CCSZX vs. BRCAX

Last updated Aug 1, 2026

CCSZX (Columbia Commodity Strategy Fund) and BRCAX (Invesco Balanced-Risk Commodity Strategy Fund Class A) are both Commodities funds. Over the past 10 years, CCSZX returned 8.09%/yr vs 7.37%/yr for BRCAX. Their correlation of 0.87 means they have usually moved in the same direction. CCSZX charges 0.86%/yr vs 1.40%/yr for BRCAX.

Performance

CCSZX vs. BRCAX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with CCSZX having a 27.33% return and BRCAX slightly lower at 26.41%. Over the past 10 years, CCSZX has outperformed BRCAX with an annualized return of 8.09%, while BRCAX has yielded a comparatively lower 7.37% annualized return.

CCSZX

• 1D: -0.79%
• 1M: 6.43%
• 6M: 15.10%
• YTD: 27.33%
• 1Y: 40.67%
• 3Y*: 14.02%
• 5Y*: 11.91%
• 10Y*: 8.09%
• ALL TIME*: 2.19%

BRCAX

• 1D: -0.24%
• 1M: 7.39%
• 6M: 16.62%
• YTD: 26.41%
• 1Y: 42.90%
• 3Y*: 14.98%
• 5Y*: 10.87%
• 10Y*: 7.37%
• ALL TIME*: 2.18%

*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)
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	$0.00	$0.00	$0.00
CCSZX Columbia Commodity Strategy Fund	$0.00	$0.00	$0.00

CCSZX vs. BRCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCSZX Columbia Commodity Strategy Fund	27.33%	15.36%	7.11%	-6.90%	15.80%	31.34%	-1.17%	7.45%	-14.09%	1.71%
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	26.41%	18.41%	5.47%	-3.44%	7.77%	19.18%	7.75%	4.20%	-12.18%	4.49%

Correlation

The correlation between CCSZX and BRCAX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.87

The correlation between CCSZX and BRCAX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

CCSZX vs. BRCAX — Risk / Return Rank

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

CCSZX

CCSZX Risk / Return Rank: 85
CCSZX Sharpe Ratio Rank: 89
CCSZX Sortino Ratio Rank: 81
CCSZX Omega Ratio Rank: 83
CCSZX Calmar Ratio Rank: 88
CCSZX Martin Ratio Rank: 84

BRCAX

BRCAX Risk / Return Rank: 77
BRCAX Sharpe Ratio Rank: 89
BRCAX Sortino Ratio Rank: 80
BRCAX Omega Ratio Rank: 82
BRCAX Calmar Ratio Rank: 74
BRCAX Martin Ratio Rank: 62

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.

CCSZX vs. BRCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Commodity Strategy Fund (CCSZX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX). 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.

	CCSZX	BRCAX	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.23	+0.02
Sortino ratio: Return per unit of downside risk	2.87	2.76	+0.10
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	3.17	2.40	+0.77
Martin ratio: Return relative to average drawdown	10.76	7.92	+2.84

CCSZX vs. BRCAX - Sharpe Ratio Comparison

The current CCSZX Sharpe Ratio is 2.24, which is comparable to the BRCAX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of CCSZX and BRCAX, 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

CCSZX vs. BRCAX - Drawdown Comparison

The maximum CCSZX drawdown since its inception was -61.34%, roughly equal to the maximum BRCAX drawdown of -60.98%. Use the drawdown chart below to compare losses from any high point for CCSZX and BRCAX.

Drawdown Indicators

	CCSZX	BRCAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.34%	-60.98%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-17.00%	+5.03%
Max Drawdown (3Y) Largest decline over 3 years	-11.97%	-17.00%	+5.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.86%	-20.66%	-7.20%
Max Drawdown (10Y) Largest decline over 10 years	-34.16%	-38.44%	+4.28%
Current Drawdown Current decline from peak	-5.27%	-9.21%	+3.94%
Average Drawdown Average peak-to-trough decline	-31.10%	-28.32%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	5.14%	-1.59%

Volatility

CCSZX vs. BRCAX - Volatility Comparison

The current volatility for Columbia Commodity Strategy Fund (CCSZX) is 3.54%, while Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) has a volatility of 4.16%. This indicates that CCSZX experiences smaller price fluctuations and is considered to be less risky than BRCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSZX	BRCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	4.16%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	15.67%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	18.31%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	15.77%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	14.38%	+0.51%

CCSZX vs. BRCAX - Expense Ratio Comparison

CCSZX has a 0.86% expense ratio, which is lower than BRCAX's 1.40% expense ratio.

Dividends

CCSZX vs. BRCAX - Dividend Comparison

CCSZX's dividend yield for the trailing twelve months is around 2.35%, less than BRCAX's 11.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A	11.09%	14.02%	4.85%	3.80%	9.98%	16.92%	0.00%	0.89%	0.17%	0.00%	2.58%
CCSZX Columbia Commodity Strategy Fund	2.35%	3.00%	8.84%	4.42%	94.73%	36.39%	0.13%	1.09%	18.52%	0.09%	0.00%

Frequently Asked Questions

Can I hold both CCSZX and BRCAX in my portfolio?

With a correlation of 0.91, CCSZX and BRCAX 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, CCSZX or BRCAX?

BRCAX has higher volatility (4.16%) compared to CCSZX (3.54%). In terms of maximum drawdown, CCSZX dropped -61.34% vs BRCAX's -60.98%.

Which has better risk-adjusted returns?

CCSZX currently has the higher Sharpe Ratio (2.24 vs 2.23), 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.