FCGCX vs. BRCYX

Last updated Aug 1, 2026

FCGCX (Fidelity Advisor Global Commodity Stock Fund Class C) and BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) are both Commodities funds. Over the past 10 years, FCGCX returned 11.44%/yr vs 7.63%/yr for BRCYX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. FCGCX charges 1.97%/yr vs 1.06%/yr for BRCYX.

Performance

FCGCX vs. BRCYX - Performance Comparison

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

Returns By Period

In the year-to-date period, FCGCX achieves a 20.45% return, which is significantly lower than BRCYX's 26.65% return. Over the past 10 years, FCGCX has outperformed BRCYX with an annualized return of 11.44%, while BRCYX has yielded a comparatively lower 7.63% annualized return.

FCGCX

• 1D: 1.16%
• 1M: 7.43%
• 6M: 7.22%
• YTD: 20.45%
• 1Y: 41.97%
• 3Y*: 14.36%
• 5Y*: 12.96%
• 10Y*: 11.44%
• ALL TIME*: 6.71%

BRCYX

• 1D: -0.12%
• 1M: 7.45%
• 6M: 16.89%
• YTD: 26.65%
• 1Y: 43.27%
• 3Y*: 15.32%
• 5Y*: 11.14%
• 10Y*: 7.63%
• ALL TIME*: 2.45%

*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
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	$0.00	$0.00	$0.00

FCGCX vs. BRCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	20.45%	27.29%	1.90%	-6.06%	19.45%	24.85%	4.96%	16.74%	-14.07%	17.33%
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	26.65%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%

Correlation

The correlation between FCGCX and BRCYX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.57
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.57

The correlation between FCGCX and BRCYX has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

Return for Risk

FCGCX vs. BRCYX — Risk / Return Rank

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

FCGCX

FCGCX Risk / Return Rank: 86
FCGCX Sharpe Ratio Rank: 91
FCGCX Sortino Ratio Rank: 83
FCGCX Omega Ratio Rank: 82
FCGCX Calmar Ratio Rank: 88
FCGCX Martin Ratio Rank: 84

BRCYX

BRCYX Risk / Return Rank: 78
BRCYX Sharpe Ratio Rank: 90
BRCYX Sortino Ratio Rank: 81
BRCYX Omega Ratio Rank: 82
BRCYX Calmar Ratio Rank: 75
BRCYX Martin Ratio Rank: 64

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.

FCGCX vs. BRCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Global Commodity Stock Fund Class C (FCGCX) 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.

	FCGCX	BRCYX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.26	+0.06
Sortino ratio: Return per unit of downside risk	2.94	2.81	+0.13
Omega ratio: Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	3.20	2.42	+0.78
Martin ratio: Return relative to average drawdown	10.68	8.01	+2.67

FCGCX vs. BRCYX - Sharpe Ratio Comparison

The current FCGCX Sharpe Ratio is 2.32, which is comparable to the BRCYX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FCGCX 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

FCGCX vs. BRCYX - Drawdown Comparison

The maximum FCGCX drawdown since its inception was -59.67%, roughly equal to the maximum BRCYX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for FCGCX and BRCYX.

Drawdown Indicators

	FCGCX	BRCYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.67%	-60.05%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-17.02%	+4.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-17.02%	-2.94%
Max Drawdown (5Y) Largest decline over 5 years	-27.43%	-20.42%	-7.01%
Max Drawdown (10Y) Largest decline over 10 years	-49.31%	-38.09%	-11.22%
Current Drawdown Current decline from peak	-4.52%	-9.14%	+4.62%
Average Drawdown Average peak-to-trough decline	-21.08%	-27.04%	+5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	5.13%	-1.43%

Volatility

FCGCX vs. BRCYX - Volatility Comparison

Fidelity Advisor Global Commodity Stock Fund Class C (FCGCX) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) have volatilities of 4.39% and 4.20%, 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

	FCGCX	BRCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.20%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	15.58%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	18.23%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	15.76%	+5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.35%	14.33%	+8.02%

FCGCX vs. BRCYX - Expense Ratio Comparison

FCGCX has a 1.97% expense ratio, which is higher than BRCYX's 1.06% expense ratio.

Dividends

FCGCX vs. BRCYX - Dividend Comparison

FCGCX's dividend yield for the trailing twelve months is around 1.23%, less than BRCYX's 10.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	10.83%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%	0.00%
FCGCX Fidelity Advisor Global Commodity Stock Fund Class C	1.23%	1.48%	1.38%	0.80%	1.09%	2.41%	0.59%	1.94%	1.11%	0.36%	0.71%	1.49%

Frequently Asked Questions

Can I hold both FCGCX and BRCYX in my portfolio?

FCGCX and BRCYX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCGCX or BRCYX?

FCGCX has higher volatility (4.39%) compared to BRCYX (4.20%). In terms of maximum drawdown, FCGCX dropped -59.67% vs BRCYX's -60.05%.

Which has better risk-adjusted returns?

FCGCX currently has the higher Sharpe Ratio (2.32 vs 2.26), 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.