wilshire Income Opportunities Fund | 0.54% | 7.18% | 3.49% | 6.35% | -11.18% | -0.00% |
BRW Saba Capital Income & Opportunities Fund | 3.83% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between WIORX 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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.16 |
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
WIORX vs. BRW — Risk / Return Rank
WIORX
BRW
WIORX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wilshire Income Opportunities Fund (WIORX) 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.
| WIORX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.23 | +1.63 |
| Martin ratioReturn relative to average drawdown | 6.33 | 0.42 | +5.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WIORX | BRW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.31 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.56 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.59 | +0.08 |
Drawdowns
WIORX vs. BRW - Drawdown Comparison
The maximum WIORX drawdown since its inception was -15.02%, smaller than the maximum BRW drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for WIORX and BRW.
Loading charts...
Drawdown Indicators
| WIORX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -17.74% | +2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -17.74% | +15.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -17.74% | +13.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -17.74% | +2.72% |
Current DrawdownCurrent decline from peak | -0.98% | -8.51% | +7.53% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -3.93% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 9.86% | -9.06% |
Volatility
WIORX vs. BRW - Volatility Comparison
The current volatility for Wilshire Income Opportunities Fund (WIORX) is 1.23%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 2.28%. This indicates that WIORX 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.
Loading charts...
Volatility by Period
| WIORX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.28% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 7.54% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 13.20% | -10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 12.86% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 12.86% | -9.14% |
WIORX vs. BRW - Expense Ratio Comparison
WIORX has a 1.15% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
WIORX vs. BRW - Dividend Comparison
WIORX's dividend yield for the trailing twelve months is around 4.38%, less than BRW's 14.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 14.89% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% |
WIORX Wilshire Income Opportunities Fund | 4.38% | 4.48% | 4.38% | 2.79% | 3.40% | 3.49% | 3.79% | 3.75% | 3.06% | 4.46% |
Frequently Asked Questions
WIORX 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 (2.28%) compared to WIORX (1.23%). In terms of maximum drawdown, WIORX dropped -15.02% vs BRW's -17.74%.
WIORX currently has the higher Sharpe Ratio (1.72 vs 0.31), 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 WIORX and BRW
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