BRK-B vs. BARIX

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while BARIX (Baron Asset Fund Institutional Class) is Mid Cap Growth Equities fund managed by Baron Capital Group. Over the past 10 years, BRK-B returned 13.14%/yr vs 11.26%/yr for BARIX. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

BRK-B vs. BARIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Baron Asset Fund Institutional Class (BARIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than BARIX's 1.25% return. Over the past 10 years, BRK-B has outperformed BARIX with an annualized return of 13.14%, while BARIX has yielded a comparatively lower 11.26% annualized return.

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

BARIX

• 1D: -1.05%
• 1M: 8.19%
• YTD: 1.25%
• 6M: 0.95%
• 1Y: 4.40%
• 3Y*: 10.44%
• 5Y*: 2.99%
• 10Y*: 11.26%

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

BRK-B vs. BARIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%
BARIX Baron Asset Fund Institutional Class	1.25%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%

Correlation

The correlation between BRK-B and BARIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since May 29, 2009	0.58

Over the past year, the correlation between BRK-B and BARIX has dropped to 0.20 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. BARIX — 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: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

BARIX

BARIX Risk / Return Rank: 5
BARIX Sharpe Ratio Rank: 5
BARIX Sortino Ratio Rank: 6
BARIX Omega Ratio Rank: 5
BARIX Calmar Ratio Rank: 6
BARIX Martin Ratio Rank: 5

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. BARIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Baron Asset Fund Institutional Class (BARIX). 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.

	BRK-B	BARIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	0.30	-0.39
Sortino ratio: Return per unit of downside risk	-0.03	0.66	-0.68
Omega ratio: Gain probability vs. loss probability	1.00	1.07	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.14	0.46	-0.60
Martin ratio: Return relative to average drawdown	-0.30	0.94	-1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRK-B vs. BARIX - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the BARIX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of BRK-B and BARIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRK-B	BARIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	0.30	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.15	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.57	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.67	-0.19

Drawdowns

BRK-B vs. BARIX - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than BARIX's maximum drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for BRK-B and BARIX.

Drawdown Indicators

	BRK-B	BARIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-37.44%	-16.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-10.68%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-17.78%	+2.83%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-37.44%	+10.86%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-37.44%	+7.87%
Current Drawdown Current decline from peak	-9.78%	-1.05%	-8.73%
Average Drawdown Average peak-to-trough decline	-11.07%	-6.74%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	5.16%	-0.67%

Volatility

BRK-B vs. BARIX - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Baron Asset Fund Institutional Class (BARIX) has a volatility of 7.62%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	BARIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	7.62%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	12.78%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	16.31%	-1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	19.79%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	19.95%	-0.51%

Dividends

BRK-B vs. BARIX - Dividend Comparison

BRK-B has not paid dividends to shareholders, while BARIX's dividend yield for the trailing twelve months is around 10.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.46%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
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 BARIX in my portfolio?

BRK-B and BARIX have a correlation of 0.20, 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 BARIX?

BARIX has higher volatility (7.62%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs BARIX's -37.44%.

Which has better risk-adjusted returns?

BARIX currently has the higher Sharpe Ratio (0.30 vs -0.09), 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.