BRCYX vs. FFGCX

Last updated Jun 24, 2026

BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) and FFGCX (Fidelity Global Commodity Stock Fund) are both Commodities funds. Over the past 10 years, BRCYX returned 6.87%/yr vs 12.49%/yr for FFGCX. A 0.57 correlation means they provide meaningful diversification when combined. BRCYX charges 1.06%/yr vs 0.94%/yr for FFGCX.

Performance

BRCYX vs. FFGCX - Performance Comparison

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

Returns By Period

In the year-to-date period, BRCYX achieves a 20.35% return, which is significantly higher than FFGCX's 15.94% return. Over the past 10 years, BRCYX has underperformed FFGCX with an annualized return of 6.87%, while FFGCX has yielded a comparatively higher 12.49% annualized return.

BRCYX

• 1D: -0.72%
• 1M: -10.16%
• YTD: 20.35%
• 6M: 19.48%
• 1Y: 34.00%
• 3Y*: 15.57%
• 5Y*: 10.64%
• 10Y*: 6.87%

FFGCX

• 1D: 0.31%
• 1M: -5.60%
• YTD: 15.94%
• 6M: 15.33%
• 1Y: 36.54%
• 3Y*: 17.56%
• 5Y*: 12.96%
• 10Y*: 12.49%

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

BRCYX vs. FFGCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	20.35%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%
FFGCX Fidelity Global Commodity Stock Fund	15.94%	28.66%	2.98%	-5.18%	20.69%	26.08%	6.04%	17.82%	-13.21%	17.18%

Correlation

The correlation between BRCYX and FFGCX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.57

The correlation between BRCYX and FFGCX has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

Return for Risk

BRCYX vs. FFGCX — Risk / Return Rank

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

BRCYX

BRCYX Risk / Return Rank: 46
BRCYX Sharpe Ratio Rank: 49
BRCYX Sortino Ratio Rank: 38
BRCYX Omega Ratio Rank: 46
BRCYX Calmar Ratio Rank: 45
BRCYX Martin Ratio Rank: 54

FFGCX

FFGCX Risk / Return Rank: 68
FFGCX Sharpe Ratio Rank: 62
FFGCX Sortino Ratio Rank: 51
FFGCX Omega Ratio Rank: 52
FFGCX Calmar Ratio Rank: 88
FFGCX Martin Ratio Rank: 85

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.

BRCYX vs. FFGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and Fidelity Global Commodity Stock Fund (FFGCX). 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	FFGCX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.12	-0.23
Sortino ratio: Return per unit of downside risk	2.41	2.77	-0.36
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.44	4.13	-1.68
Martin ratio: Return relative to average drawdown	10.36	14.91	-4.55

BRCYX vs. FFGCX - Sharpe Ratio Comparison

The current BRCYX Sharpe Ratio is 1.89, which is comparable to the FFGCX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of BRCYX and FFGCX, 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

BRCYX vs. FFGCX - Drawdown Comparison

The maximum BRCYX drawdown since its inception was -60.05%, roughly equal to the maximum FFGCX drawdown of -57.23%. Use the drawdown chart below to compare losses from any high point for BRCYX and FFGCX.

Drawdown Indicators

	BRCYX	FFGCX	Difference
Max Drawdown Largest peak-to-trough decline	-60.05%	-57.23%	-2.82%
Max Drawdown (1Y) Largest decline over 1 year	-13.66%	-8.73%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	-19.24%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.42%	-27.22%	+6.80%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-48.43%	+10.34%
Current Drawdown Current decline from peak	-13.66%	-8.45%	-5.21%
Average Drawdown Average peak-to-trough decline	-27.15%	-19.32%	-7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.41%	+0.85%

Volatility

BRCYX vs. FFGCX - Volatility Comparison

The current volatility for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) is 4.39%, while Fidelity Global Commodity Stock Fund (FFGCX) has a volatility of 5.37%. This indicates that BRCYX experiences smaller price fluctuations and is considered to be less risky than FFGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRCYX	FFGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	5.37%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	15.79%	13.86%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	17.01%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	21.37%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.30%	22.44%	-8.14%

BRCYX vs. FFGCX - Expense Ratio Comparison

BRCYX has a 1.06% expense ratio, which is higher than FFGCX's 0.94% expense ratio.

Dividends

BRCYX vs. FFGCX - Dividend Comparison

BRCYX's dividend yield for the trailing twelve months is around 11.39%, more than FFGCX's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	11.39%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%	0.00%
FFGCX Fidelity Global Commodity Stock Fund	2.18%	2.53%	2.62%	2.01%	1.84%	3.39%	1.61%	2.98%	2.22%	0.36%	1.53%	2.86%

Frequently Asked Questions

Can I hold both BRCYX and FFGCX in my portfolio?

BRCYX and FFGCX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRCYX or FFGCX?

FFGCX has higher volatility (5.37%) compared to BRCYX (4.39%). In terms of maximum drawdown, BRCYX dropped -60.05% vs FFGCX's -57.23%.

Which has better risk-adjusted returns?

FFGCX currently has the higher Sharpe Ratio (2.12 vs 1.89), 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.