BRCYX vs. MCSRX

Last updated Aug 4, 2026

BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) and MCSRX (MFS Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, BRCYX returned 7.61%/yr vs 7.44%/yr for MCSRX. Their correlation of 0.87 means they have usually moved in the same direction. BRCYX charges 1.06%/yr vs 0.82%/yr for MCSRX.

Performance

BRCYX vs. MCSRX - Performance Comparison

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

Returns By Period

In the year-to-date period, BRCYX achieves a 26.35% return, which is significantly higher than MCSRX's 19.67% return. Both investments have delivered pretty close results over the past 10 years, with BRCYX having a 7.61% annualized return and MCSRX not far behind at 7.44%.

BRCYX

• 1D: -0.23%
• 1M: 7.20%
• 6M: 20.03%
• YTD: 26.35%
• 1Y: 42.93%
• 3Y*: 15.29%
• 5Y*: 11.09%
• 10Y*: 7.61%
• ALL TIME*: 2.43%

MCSRX

• 1D: 0.00%
• 1M: 6.14%
• 6M: 13.09%
• YTD: 19.67%
• 1Y: 34.01%
• 3Y*: 13.14%
• 5Y*: 10.36%
• 10Y*: 7.44%
• ALL TIME*: 1.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	$0.00	$0.00	$0.00
MCSRX MFS Commodity Strategy Fund	$0.00	$0.00	$0.00

BRCYX vs. MCSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	26.35%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%
MCSRX MFS Commodity Strategy Fund	19.67%	18.63%	5.18%	-6.07%	13.19%	27.96%	-0.36%	7.80%	-12.77%	3.83%

Correlation

The correlation between BRCYX and MCSRX is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.87

The correlation between BRCYX and MCSRX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

BRCYX vs. MCSRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRCYX

BRCYX Risk / Return Rank: 77
BRCYX Sharpe Ratio Rank: 90
BRCYX Sortino Ratio Rank: 81
BRCYX Omega Ratio Rank: 82
BRCYX Calmar Ratio Rank: 73
BRCYX Martin Ratio Rank: 57

MCSRX

MCSRX Risk / Return Rank: 76
MCSRX Sharpe Ratio Rank: 85
MCSRX Sortino Ratio Rank: 77
MCSRX Omega Ratio Rank: 79
MCSRX Calmar Ratio Rank: 79
MCSRX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRCYX vs. MCSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and MFS Commodity Strategy Fund (MCSRX). 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	MCSRX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.09	+0.22
Sortino ratio: Return per unit of downside risk	2.87	2.70	+0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	2.47	2.70	-0.23
Martin ratio: Return relative to average drawdown	8.13	8.46	-0.32

BRCYX vs. MCSRX - Sharpe Ratio Comparison

The current BRCYX Sharpe Ratio is 2.31, which is comparable to the MCSRX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of BRCYX and MCSRX, 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. MCSRX - Drawdown Comparison

The maximum BRCYX drawdown since its inception was -60.05%, smaller than the maximum MCSRX drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for BRCYX and MCSRX.

Drawdown Indicators

	BRCYX	MCSRX	Difference
Max Drawdown Largest peak-to-trough decline	-60.05%	-72.07%	+12.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.02%	-12.50%	-4.52%
Max Drawdown (3Y) Largest decline over 3 years	-17.02%	-12.50%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-20.42%	-37.76%	+17.34%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-72.07%	+33.98%
Current Drawdown Current decline from peak	-9.35%	-20.97%	+11.62%
Average Drawdown Average peak-to-trough decline	-27.04%	-41.61%	+14.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	3.99%	+1.17%

Volatility

BRCYX vs. MCSRX - Volatility Comparison

Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and MFS Commodity Strategy Fund (MCSRX) have volatilities of 4.24% and 4.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRCYX	MCSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	4.35%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	13.02%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	16.32%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	34.73%	-18.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	59.89%	-45.57%

BRCYX vs. MCSRX - Expense Ratio Comparison

BRCYX has a 1.06% expense ratio, which is higher than MCSRX's 0.82% expense ratio.

Dividends

BRCYX vs. MCSRX - Dividend Comparison

BRCYX's dividend yield for the trailing twelve months is around 10.85%, less than MCSRX's 13.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	10.85%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%	0.00%
MCSRX MFS Commodity Strategy Fund	13.52%	16.18%	3.39%	2.30%	27.57%	56.15%	0.91%	1.88%	3.50%	3.13%	0.61%	0.47%

Frequently Asked Questions

Can I hold both BRCYX and MCSRX in my portfolio?

With a correlation of 0.93, BRCYX and MCSRX 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.

Which is riskier, BRCYX or MCSRX?

MCSRX has higher volatility (4.35%) compared to BRCYX (4.24%). In terms of maximum drawdown, BRCYX dropped -60.05% vs MCSRX's -72.07%.

Which has better risk-adjusted returns?

BRCYX currently has the higher Sharpe Ratio (2.31 vs 2.09), 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.