BRCYX vs. GSG
BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both Commodities funds. Over the past 10 years, BRCYX returned 6.81%/yr vs 6.69%/yr for GSG. A 0.75 correlation means they provide meaningful diversification when combined. BRCYX charges 1.06%/yr vs 0.75%/yr for GSG.
Performance
BRCYX vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRCYX achieves a 21.23% return, which is significantly lower than GSG's 26.84% return. Both investments have delivered pretty close results over the past 10 years, with BRCYX having a 6.81% annualized return and GSG not far behind at 6.69%.
BRCYX
- 1D
- -1.66%
- 1M
- -9.51%
- YTD
- 21.23%
- 6M
- 21.41%
- 1Y
- 34.02%
- 3Y*
- 14.82%
- 5Y*
- 11.03%
- 10Y*
- 6.81%
GSG
- 1D
- -0.95%
- 1M
- -12.03%
- YTD
- 26.84%
- 6M
- 26.40%
- 1Y
- 23.99%
- 3Y*
- 14.41%
- 5Y*
- 13.07%
- 10Y*
- 6.69%
BRCYX vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 21.23% | 18.82% | 5.70% | -3.15% | 7.94% | 19.54% | 7.89% | 4.49% | -12.03% | 4.88% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 26.84% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
Correlation
The correlation between BRCYX and GSG is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.75 |
The correlation between BRCYX and GSG has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRCYX vs. GSG — Risk / Return Rank
BRCYX
GSG
BRCYX vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.52 | +1.10 |
| Martin ratioReturn relative to average drawdown | 10.86 | 6.22 | +4.65 |
Loading charts...
Drawdowns
BRCYX vs. GSG - Drawdown Comparison
The maximum BRCYX drawdown since its inception was -60.05%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for BRCYX and GSG.
Loading charts...
Drawdown Indicators
| BRCYX | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.05% | -89.62% | +29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -15.88% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -15.88% | +2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -29.12% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | -57.64% | +19.55% |
Current DrawdownCurrent decline from peak | -13.03% | -61.70% | +48.67% |
Average DrawdownAverage peak-to-trough decline | -27.15% | -63.69% | +36.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 4.46% | -1.30% |
Volatility
BRCYX vs. GSG - Volatility Comparison
The current volatility for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) is 4.47%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 5.46%. This indicates that BRCYX experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRCYX | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.46% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 20.81% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.64% | 23.19% | -5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 22.66% | -6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 22.03% | -7.74% |
BRCYX vs. GSG - Expense Ratio Comparison
BRCYX has a 1.06% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
BRCYX vs. GSG - Dividend Comparison
BRCYX's dividend yield for the trailing twelve months is around 11.31%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 11.31% | 13.71% | 4.95% | 3.71% | 9.93% | 16.64% | 0.00% | 0.91% | 0.25% | 0.01% | 2.74% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRCYX and GSG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (5.46%) compared to BRCYX (4.47%). In terms of maximum drawdown, BRCYX dropped -60.05% vs GSG's -89.62%.
BRCYX currently has the higher Sharpe Ratio (1.94 vs 1.04), 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.
Find the right allocation for BRCYX and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer