BRK-B vs. ARGT

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while ARGT (Global X MSCI Argentina ETF) is Latin America Equities fund tracking the MSCI All Argentina 25/50. Over the past 10 years, BRK-B returned 13.22%/yr vs 17.70%/yr for ARGT. At a 0.36 correlation, their price movements are largely independent.

Performance

BRK-B vs. ARGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Global X MSCI Argentina ETF (ARGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than ARGT's 7.11% return. Over the past 10 years, BRK-B has underperformed ARGT with an annualized return of 13.22%, while ARGT has yielded a comparatively higher 17.70% annualized return.

BRK-B

• 1D: 0.71%
• 1M: 1.36%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: 0.35%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

ARGT

• 1D: -0.06%
• 1M: 9.42%
• YTD: 7.11%
• 6M: 9.09%
• 1Y: 14.29%
• 3Y*: 33.30%
• 5Y*: 27.23%
• 10Y*: 17.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. ARGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	-2.67%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%
ARGT Global X MSCI Argentina ETF	7.11%	11.51%	63.46%	53.64%	11.80%	3.83%	14.58%	14.50%	-32.62%	53.87%

Correlation

The correlation between BRK-B and ARGT is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 3, 2011	0.36

The correlation between BRK-B and ARGT shifts across timeframes, from -0.04 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. ARGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

ARGT

ARGT Risk / Return Rank: 17
ARGT Sharpe Ratio Rank: 15
ARGT Sortino Ratio Rank: 17
ARGT Omega Ratio Rank: 17
ARGT Calmar Ratio Rank: 17
ARGT Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRK-B vs. ARGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Global X MSCI Argentina ETF (ARGT). 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-B	ARGT	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.34	-0.35
Sortino ratio: Return per unit of downside risk	0.08	0.83	-0.75
Omega ratio: Gain probability vs. loss probability	1.01	1.10	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.02	0.57	-0.59
Martin ratio: Return relative to average drawdown	-0.05	1.25	-1.30

BRK-B vs. ARGT - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the ARGT Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of BRK-B and ARGT, 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

BRK-B vs. ARGT - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum ARGT drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for BRK-B and ARGT.

Drawdown Indicators

	BRK-B	ARGT	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-61.68%	+7.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-22.25%	+12.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-28.46%	+13.51%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-35.14%	+8.56%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-61.68%	+32.11%
Current Drawdown Current decline from peak	-9.36%	-4.89%	-4.47%
Average Drawdown Average peak-to-trough decline	-11.07%	-22.02%	+10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	10.34%	-5.81%

Volatility

BRK-B vs. ARGT - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while Global X MSCI Argentina ETF (ARGT) has a volatility of 11.28%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than ARGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	ARGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	11.28%	-7.33%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	21.26%	-10.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	37.19%	-22.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	32.06%	-14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	31.50%	-12.06%

Dividends

BRK-B vs. ARGT - Dividend Comparison

BRK-B has not paid dividends to shareholders, while ARGT's dividend yield for the trailing twelve months is around 0.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARGT Global X MSCI Argentina ETF	0.79%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
BRK-B 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%

Frequently Asked Questions

Can I hold both BRK-B and ARGT in my portfolio?

BRK-B and ARGT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRK-B or ARGT?

ARGT has higher volatility (11.28%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs ARGT's -61.68%.

Which has better risk-adjusted returns?

ARGT currently has the higher Sharpe Ratio (0.34 vs -0.02), 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.