FCNVX vs. BRCAX
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. BRCAX is managed by Invesco. It was launched on Nov 30, 2010.
Performance
FCNVX vs. BRCAX - Performance Comparison
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FCNVX vs. BRCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A | 28.09% | 18.41% | 5.47% | -3.44% | 7.77% | 19.18% | 7.75% | 4.20% | -12.18% | 4.49% |
Returns By Period
In the year-to-date period, FCNVX achieves a 0.52% return, which is significantly lower than BRCAX's 28.09% return. Over the past 10 years, FCNVX has underperformed BRCAX with an annualized return of 2.51%, while BRCAX has yielded a comparatively higher 8.47% annualized return.
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
BRCAX
- 1D
- 0.12%
- 1M
- 9.67%
- YTD
- 28.09%
- 6M
- 36.55%
- 1Y
- 42.64%
- 3Y*
- 16.47%
- 5Y*
- 13.13%
- 10Y*
- 8.47%
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FCNVX vs. BRCAX - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is lower than BRCAX's 1.40% expense ratio.
Return for Risk
FCNVX vs. BRCAX — Risk / Return Rank
FCNVX
BRCAX
FCNVX vs. BRCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) 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.
| FCNVX | BRCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 2.54 | +0.64 |
Sortino ratioReturn per unit of downside risk | 14.52 | 3.07 | +11.45 |
Omega ratioGain probability vs. loss probability | 6.34 | 1.47 | +4.87 |
Calmar ratioReturn relative to maximum drawdown | 21.58 | 4.74 | +16.84 |
Martin ratioReturn relative to average drawdown | 84.59 | 15.96 | +68.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCNVX | BRCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 2.54 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.69 | 0.85 | +1.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.44 | 0.60 | +1.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | 0.16 | +2.01 |
Correlation
The correlation between FCNVX and BRCAX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCNVX vs. BRCAX - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 3.91%, less than BRCAX's 10.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
BRCAX Invesco Balanced-Risk Commodity Strategy Fund Class A | 10.94% | 14.02% | 4.85% | 3.80% | 9.98% | 16.92% | 0.00% | 0.89% | 0.17% | 0.00% | 2.58% | 0.00% |
Drawdowns
FCNVX vs. BRCAX - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum BRCAX drawdown of -60.98%. Use the drawdown chart below to compare losses from any high point for FCNVX and BRCAX.
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Drawdown Indicators
| FCNVX | BRCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -60.98% | +58.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -9.22% | +9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -20.66% | +20.07% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | -38.44% | +36.25% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -28.80% | +28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.74% | -2.69% |
Volatility
FCNVX vs. BRCAX - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.10%, while Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) has a volatility of 7.01%. This indicates that FCNVX 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.
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Volatility by Period
| FCNVX | BRCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 7.01% | -6.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 14.86% | -14.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 17.12% | -15.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 15.62% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.03% | 14.26% | -13.23% |