GSG vs. BRCYX
Compare and contrast key facts about iShares S&P GSCI Commodity-Indexed Trust (GSG) and Invesco Balanced-Risk Commodity Strategy Fund (BRCYX).
GSG is a passively managed fund by iShares that tracks the performance of the S&P GSCI Total Return Index. It was launched on Jul 21, 2006. BRCYX is managed by Invesco. It was launched on Nov 29, 2010.
Performance
GSG vs. BRCYX - Performance Comparison
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GSG vs. BRCYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 39.85% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | -23.94% | 15.62% | -13.88% | 3.89% |
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 27.96% | 18.82% | 5.70% | -3.15% | 7.94% | 19.54% | 7.89% | 4.49% | -12.03% | 4.88% |
Returns By Period
In the year-to-date period, GSG achieves a 39.85% return, which is significantly higher than BRCYX's 27.96% return. Both investments have delivered pretty close results over the past 10 years, with GSG having a 9.09% annualized return and BRCYX not far behind at 8.73%.
GSG
- 1D
- -1.01%
- 1M
- 24.23%
- YTD
- 39.85%
- 6M
- 40.40%
- 1Y
- 41.63%
- 3Y*
- 17.03%
- 5Y*
- 17.93%
- 10Y*
- 9.09%
BRCYX
- 1D
- 0.81%
- 1M
- 11.91%
- YTD
- 27.96%
- 6M
- 36.80%
- 1Y
- 43.09%
- 3Y*
- 16.68%
- 5Y*
- 13.44%
- 10Y*
- 8.73%
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GSG vs. BRCYX - Expense Ratio Comparison
GSG has a 0.75% expense ratio, which is lower than BRCYX's 1.06% expense ratio.
Return for Risk
GSG vs. BRCYX — Risk / Return Rank
GSG
BRCYX
GSG vs. BRCYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P GSCI Commodity-Indexed Trust (GSG) 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.
| GSG | BRCYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 2.60 | -0.62 |
Sortino ratioReturn per unit of downside risk | 2.66 | 3.14 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.48 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.85 | -1.15 |
Martin ratioReturn relative to average drawdown | 10.32 | 16.15 | -5.83 |
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
| GSG | BRCYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.60 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.87 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.62 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.18 | -0.27 |
Correlation
The correlation between GSG and BRCYX is 0.75, 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
GSG vs. BRCYX - Dividend Comparison
GSG has not paid dividends to shareholders, while BRCYX's dividend yield for the trailing twelve months is around 10.72%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BRCYX Invesco Balanced-Risk Commodity Strategy Fund | 10.72% | 13.71% | 4.95% | 3.71% | 9.93% | 16.64% | 0.00% | 0.91% | 0.25% | 0.01% | 2.74% |
Drawdowns
GSG vs. BRCYX - Drawdown Comparison
The maximum GSG drawdown since its inception was -89.62%, which is greater than BRCYX's maximum drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for GSG and BRCYX.
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Drawdown Indicators
| GSG | BRCYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.62% | -60.05% | -29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -9.10% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -20.42% | -8.70% |
Max Drawdown (10Y)Largest decline over 10 years | -57.64% | -38.09% | -19.55% |
Current DrawdownCurrent decline from peak | -57.78% | -0.11% | -57.67% |
Average DrawdownAverage peak-to-trough decline | -63.77% | -27.50% | -36.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 2.73% | +1.54% |
Volatility
GSG vs. BRCYX - Volatility Comparison
iShares S&P GSCI Commodity-Indexed Trust (GSG) has a higher volatility of 11.08% compared to Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) at 7.14%. This indicates that GSG's price experiences larger fluctuations and is considered to be riskier than BRCYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSG | BRCYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.08% | 7.14% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 14.77% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 17.06% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.97% | 15.64% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 14.21% | +7.57% |