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 -1.32% vs -39.40% for BTCO. At a 0.05 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 -3.11% return, which is significantly higher than BTCO's -27.65% 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%
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B vs. BTCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 24.75% |
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
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 12, 2024 | 0.05 |
The correlation between BRK-B and BTCO shifts across timeframes, from -0.16 (1 year) to 0.05 (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.
| BRK-B | BTCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.86 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.76 | +0.62 |
| Martin ratioReturn relative to average drawdown | -0.30 | -1.36 | +1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRK-B | BTCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.90 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.27 | +0.21 |
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 -52.05%. 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% | -52.05% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -52.05% | +42.63% |
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 | -9.78% | -49.60% | +39.82% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -16.12% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 28.93% | -24.44% |
Volatility
BRK-B vs. BTCO - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Invesco Galaxy Bitcoin ETF (BTCO) has a volatility of 11.78%. 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 | 3.98% | 11.78% | -7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 34.52% | -23.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 44.10% | -29.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 49.90% | -32.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 49.90% | -30.46% |
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 (11.78%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs BTCO's -52.05%.
BRK-B currently has the higher Sharpe Ratio (-0.09 vs -0.90), 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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