DCMSX vs. BRCYX

Last updated Jun 25, 2026

DCMSX (DFA Commodity Strategy Portfolio) and BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, DCMSX returned 6.65%/yr vs 6.71%/yr for BRCYX. Their correlation of 0.86 suggests significant overlap in exposure. DCMSX charges 0.31%/yr vs 1.06%/yr for BRCYX.

Performance

DCMSX vs. BRCYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Commodity Strategy Portfolio (DCMSX) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX). 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 DCMSX having a 19.07% return and BRCYX slightly lower at 18.59%. Both investments have delivered pretty close results over the past 10 years, with DCMSX having a 6.65% annualized return and BRCYX not far ahead at 6.71%.

DCMSX

• 1D: -1.25%
• 1M: -9.51%
• YTD: 19.07%
• 6M: 17.30%
• 1Y: 29.36%
• 3Y*: 12.74%
• 5Y*: 10.38%
• 10Y*: 6.65%

BRCYX

• 1D: -1.46%
• 1M: -11.48%
• YTD: 18.59%
• 6M: 17.22%
• 1Y: 34.74%
• 3Y*: 15.01%
• 5Y*: 10.34%
• 10Y*: 6.71%

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

DCMSX vs. BRCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DCMSX DFA Commodity Strategy Portfolio	19.07%	15.15%	5.90%	-9.14%	11.36%	33.54%	-1.78%	7.96%	-11.22%	2.73%
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	18.59%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%

Correlation

The correlation between DCMSX and BRCYX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.86

The correlation between DCMSX and BRCYX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

DCMSX vs. BRCYX — Risk / Return Rank

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

DCMSX

DCMSX Risk / Return Rank: 38
DCMSX Sharpe Ratio Rank: 37
DCMSX Sortino Ratio Rank: 33
DCMSX Omega Ratio Rank: 35
DCMSX Calmar Ratio Rank: 36
DCMSX Martin Ratio Rank: 47

BRCYX

BRCYX Risk / Return Rank: 45
BRCYX Sharpe Ratio Rank: 48
BRCYX Sortino Ratio Rank: 39
BRCYX Omega Ratio Rank: 46
BRCYX Calmar Ratio Rank: 38
BRCYX Martin Ratio Rank: 52

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.

DCMSX vs. BRCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Commodity Strategy Portfolio (DCMSX) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX). 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.

	DCMSX	BRCYX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.83	-0.22
Sortino ratio: Return per unit of downside risk	2.16	2.33	-0.18
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.13	2.17	-0.04
Martin ratio: Return relative to average drawdown	9.14	9.70	-0.56

DCMSX vs. BRCYX - Sharpe Ratio Comparison

The current DCMSX Sharpe Ratio is 1.61, which is comparable to the BRCYX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DCMSX and BRCYX, 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

DCMSX vs. BRCYX - Drawdown Comparison

The maximum DCMSX drawdown since its inception was -60.94%, roughly equal to the maximum BRCYX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for DCMSX and BRCYX.

Drawdown Indicators

	DCMSX	BRCYX	Difference
Max Drawdown Largest peak-to-trough decline	-60.94%	-60.05%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-14.92%	+2.54%
Max Drawdown (3Y) Largest decline over 3 years	-12.38%	-14.92%	+2.54%
Max Drawdown (5Y) Largest decline over 5 years	-27.93%	-20.42%	-7.51%
Max Drawdown (10Y) Largest decline over 10 years	-32.52%	-38.09%	+5.57%
Current Drawdown Current decline from peak	-12.38%	-14.92%	+2.54%
Average Drawdown Average peak-to-trough decline	-31.69%	-27.14%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	3.38%	-0.19%

Volatility

DCMSX vs. BRCYX - Volatility Comparison

The current volatility for DFA Commodity Strategy Portfolio (DCMSX) is 3.89%, while Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) has a volatility of 4.48%. This indicates that DCMSX experiences smaller price fluctuations and is considered to be less risky than BRCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCMSX	BRCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	4.48%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	15.85%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	17.72%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	15.73%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	14.30%	+0.17%

DCMSX vs. BRCYX - Expense Ratio Comparison

DCMSX has a 0.31% expense ratio, which is lower than BRCYX's 1.06% expense ratio.

Dividends

DCMSX vs. BRCYX - Dividend Comparison

DCMSX's dividend yield for the trailing twelve months is around 8.85%, less than BRCYX's 11.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	11.56%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%	0.00%
DCMSX DFA Commodity Strategy Portfolio	8.85%	10.75%	2.83%	2.52%	7.46%	49.44%	0.37%	1.51%	1.63%	3.09%	0.47%	0.15%

Frequently Asked Questions

Can I hold both DCMSX and BRCYX in my portfolio?

With a correlation of 0.94, DCMSX and BRCYX 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, DCMSX or BRCYX?

BRCYX has higher volatility (4.48%) compared to DCMSX (3.89%). In terms of maximum drawdown, DCMSX dropped -60.94% vs BRCYX's -60.05%.

Which has better risk-adjusted returns?

BRCYX currently has the higher Sharpe Ratio (1.83 vs 1.61), 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.