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BCSKX vs. BRCAX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BCSKX vs. BRCAX

Last updated Apr 1, 2026

Compare and contrast key facts about BlackRock Commodity Strategies Fund Class K (BCSKX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX).

BCSKX is a passively managed fund by BlackRock that tracks the performance of the Bloomberg Commodity Index Total Return. It was launched on Oct 3, 2011. BRCAX is managed by Invesco. It was launched on Nov 30, 2010.

Performance

BCSKX vs. BRCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Commodity Strategies Fund Class K (BCSKX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX). The values are adjusted to include any dividend payments, if applicable.

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BCSKX vs. BRCAX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BCSKX
BlackRock Commodity Strategies Fund Class K		19.21%28.88%4.44%-4.27%11.95%22.49%6.84%3.89%2.06%
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%-13.29%

Returns By Period

In the year-to-date period, BCSKX achieves a 19.21% return, which is significantly lower than BRCAX's 27.94% return.

BCSKX

1D
0.24%
1M
0.65%
YTD
19.21%
6M
26.57%
1Y
40.92%
3Y*
16.13%
5Y*
14.29%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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BlackRock Commodity Strategies Fund Class K

Invesco Balanced-Risk Commodity Strategy Fund Class A

Often compared with BCSKX:
BCSKX vs. GCCIXBCSKX vs. SRUUFBCSKX vs. FYHTXBCSKX vs. BRCYXBCSKX vs. PCLPXBCSKX vs. FIQRXBCSKX vs. PCLAX
Often compared with BRCAX:
BRCAX vs. HARDBRCAX vs. LCSIXBRCAX vs. VTIBRCAX vs. FCNVXBRCAX vs. FADMXBRCAX vs. SRUUFBRCAX vs. MCSFX

BCSKX vs. BRCAX - Expense Ratio Comparison

BCSKX has a 0.67% expense ratio, which is lower than BRCAX's 1.40% expense ratio.

BRCAX
Invesco Balanced-Risk Commodity Strategy Fund Class A
BCSKX
BlackRock Commodity Strategies Fund Class K

Return for Risk

BCSKX vs. BRCAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCSKX
BCSKX Risk / Return Rank: 9696
Overall Rank
BCSKX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BCSKX Sortino Ratio Rank: 9595
Sortino Ratio Rank
BCSKX Omega Ratio Rank: 9393
Omega Ratio Rank
BCSKX Calmar Ratio Rank: 9797
Calmar Ratio Rank
BCSKX Martin Ratio Rank: 9898
Martin Ratio Rank
BRCAX
BRCAX Risk / Return Rank: 9696
Overall Rank
BRCAX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BRCAX Sortino Ratio Rank: 9595
Sortino Ratio Rank
BRCAX Omega Ratio Rank: 9494
Omega Ratio Rank
BRCAX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BRCAX Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCSKX vs. BRCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Commodity Strategies Fund Class K (BCSKX) 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.

BCSKXBRCAXDifference

Sharpe ratio

Return per unit of total volatility

2.58

2.58

0.00

Sortino ratio

Return per unit of downside risk

3.25

3.11

+0.14

Omega ratio

Gain probability vs. loss probability

1.47

1.48

-0.01

Calmar ratio

Return relative to maximum drawdown

3.89

4.74

-0.85

Martin ratio

Return relative to average drawdown

19.70

15.98

+3.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCSKX vs. BRCAX - Sharpe Ratio Comparison

The current BCSKX Sharpe Ratio is 2.58, which is comparable to the BRCAX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of BCSKX and BRCAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

BCSKXBRCAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.58

2.58

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.85

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.16

+0.59

Correlation

The correlation between BCSKX and BRCAX is 0.74, 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

BCSKX vs. BRCAX - Dividend Comparison

BCSKX's dividend yield for the trailing twelve months is around 2.63%, less than BRCAX's 10.95% yield.

TTM2025202420232022202120202019201820172016
BCSKX
BlackRock Commodity Strategies Fund Class K		2.63%3.13%3.66%9.45%9.11%2.72%0.84%2.08%2.02%0.00%0.00%
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

BCSKX vs. BRCAX - Drawdown Comparison

The maximum BCSKX drawdown since its inception was -30.34%, smaller than the maximum BRCAX drawdown of -60.98%. Use the drawdown chart below to compare losses from any high point for BCSKX and BRCAX.

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Drawdown Indicators

BCSKXBRCAXDifference

Max Drawdown

Largest peak-to-trough decline

-30.34%

-60.98%

+30.64%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-9.22%

-1.29%

Max Drawdown (5Y)

Largest decline over 5 years

-22.34%

-20.66%

-1.68%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.44%

—

Current Drawdown

Current decline from peak

-1.36%

-0.12%

-1.24%

Average Drawdown

Average peak-to-trough decline

-6.67%

-28.81%

+22.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

2.74%

-0.66%

Volatility

BCSKX vs. BRCAX - Volatility Comparison

The current volatility for BlackRock Commodity Strategies Fund Class K (BCSKX) is 4.44%, while Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) has a volatility of 7.20%. This indicates that BCSKX 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

BCSKXBRCAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.44%

7.20%

-2.76%

Volatility (6M)

Calculated over the trailing 6-month period

12.33%

14.88%

-2.55%

Volatility (1Y)

Calculated over the trailing 1-year period

16.16%

17.16%

-1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.80%

15.64%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

14.27%

+0.81%