BRK-B vs. DIA
BRK-B (Berkshire Hathaway Inc.) is a stock, while DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) is Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. Over the past 10 years, BRK-B returned 13.14%/yr vs 13.18%/yr for DIA. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
BRK-B vs. DIA - 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 lower than DIA's 6.40% return. Both investments have delivered pretty close results over the past 10 years, with BRK-B having a 13.14% annualized return and DIA not far ahead at 13.18%.
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%
DIA
- 1D
- -0.15%
- 1M
- 2.63%
- YTD
- 6.40%
- 6M
- 7.17%
- 1Y
- 20.62%
- 3Y*
- 16.36%
- 5Y*
- 9.98%
- 10Y*
- 13.18%
BRK-B vs. DIA - 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% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 6.40% | 14.71% | 14.82% | 16.02% | -7.02% | 20.83% | 9.59% | 24.70% | -3.74% | 28.08% |
Correlation
The correlation between BRK-B and DIA is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1998 | 0.53 |
Over the past year, the correlation between BRK-B and DIA has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
BRK-B vs. DIA — Risk / Return Rank
BRK-B
DIA
BRK-B vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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 | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.12 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.30 | 8.20 | -8.50 |
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 | DIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.69 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.68 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.75 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.49 | -0.01 |
Drawdowns
BRK-B vs. DIA - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for BRK-B and DIA.
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Drawdown Indicators
| BRK-B | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -51.87% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -9.76% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -15.95% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -20.76% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -36.70% | +7.13% |
Current DrawdownCurrent decline from peak | -9.78% | -1.51% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -7.14% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.52% | +1.97% |
Volatility
BRK-B vs. DIA - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) at 3.39%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than DIA 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 | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.39% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 9.49% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 12.26% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 14.81% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 17.55% | +1.89% |
Dividends
BRK-B vs. DIA - Dividend Comparison
BRK-B has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.38% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
Frequently Asked Questions
BRK-B and DIA have a correlation of 0.32, 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 DIA (3.39%). In terms of maximum drawdown, BRK-B dropped -53.86% vs DIA's -51.87%.
DIA currently has the higher Sharpe Ratio (1.69 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.
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