BRK-B vs. CLOZ
BRK-B (Berkshire Hathaway Inc.) is a stock, while CLOZ (Panagram BBB-B CLO ETF) is CLO fund actively managed by Panagram. Over the past 3 years, BRK-B returned 13.25%/yr vs 10.45%/yr for CLOZ. At a 0.11 correlation, their price movements are largely independent.
Performance
BRK-B vs. CLOZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than CLOZ's 2.44% 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%
CLOZ
- 1D
- 0.04%
- 1M
- 0.39%
- YTD
- 2.44%
- 6M
- 2.91%
- 1Y
- 6.07%
- 3Y*
- 10.45%
- 5Y*
- —
- 10Y*
- —
BRK-B vs. CLOZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 14.57% |
CLOZ Panagram BBB-B CLO ETF | 2.44% | 5.99% | 11.85% | 14.92% |
Correlation
The correlation between BRK-B and CLOZ is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2023 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRK-B vs. CLOZ — Risk / Return Rank
BRK-B
CLOZ
BRK-B vs. CLOZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Panagram BBB-B CLO ETF (CLOZ). 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 | CLOZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.56 | -1.70 |
| Martin ratioReturn relative to average drawdown | -0.30 | 5.19 | -5.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BRK-B | CLOZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.77 | -1.87 |
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 | 2.75 | -2.27 |
Drawdowns
BRK-B vs. CLOZ - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than CLOZ's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for BRK-B and CLOZ.
Loading charts...
Drawdown Indicators
| BRK-B | CLOZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -5.32% | -48.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -3.90% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -5.32% | -9.63% |
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% | -0.21% | -9.57% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -0.38% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 1.17% | +3.32% |
Volatility
BRK-B vs. CLOZ - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Panagram BBB-B CLO ETF (CLOZ) at 0.47%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRK-B | CLOZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 0.47% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 3.13% | +7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 3.44% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 3.80% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 3.80% | +15.64% |
Dividends
BRK-B vs. CLOZ - Dividend Comparison
BRK-B has not paid dividends to shareholders, while CLOZ's dividend yield for the trailing twelve months is around 7.40%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
CLOZ Panagram BBB-B CLO ETF | 7.40% | 7.63% | 9.09% | 8.81% |
Frequently Asked Questions
BRK-B and CLOZ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (3.98%) compared to CLOZ (0.47%). In terms of maximum drawdown, BRK-B dropped -53.86% vs CLOZ's -5.32%.
CLOZ currently has the higher Sharpe Ratio (1.77 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.
Find the right allocation for BRK-B and CLOZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer