BRCYX vs. CCSZX
BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) and CCSZX (Columbia Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, BRCYX returned 7.09%/yr vs 7.42%/yr for CCSZX. Their correlation of 0.88 suggests significant overlap in exposure. BRCYX charges 1.06%/yr vs 0.86%/yr for CCSZX.
Performance
BRCYX vs. CCSZX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BRCYX having a 24.74% return and CCSZX slightly higher at 25.61%. Both investments have delivered pretty close results over the past 10 years, with BRCYX having a 7.09% annualized return and CCSZX not far ahead at 7.42%.
BRCYX
- 1D
- -0.23%
- 1M
- 1.67%
- 6M
- 17.19%
- YTD
- 24.74%
- 1Y
- 40.30%
- 3Y*
- 15.69%
- 5Y*
- 11.02%
- 10Y*
- 7.09%
CCSZX
- 1D
- 0.00%
- 1M
- 2.39%
- 6M
- 20.37%
- YTD
- 25.61%
- 1Y
- 35.24%
- 3Y*
- 14.75%
- 5Y*
- 12.04%
- 10Y*
- 7.42%
BRCYX vs. CCSZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 24.74% | 18.82% | 5.70% | -3.15% | 7.94% | 19.54% | 7.89% | 4.49% | -12.03% | 4.88% |
CCSZX Columbia Commodity Strategy Fund | 25.61% | 15.36% | 7.11% | -6.90% | 15.80% | 31.34% | -1.17% | 7.45% | -14.09% | 1.71% |
Correlation
The correlation between BRCYX and CCSZX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012 | 0.88 |
The correlation between BRCYX and CCSZX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
BRCYX vs. CCSZX — Risk / Return Rank
BRCYX
CCSZX
BRCYX vs. CCSZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and Columbia Commodity Strategy Fund (CCSZX). 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.
| BRCYX | CCSZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.04 | -0.62 |
| Martin ratioReturn relative to average drawdown | 8.60 | 10.77 | -2.18 |
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Drawdowns
BRCYX vs. CCSZX - Drawdown Comparison
The maximum BRCYX drawdown since its inception was -60.05%, roughly equal to the maximum CCSZX drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for BRCYX and CCSZX.
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Drawdown Indicators
| BRCYX | CCSZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.05% | -61.34% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -11.97% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | -11.97% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -27.86% | +7.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -34.16% | -3.93% |
Current DrawdownCurrent decline from peak | -10.50% | -6.55% | -3.95% |
Average DrawdownAverage peak-to-trough decline | -27.09% | -31.18% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.35% | +1.41% |
Volatility
BRCYX vs. CCSZX - Volatility Comparison
Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) has a higher volatility of 5.44% compared to Columbia Commodity Strategy Fund (CCSZX) at 4.79%. This indicates that BRCYX's price experiences larger fluctuations and is considered to be riskier than CCSZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRCYX | CCSZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 4.79% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 14.42% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 16.90% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 16.95% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 14.90% | -0.57% |
BRCYX vs. CCSZX - Expense Ratio Comparison
BRCYX has a 1.06% expense ratio, which is higher than CCSZX's 0.86% expense ratio.
Dividends
BRCYX vs. CCSZX - Dividend Comparison
BRCYX's dividend yield for the trailing twelve months is around 10.99%, more than CCSZX's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 10.99% | 13.71% | 4.95% | 3.71% | 9.93% | 16.64% | 0.00% | 0.91% | 0.25% | 0.01% | 2.74% |
CCSZX Columbia Commodity Strategy Fund | 2.39% | 3.00% | 8.84% | 4.42% | 94.73% | 36.39% | 0.13% | 1.09% | 18.52% | 0.09% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, BRCYX and CCSZX 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.
BRCYX has higher volatility (5.44%) compared to CCSZX (4.79%). In terms of maximum drawdown, BRCYX dropped -60.05% vs CCSZX's -61.34%.
BRCYX currently has the higher Sharpe Ratio (2.27 vs 2.15), 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.
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