BRCAX vs. VTI

Last updated Jun 24, 2026

BRCAX (Invesco Balanced-Risk Commodity Strategy Fund Class A) and VTI (Vanguard Total Stock Market ETF) are both funds - BRCAX is a Commodities fund managed by Invesco, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, BRCAX returned 6.60%/yr vs 15.14%/yr for VTI. At a 0.24 correlation, their price movements are largely independent. BRCAX charges 1.40%/yr vs 0.03%/yr for VTI.

Performance

BRCAX vs. VTI - 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 Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRCAX achieves a 20.15% return, which is significantly higher than VTI's 8.82% return. Over the past 10 years, BRCAX has underperformed VTI with an annualized return of 6.60%, while VTI has yielded a comparatively higher 15.14% annualized return.

BRCAX

• 1D: -0.76%
• 1M: -10.26%
• YTD: 20.15%
• 6M: 19.24%
• 1Y: 33.60%
• 3Y*: 15.30%
• 5Y*: 10.34%
• 10Y*: 6.60%

VTI

• 1D: -1.39%
• 1M: -0.84%
• YTD: 8.82%
• 6M: 7.71%
• 1Y: 24.22%
• 3Y*: 20.62%
• 5Y*: 11.90%
• 10Y*: 15.14%

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

BRCAX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	20.15%	18.41%	5.47%	-3.44%	7.77%	19.18%	7.75%	4.20%	-12.18%	4.49%
VTI Vanguard Total Stock Market ETF	8.82%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between BRCAX and VTI is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.24

Over the past year, the correlation between BRCAX and VTI has dropped to 0.00 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.

Return for Risk

BRCAX vs. VTI — Risk / Return Rank

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

BRCAX

BRCAX Risk / Return Rank: 45
BRCAX Sharpe Ratio Rank: 47
BRCAX Sortino Ratio Rank: 37
BRCAX Omega Ratio Rank: 44
BRCAX Calmar Ratio Rank: 44
BRCAX Martin Ratio Rank: 53

VTI

VTI Risk / Return Rank: 59
VTI Sharpe Ratio Rank: 58
VTI Sortino Ratio Rank: 56
VTI Omega Ratio Rank: 57
VTI Calmar Ratio Rank: 57
VTI Martin Ratio Rank: 68

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. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRCAX	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.90	-0.05
Sortino ratio: Return per unit of downside risk	2.36	2.59	-0.23
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	2.40	2.73	-0.33
Martin ratio: Return relative to average drawdown	10.21	12.14	-1.93

BRCAX vs. VTI - Sharpe Ratio Comparison

The current BRCAX Sharpe Ratio is 1.86, which is comparable to the VTI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BRCAX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRCAX vs. VTI - Drawdown Comparison

The maximum BRCAX drawdown since its inception was -60.98%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for BRCAX and VTI.

Drawdown Indicators

	BRCAX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-60.98%	-55.45%	-5.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-8.92%	-4.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	-19.30%	+5.59%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-25.36%	+4.70%
Max Drawdown (10Y) Largest decline over 10 years	-38.44%	-35.00%	-3.44%
Current Drawdown Current decline from peak	-13.71%	-2.85%	-10.86%
Average Drawdown Average peak-to-trough decline	-28.43%	-8.01%	-20.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.00%	+1.27%

Volatility

BRCAX vs. VTI - Volatility Comparison

The current volatility for Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) is 4.52%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.95%. This indicates that BRCAX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRCAX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	4.95%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	15.87%	10.05%	+5.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	12.83%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	17.51%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	18.32%	-3.97%

BRCAX vs. VTI - Expense Ratio Comparison

BRCAX has a 1.40% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

BRCAX vs. VTI - Dividend Comparison

BRCAX's dividend yield for the trailing twelve months is around 11.66%, more than VTI's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	11.66%	14.02%	4.85%	3.80%	9.98%	16.92%	0.00%	0.89%	0.17%	0.00%	2.58%	0.00%
VTI Vanguard Total Stock Market ETF	1.04%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both BRCAX and VTI in my portfolio?

BRCAX and VTI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRCAX or VTI?

VTI has higher volatility (4.95%) compared to BRCAX (4.52%). In terms of maximum drawdown, BRCAX dropped -60.98% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.90 vs 1.86), 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.