PQCMX vs. BRCYX

Last updated Aug 5, 2026

PQCMX (PGIM Quant Solutions Commodity Strategies Fund) and BRCYX (Invesco Balanced-Risk Commodity Strategy Fund) are both Commodities funds. Over the past 5 years, PQCMX returned 11.16%/yr vs 11.27%/yr for BRCYX. Their correlation of 0.88 means they have usually moved in the same direction. PQCMX charges 0.62%/yr vs 1.06%/yr for BRCYX.

Performance

PQCMX vs. BRCYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Quant Solutions Commodity Strategies Fund (PQCMX) 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 PQCMX having a 25.79% return and BRCYX slightly lower at 25.04%.

PQCMX

• 1D: -1.47%
• 1M: 5.95%
• 6M: 15.63%
• YTD: 25.79%
• 1Y: 38.52%
• 3Y*: 12.75%
• 5Y*: 11.16%
• 10Y*: —
• ALL TIME*: 7.69%

BRCYX

• 1D: -1.04%
• 1M: 6.09%
• 6M: 15.41%
• YTD: 25.04%
• 1Y: 41.03%
• 3Y*: 15.05%
• 5Y*: 11.27%
• 10Y*: 7.40%
• ALL TIME*: 2.37%

*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
PQCMX PGIM Quant Solutions Commodity Strategies Fund	$0.00	$0.00	$0.00

PQCMX vs. BRCYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PQCMX PGIM Quant Solutions Commodity Strategies Fund	25.79%	13.62%	5.09%	-8.67%	19.10%	27.81%	-1.13%	8.78%	-12.07%	2.96%
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	25.04%	18.82%	5.70%	-3.15%	7.94%	19.54%	7.89%	4.49%	-12.03%	4.88%

Correlation

The correlation between PQCMX and BRCYX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.88

The correlation between PQCMX and BRCYX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

PQCMX vs. BRCYX — Risk / Return Rank

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

PQCMX

PQCMX Risk / Return Rank: 75
PQCMX Sharpe Ratio Rank: 85
PQCMX Sortino Ratio Rank: 76
PQCMX Omega Ratio Rank: 78
PQCMX Calmar Ratio Rank: 75
PQCMX Martin Ratio Rank: 60

BRCYX

BRCYX Risk / Return Rank: 75
BRCYX Sharpe Ratio Rank: 90
BRCYX Sortino Ratio Rank: 80
BRCYX Omega Ratio Rank: 82
BRCYX Calmar Ratio Rank: 68
BRCYX Martin Ratio Rank: 54

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.

PQCMX vs. BRCYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Quant Solutions Commodity Strategies Fund (PQCMX) 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.

	PQCMX	BRCYX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.30	-0.14
Sortino ratio: Return per unit of downside risk	2.76	2.85	-0.09
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio: Return relative to maximum drawdown	2.68	2.46	+0.22
Martin ratio: Return relative to average drawdown	8.75	8.02	+0.73

PQCMX vs. BRCYX - Sharpe Ratio Comparison

The current PQCMX Sharpe Ratio is 2.16, which is comparable to the BRCYX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of PQCMX 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

PQCMX vs. BRCYX - Drawdown Comparison

The maximum PQCMX drawdown since its inception was -33.00%, smaller than the maximum BRCYX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for PQCMX and BRCYX.

Drawdown Indicators

	PQCMX	BRCYX	Difference
Max Drawdown Largest peak-to-trough decline	-33.00%	-60.05%	+27.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	-17.02%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	-17.02%	+2.75%
Max Drawdown (5Y) Largest decline over 5 years	-26.78%	-20.42%	-6.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.09%	—
Current Drawdown Current decline from peak	-8.39%	-10.29%	+1.90%
Average Drawdown Average peak-to-trough decline	-11.77%	-27.03%	+15.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	5.20%	-0.83%

Volatility

PQCMX vs. BRCYX - Volatility Comparison

PGIM Quant Solutions Commodity Strategies Fund (PQCMX) has a higher volatility of 5.33% compared to Invesco Balanced-Risk Commodity Strategy Fund (BRCYX) at 4.45%. This indicates that PQCMX'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.

Volatility by Period

	PQCMX	BRCYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	4.45%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	14.06%	+0.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	18.25%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	15.76%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	14.33%	+0.88%

PQCMX vs. BRCYX - Expense Ratio Comparison

PQCMX has a 0.62% expense ratio, which is lower than BRCYX's 1.06% expense ratio.

Dividends

PQCMX vs. BRCYX - Dividend Comparison

PQCMX's dividend yield for the trailing twelve months is around 6.43%, less than BRCYX's 10.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BRCYX Invesco Balanced-Risk Commodity Strategy Fund	10.97%	13.71%	4.95%	3.71%	9.93%	16.64%	0.00%	0.91%	0.25%	0.01%	2.74%
PQCMX PGIM Quant Solutions Commodity Strategies Fund	6.43%	8.09%	4.14%	3.93%	31.36%	47.61%	0.00%	1.02%	3.02%	1.42%	0.00%

Frequently Asked Questions

Can I hold both PQCMX and BRCYX in my portfolio?

With a correlation of 0.94, PQCMX 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, PQCMX or BRCYX?

PQCMX has higher volatility (5.33%) compared to BRCYX (4.45%). In terms of maximum drawdown, PQCMX dropped -33.00% vs BRCYX's -60.05%.

Which has better risk-adjusted returns?

BRCYX currently has the higher Sharpe Ratio (2.30 vs 2.16), 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.