BRCYX vs. VT

Last updated Aug 4, 2026

BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) and VT (Vanguard Total World Stock ETF) are both funds - BRCYX is a Commodities fund managed by Invesco, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Over the past 10 years, BRCYX returned 7.61%/yr vs 12.38%/yr for VT. Their 0.31 correlation means their historical movements had little consistent relationship. BRCYX charges 1.06%/yr vs 0.06%/yr for VT.

Performance

BRCYX vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and Vanguard Total World Stock ETF (VT). 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 VT's 12.40% return. Over the past 10 years, BRCYX has underperformed VT with an annualized return of 7.61%, while VT has yielded a comparatively higher 12.38% annualized return.

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%

VT

• 1D: 1.12%
• 1M: 0.92%
• 6M: 8.48%
• YTD: 12.40%
• 1Y: 24.89%
• 3Y*: 19.46%
• 5Y*: 10.72%
• 10Y*: 12.38%
• ALL TIME*: 8.87%

*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
VT Vanguard Total World Stock ETF	$432.10M	$371.73M	$483.41M

BRCYX vs. VT - 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%
VT Vanguard Total World Stock ETF	12.40%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%

Correlation

The correlation between BRCYX and VT is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.21
Correlation (10Y) Provides a long-term view across more market conditions.	0.27
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.31

Over the past year, the correlation between BRCYX and VT has dropped to 0.03 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

BRCYX vs. VT — 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

VT

VT Risk / Return Rank: 77
VT Sharpe Ratio Rank: 78
VT Sortino Ratio Rank: 77
VT Omega Ratio Rank: 77
VT Calmar Ratio Rank: 73
VT Martin Ratio Rank: 81

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. VT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and Vanguard Total World Stock ETF (VT). 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	VT	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.80	+0.52
Sortino ratio: Return per unit of downside risk	2.87	2.50	+0.37
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.07
Calmar ratio: Return relative to maximum drawdown	2.47	2.58	-0.11
Martin ratio: Return relative to average drawdown	8.13	10.76	-2.62

BRCYX vs. VT - Sharpe Ratio Comparison

The current BRCYX Sharpe Ratio is 2.31, which is comparable to the VT Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of BRCYX and VT, 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. VT - Drawdown Comparison

The maximum BRCYX drawdown since its inception was -60.05%, which is greater than VT's maximum drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for BRCYX and VT.

Drawdown Indicators

	BRCYX	VT	Difference
Max Drawdown Largest peak-to-trough decline	-60.05%	-50.27%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-17.02%	-9.67%	-7.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.02%	-16.51%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-20.42%	-26.38%	+5.96%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-34.24%	-3.85%
Current Drawdown Current decline from peak	-9.35%	-0.73%	-8.62%
Average Drawdown Average peak-to-trough decline	-27.04%	-6.97%	-20.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	2.32%	+2.84%

Volatility

BRCYX vs. VT - Volatility Comparison

Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) and Vanguard Total World Stock ETF (VT) have volatilities of 4.24% and 4.14%, 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	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	4.14%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	15.57%	11.69%	+3.88%
Volatility (1Y) Calculated over the trailing 1-year period	18.23%	13.96%	+4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	16.23%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.32%	17.19%	-2.87%

BRCYX vs. VT - Expense Ratio Comparison

BRCYX has a 1.06% expense ratio, which is higher than VT's 0.06% expense ratio.

Dividends

BRCYX vs. VT - Dividend Comparison

BRCYX's dividend yield for the trailing twelve months is around 10.85%, more than VT's 1.58% 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%
VT Vanguard Total World Stock ETF	1.58%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both BRCYX and VT in my portfolio?

BRCYX and VT have a correlation of 0.03, 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 VT?

BRCYX has higher volatility (4.24%) compared to VT (4.14%). In terms of maximum drawdown, BRCYX dropped -60.05% vs VT's -50.27%.

Which has better risk-adjusted returns?

BRCYX currently has the higher Sharpe Ratio (2.31 vs 1.80), 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.