GCCIX vs. BRCAX
Compare and contrast key facts about Goldman Sachs Commodity Strategy Fund (GCCIX) and Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX).
GCCIX is managed by Goldman Sachs. It was launched on Mar 29, 2007. BRCAX is managed by Invesco. It was launched on Nov 30, 2010.
Performance
GCCIX vs. BRCAX - Performance Comparison
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GCCIX vs. BRCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCCIX Goldman Sachs Commodity Strategy Fund | 14.11% | 15.45% | 5.92% | -9.65% | 15.70% | 33.42% | -23.01% | 16.75% | -14.89% | 4.31% |
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, GCCIX achieves a 14.11% return, which is significantly lower than BRCAX's 28.09% return. Over the past 10 years, GCCIX has underperformed BRCAX with an annualized return of 6.16%, while BRCAX has yielded a comparatively higher 8.47% annualized return.
GCCIX
- 1D
- -0.63%
- 1M
- 4.19%
- YTD
- 14.11%
- 6M
- 19.69%
- 1Y
- 20.48%
- 3Y*
- 10.67%
- 5Y*
- 11.93%
- 10Y*
- 6.16%
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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GCCIX vs. BRCAX - Expense Ratio Comparison
GCCIX has a 0.59% expense ratio, which is lower than BRCAX's 1.40% expense ratio.
Return for Risk
GCCIX vs. BRCAX — Risk / Return Rank
GCCIX
BRCAX
GCCIX vs. BRCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Commodity Strategy Fund (GCCIX) 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.
| GCCIX | BRCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.54 | -1.17 |
Sortino ratioReturn per unit of downside risk | 1.81 | 3.07 | -1.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.47 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.74 | -2.45 |
Martin ratioReturn relative to average drawdown | 6.38 | 15.96 | -9.58 |
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
| GCCIX | BRCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.54 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.85 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.60 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.16 | -0.32 |
Correlation
The correlation between GCCIX and BRCAX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GCCIX vs. BRCAX - Dividend Comparison
GCCIX's dividend yield for the trailing twelve months is around 14.10%, more than BRCAX's 10.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCCIX Goldman Sachs Commodity Strategy Fund | 14.10% | 16.09% | 4.08% | 4.20% | 10.41% | 16.46% | 0.36% | 10.81% | 1.47% | 5.88% | 0.84% | 0.36% |
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
GCCIX vs. BRCAX - Drawdown Comparison
The maximum GCCIX drawdown since its inception was -90.80%, which is greater than BRCAX's maximum drawdown of -60.98%. Use the drawdown chart below to compare losses from any high point for GCCIX and BRCAX.
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Drawdown Indicators
| GCCIX | BRCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -60.98% | -29.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.22% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.78% | -20.66% | -8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -57.76% | -38.44% | -19.32% |
Current DrawdownCurrent decline from peak | -71.72% | 0.00% | -71.72% |
Average DrawdownAverage peak-to-trough decline | -69.41% | -28.80% | -40.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.74% | +0.64% |
Volatility
GCCIX vs. BRCAX - Volatility Comparison
The current volatility for Goldman Sachs Commodity Strategy Fund (GCCIX) is 5.48%, while Invesco Balanced-Risk Commodity Strategy Fund Class A (BRCAX) has a volatility of 7.01%. This indicates that GCCIX 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
| GCCIX | BRCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 7.01% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 14.86% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 17.12% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.45% | 15.62% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 14.26% | +5.87% |