BRCAX vs. BRCYX

Last updated Jun 4, 2026

BRCAX (Invesco Balanced-Risk Commodity Strategy Fund Class A) and BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) are both Commodities funds from Invesco. Over the past 10 years, BRCAX returned 7.75%/yr vs 8.01%/yr for BRCYX. With a 0.99 correlation, they move nearly in lockstep. BRCAX charges 1.40%/yr vs 1.06%/yr for BRCYX.

Performance

BRCAX vs. BRCYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with BRCAX having a 32.52% return and BRCYX slightly higher at 32.65%. Both investments have delivered pretty close results over the past 10 years, with BRCAX having a 7.75% annualized return and BRCYX not far ahead at 8.01%.

BRCAX

• 1D: 0.35%
• 1M: -2.36%
• YTD: 32.52%
• 6M: 33.47%
• 1Y: 51.63%
• 3Y*: 19.44%
• 5Y*: 11.78%
• 10Y*: 7.75%

BRCYX

• 1D: 0.33%
• 1M: -2.37%
• YTD: 32.65%
• 6M: 33.56%
• 1Y: 52.04%
• 3Y*: 19.75%
• 5Y*: 12.06%
• 10Y*: 8.01%

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

BRCAX vs. BRCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	32.52%	18.41%	5.47%	-3.44%	7.77%	19.18%	7.75%	4.20%	-12.18%	4.49%
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	32.65%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%

Correlation

The correlation between BRCAX and BRCYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 1, 2010	0.99

The correlation between BRCAX and BRCYX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

BRCAX vs. BRCYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRCAX

BRCAX Risk / Return Rank: 88
BRCAX Sharpe Ratio Rank: 91
BRCAX Sortino Ratio Rank: 75
BRCAX Omega Ratio Rank: 82
BRCAX Calmar Ratio Rank: 95
BRCAX Martin Ratio Rank: 95

BRCYX

BRCYX Risk / Return Rank: 88
BRCYX Sharpe Ratio Rank: 92
BRCYX Sortino Ratio Rank: 77
BRCYX Omega Ratio Rank: 83
BRCYX Calmar Ratio Rank: 95
BRCYX Martin Ratio Rank: 96

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.

BRCAX vs. BRCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX). 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.

	BRCAX	BRCYX	Difference
Sharpe ratio: Return per unit of total volatility	3.05	3.08	-0.03
Sortino ratio: Return per unit of downside risk	3.63	3.67	-0.04
Omega ratio: Gain probability vs. loss probability	1.55	1.55	-0.01
Calmar ratio: Return relative to maximum drawdown	5.70	5.82	-0.12
Martin ratio: Return relative to average drawdown	22.91	23.25	-0.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRCAX vs. BRCYX - Sharpe Ratio Comparison

The current BRCAX Sharpe Ratio is 3.05, which is comparable to the BRCYX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of BRCAX and BRCYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRCAX	BRCYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	3.08	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.77	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.56	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.20	-0.02

Drawdowns

BRCAX vs. BRCYX - Drawdown Comparison

The maximum BRCAX drawdown since its inception was -60.98%, roughly equal to the maximum BRCYX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for BRCAX and BRCYX.

Drawdown Indicators

	BRCAX	BRCYX	Difference
Max Drawdown Largest peak-to-trough decline	-60.98%	-60.05%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	-9.10%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-9.21%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-20.42%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	-38.44%	-38.09%	-0.35%
Current Drawdown Current decline from peak	-4.82%	-4.83%	+0.01%
Average Drawdown Average peak-to-trough decline	-28.50%	-27.21%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.27%	+0.02%

Volatility

BRCAX vs. BRCYX - Volatility Comparison

Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) have volatilities of 5.36% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRCAX	BRCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	5.40%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	15.49%	15.42%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	17.22%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	15.80%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.30%	14.26%	+0.04%

BRCAX vs. BRCYX - Expense Ratio Comparison

BRCAX has a 1.40% expense ratio, which is higher than BRCYX's 1.06% expense ratio.

Dividends

BRCAX vs. BRCYX - Dividend Comparison

BRCAX's dividend yield for the trailing twelve months is around 10.58%, more than BRCYX's 10.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	10.58%	14.02%	4.85%	3.80%	9.98%	16.92%	0.00%	0.89%	0.17%	0.00%	2.58%
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	10.34%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%

Frequently Asked Questions

Can I hold both BRCAX and BRCYX in my portfolio?

With a correlation of 1.00, BRCAX and BRCYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BRCAX or BRCYX?

BRCYX has higher volatility (5.40%) compared to BRCAX (5.36%). In terms of maximum drawdown, BRCAX dropped -60.98% vs BRCYX's -60.05%.

Which has better risk-adjusted returns?

BRCYX currently has the higher Sharpe Ratio (3.08 vs 3.05), 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.