BAM.TO vs. BRK-B
BAM.TO (Brookfield Asset Management Ltd) and BRK-B (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — BAM.TO in Asset Management, BRK-B in Insurance - Diversified. Over the past 3 years, BAM.TO returned 18.28%/yr vs 14.77%/yr for BRK-B. At a 0.21 correlation, their price movements are largely independent.
Performance
BAM.TO vs. BRK-B - Performance Comparison
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Different Trading Currencies
BAM.TO is traded in CAD, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BAM.TO achieves a -5.47% return, which is significantly lower than BRK-B's 0.05% return.
BAM.TO
- 1D
- -1.67%
- 1M
- 0.23%
- 6M
- -6.32%
- YTD
- -5.47%
- 1Y
- -17.23%
- 3Y*
- 18.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.11%
BRK-B
- 1D
- -0.06%
- 1M
- -0.21%
- 6M
- 0.52%
- YTD
- 0.05%
- 1Y
- 5.82%
- 3Y*
- 14.77%
- 5Y*
- 14.19%
- 10Y*
- 13.80%
- ALL TIME*
- 10.60%
BAM.TO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM.TO Brookfield Asset Management Ltd | -5.47% | -4.85% | 51.69% | 42.64% | 33.69% |
BRK-B Berkshire Hathaway Inc. | 0.05% | 5.83% | 37.85% | 12.71% | -3.27% |
Correlation
The correlation between BAM.TO and BRK-B is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.21 |
The correlation between BAM.TO and BRK-B shifts across timeframes, from 0.09 (1 year) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BAM.TO:
CA$106.31B
BRK-B:
$1.06T
BAM.TO:
$1.54
BRK-B:
$33.62
BAM.TO:
30.79
BRK-B:
14.61
BAM.TO:
0.05
BRK-B:
0.57
BAM.TO:
15.64
BRK-B:
2.82
BAM.TO:
8.98
BRK-B:
1.46
BAM.TO:
$4.94B
BRK-B:
$375.39B
BAM.TO:
$3.48B
BRK-B:
$94.36B
BAM.TO:
$3.14B
BRK-B:
$71.92B
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Return for Risk
BAM.TO vs. BRK-B — Risk / Return Rank
BAM.TO
BRK-B
BAM.TO vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd (BAM.TO) and Berkshire Hathaway Inc. (BRK-B). 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.
| BAM.TO | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.08 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.49 | -1.06 |
| Martin ratioReturn relative to average drawdown | -0.98 | 1.04 | -2.02 |
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Drawdowns
BAM.TO vs. BRK-B - Drawdown Comparison
The maximum BAM.TO drawdown since its inception was -30.80%, smaller than the maximum BRK-B drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for BAM.TO and BRK-B.
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Drawdown Indicators
| BAM.TO | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -41.13% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -30.31% | -12.05% | -18.26% |
Max Drawdown (3Y)Largest decline over 3 years | -30.80% | -17.69% | -13.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.14% | — |
Current DrawdownCurrent decline from peak | -20.78% | -10.39% | -10.39% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -9.95% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.59% | 5.60% | +11.99% |
Volatility
BAM.TO vs. BRK-B - Volatility Comparison
Brookfield Asset Management Ltd (BAM.TO) has a higher volatility of 8.31% compared to Berkshire Hathaway Inc. (BRK-B) at 4.54%. This indicates that BAM.TO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAM.TO | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 4.54% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 11.76% | +10.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.80% | 15.51% | +13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.96% | 17.99% | +22.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.96% | 20.40% | +20.56% |
Dividends
BAM.TO vs. BRK-B - Dividend Comparison
BAM.TO's dividend yield for the trailing twelve months is around 3.89%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BAM.TO Brookfield Asset Management Ltd | 3.89% | 3.40% | 2.67% | 3.27% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BAM.TO vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Asset Management Ltd and Berkshire Hathaway Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BAM.TO vs. BRK-B - Profitability Comparison
BAM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Brookfield Asset Management Ltd reported a gross profit of 1.06B and revenue of 1.32B. Therefore, the gross margin over that period was 80.7%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
BAM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Brookfield Asset Management Ltd reported an operating income of 595.08M and revenue of 1.32B, resulting in an operating margin of 45.2%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
BAM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Brookfield Asset Management Ltd reported a net income of 606.89M and revenue of 1.32B, resulting in a net margin of 46.1%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
Frequently Asked Questions
BAM.TO and BRK-B have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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