ARCIX vs. BRCAX
Compare and contrast key facts about AQR Risk-Balanced Commodities Strategy Fund (ARCIX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX).
ARCIX is managed by AQR Funds. It was launched on Jul 8, 2012. BRCAX is managed by Invesco. It was launched on Nov 30, 2010.
Performance
ARCIX vs. BRCAX - Performance Comparison
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ARCIX vs. BRCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARCIX AQR Risk-Balanced Commodities Strategy Fund | 17.04% | 20.99% | 7.43% | -0.22% | 21.39% | 39.74% | 8.15% | 18.15% | -17.56% | 10.41% |
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A | 27.94% | 18.41% | 5.47% | -3.44% | 7.77% | 19.18% | 7.75% | 4.20% | -12.18% | 4.49% |
Returns By Period
In the year-to-date period, ARCIX achieves a 17.04% return, which is significantly lower than BRCAX's 27.94% return. Over the past 10 years, ARCIX has outperformed BRCAX with an annualized return of 12.98%, while BRCAX has yielded a comparatively lower 8.46% annualized return.
ARCIX
- 1D
- 0.56%
- 1M
- 6.06%
- YTD
- 17.04%
- 6M
- 26.39%
- 1Y
- 30.67%
- 3Y*
- 14.38%
- 5Y*
- 18.72%
- 10Y*
- 12.98%
BRCAX
- 1D
- 0.84%
- 1M
- 11.88%
- YTD
- 27.94%
- 6M
- 36.77%
- 1Y
- 42.90%
- 3Y*
- 16.42%
- 5Y*
- 13.17%
- 10Y*
- 8.46%
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ARCIX vs. BRCAX - Expense Ratio Comparison
ARCIX has a 1.00% expense ratio, which is lower than BRCAX's 1.40% expense ratio.
Return for Risk
ARCIX vs. BRCAX — Risk / Return Rank
ARCIX
BRCAX
ARCIX vs. BRCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AQR Risk-Balanced Commodities Strategy Fund (ARCIX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX). 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.
| ARCIX | BRCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 2.58 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.48 | 3.11 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 4.74 | -1.67 |
Martin ratioReturn relative to average drawdown | 9.79 | 15.98 | -6.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARCIX | BRCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.58 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.85 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.60 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.14 |
Correlation
The correlation between ARCIX and BRCAX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ARCIX vs. BRCAX - Dividend Comparison
ARCIX's dividend yield for the trailing twelve months is around 11.48%, more than BRCAX's 10.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARCIX AQR Risk-Balanced Commodities Strategy Fund | 11.48% | 13.44% | 2.11% | 7.56% | 9.51% | 18.23% | 0.09% | 5.19% | 0.67% | 0.01% | 4.82% |
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A | 10.95% | 14.02% | 4.85% | 3.80% | 9.98% | 16.92% | 0.00% | 0.89% | 0.17% | 0.00% | 2.58% |
Drawdowns
ARCIX vs. BRCAX - Drawdown Comparison
The maximum ARCIX drawdown since its inception was -54.25%, smaller than the maximum BRCAX drawdown of -60.98%. Use the drawdown chart below to compare losses from any high point for ARCIX and BRCAX.
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Drawdown Indicators
| ARCIX | BRCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -60.98% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -9.22% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -20.66% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | -38.44% | +5.99% |
Current DrawdownCurrent decline from peak | -1.09% | -0.12% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -28.81% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.74% | +0.47% |
Volatility
ARCIX vs. BRCAX - Volatility Comparison
The current volatility for AQR Risk-Balanced Commodities Strategy Fund (ARCIX) is 5.41%, while Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) has a volatility of 7.20%. This indicates that ARCIX experiences smaller price fluctuations and is considered to be less risky than BRCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARCIX | BRCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.20% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 14.88% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 17.16% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 15.64% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 14.27% | +3.19% |