BRK-A vs. MOAT
BRK-A (Berkshire Hathaway Inc.) is a stock, while MOAT (VanEck Morningstar Wide Moat ETF) is Large Cap Blend Equities fund tracking the Morningstar Wide Moat Focus Index. Over the past 10 years, BRK-A returned 13.56%/yr vs 13.65%/yr for MOAT. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
BRK-A vs. MOAT - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-A achieves a 1.56% return, which is significantly lower than MOAT's 4.36% return. Both investments have delivered pretty close results over the past 10 years, with BRK-A having a 13.56% annualized return and MOAT not far ahead at 13.65%.
BRK-A
- 1D
- 0.21%
- 1M
- 2.08%
- 6M
- 6.10%
- YTD
- 1.56%
- 1Y
- 6.49%
- 3Y*
- 12.78%
- 5Y*
- 12.85%
- 10Y*
- 13.56%
- ALL TIME*
- 18.52%
MOAT
- 1D
- 0.23%
- 1M
- 2.77%
- 6M
- 3.18%
- YTD
- 4.36%
- 1Y
- 13.15%
- 3Y*
- 10.60%
- 5Y*
- 8.70%
- 10Y*
- 13.65%
- ALL TIME*
- 13.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.27M | $121.67M | $153.51M | |
| $65.74M | $67.48M | $82.03M |
BRK-A vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRK-A Berkshire Hathaway Inc. | 1.56% | 10.85% | 25.49% | 15.77% | 4.00% | 29.57% | 2.42% | 10.98% | 2.82% | 21.91% |
MOAT VanEck Morningstar Wide Moat ETF | 4.36% | 13.20% | 10.73% | 31.89% | -13.66% | 24.12% | 14.84% | 34.79% | -1.28% | 23.18% |
Correlation
The correlation between BRK-A and MOAT is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2012 | 0.61 |
Over the past year, the correlation between BRK-A and MOAT has dropped to 0.25 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
BRK-A vs. MOAT — Risk / Return Rank
BRK-A
MOAT
BRK-A vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-A) and VanEck Morningstar Wide Moat ETF (MOAT). 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.
| BRK-A | MOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.16 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.06 | -0.35 |
| Martin ratioReturn relative to average drawdown | 1.47 | 3.17 | -1.70 |
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Drawdowns
BRK-A vs. MOAT - Drawdown Comparison
The maximum BRK-A drawdown since its inception was -51.47%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for BRK-A and MOAT.
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Drawdown Indicators
| BRK-A | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -33.31% | -18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -12.43% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -21.44% | +7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.98% | -23.96% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.43% | -33.31% | +2.88% |
Current DrawdownCurrent decline from peak | -5.28% | -0.06% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -9.51% | -3.82% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 4.16% | +0.28% |
Volatility
BRK-A vs. MOAT - Volatility Comparison
Berkshire Hathaway Inc. (BRK-A) has a higher volatility of 4.28% compared to VanEck Morningstar Wide Moat ETF (MOAT) at 4.00%. This indicates that BRK-A's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-A | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.00% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 10.47% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 14.04% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 18.29% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 18.62% | +0.33% |
Dividends
BRK-A vs. MOAT - Dividend Comparison
BRK-A has not paid dividends to shareholders, while MOAT's dividend yield for the trailing twelve months is around 1.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-A Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Morningstar Wide Moat ETF | 1.30% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Frequently Asked Questions
BRK-A and MOAT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-A has higher volatility (4.28%) compared to MOAT (4.00%). In terms of maximum drawdown, BRK-A dropped -51.47% vs MOAT's -33.31%.
MOAT currently has the higher Sharpe Ratio (0.95 vs 0.46), 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.
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