BRK-B vs. BTCO
BRK-B (Berkshire Hathaway Inc.) is a stock, while BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate. Over the past year, BRK-B returned 3.68% vs -44.68% for BTCO. At a 0.06 correlation, their price movements are largely independent.
Performance
BRK-B vs. BTCO - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -2.27% return, which is significantly higher than BTCO's -25.69% return.
BRK-B
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- -0.41%
- YTD
- -2.27%
- 1Y
- 3.68%
- 3Y*
- 12.42%
- 5Y*
- 11.91%
- 10Y*
- 13.01%
- ALL TIME*
- 10.58%
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
BRK-B vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.27% | 10.89% | 23.20% |
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
Correlation
The correlation between BRK-B and BTCO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.06 |
The correlation between BRK-B and BTCO shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. BTCO — Risk / Return Rank
BRK-B
BTCO
BRK-B vs. BTCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Invesco Galaxy Bitcoin ETF (BTCO). 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 | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.83 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.84 | +1.23 |
| Martin ratioReturn relative to average drawdown | 0.82 | -1.34 | +2.16 |
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Drawdowns
BRK-B vs. BTCO - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum BTCO drawdown of -53.33%. Use the drawdown chart below to compare losses from any high point for BRK-B and BTCO.
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Drawdown Indicators
| BRK-B | BTCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -53.33% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -53.33% | +43.91% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -8.99% | -48.23% | +39.24% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -17.70% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 33.39% | -28.89% |
Volatility
BRK-B vs. BTCO - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 4.42%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 10.57%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than BTCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | BTCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 10.57% | -6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 34.51% | -23.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 44.25% | -29.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 49.38% | -32.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 49.38% | -29.98% |
Dividends
BRK-B vs. BTCO - Dividend Comparison
Neither BRK-B nor BTCO has paid dividends to shareholders.
Frequently Asked Questions
BRK-B and BTCO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (10.57%) compared to BRK-B (4.42%). In terms of maximum drawdown, BRK-B dropped -53.86% vs BTCO's -53.33%.
BRK-B currently has the higher Sharpe Ratio (0.25 vs -1.01), 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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