BRCAX vs. HARD
Compare and contrast key facts about Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) and Simplify Commodities Strategy No K-1 ETF (HARD).
BRCAX is managed by Invesco. It was launched on Nov 30, 2010. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRCAX or HARD.
Key characteristics
| BRCAX | HARD | |
|---|---|---|
| YTD Return | 5.57% | 5.70% |
| 1Y Return | 4.10% | 4.40% |
| Sharpe Ratio | 0.34 | 0.32 |
| Sortino Ratio | 0.55 | 0.56 |
| Omega Ratio | 1.06 | 1.07 |
| Calmar Ratio | 0.15 | 0.34 |
| Martin Ratio | 1.04 | 0.84 |
| Ulcer Index | 3.79% | 4.82% |
| Daily Std Dev | 11.79% | 12.49% |
| Max Drawdown | -60.98% | -11.78% |
| Current Drawdown | -21.11% | -7.54% |
Correlation
The correlation between BRCAX and HARD is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BRCAX vs. HARD - Performance Comparison
The year-to-date returns for both investments are quite close, with BRCAX having a 5.57% return and HARD slightly higher at 5.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BRCAX vs. HARD - Expense Ratio Comparison
BRCAX has a 1.40% expense ratio, which is higher than HARD's 0.75% expense ratio.
Risk-Adjusted Performance
BRCAX vs. HARD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) and Simplify Commodities Strategy No K-1 ETF (HARD). 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.
Dividends
BRCAX vs. HARD - Dividend Comparison
BRCAX's dividend yield for the trailing twelve months is around 3.20%, less than HARD's 3.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A | 3.20% | 3.38% | 9.99% | 16.91% | 0.00% | 0.89% | 0.15% | 0.00% | 2.57% | 0.00% | 0.00% | 0.08% |
HARD Simplify Commodities Strategy No K-1 ETF | 3.56% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BRCAX vs. HARD - Drawdown Comparison
The maximum BRCAX drawdown since its inception was -60.98%, which is greater than HARD's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for BRCAX and HARD. For additional features, visit the drawdowns tool.
Volatility
BRCAX vs. HARD - Volatility Comparison
The current volatility for Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) is 3.80%, while Simplify Commodities Strategy No K-1 ETF (HARD) has a volatility of 6.13%. This indicates that BRCAX experiences smaller price fluctuations and is considered to be less risky than HARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.