BRK-B vs. DXJ

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while DXJ (WisdomTree Japan Hedged Equity Fund) is Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Over the past 10 years, BRK-B returned 13.22%/yr vs 18.72%/yr for DXJ. At a 0.47 correlation, their price movements are largely independent.

Performance

BRK-B vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than DXJ's 18.74% return. Over the past 10 years, BRK-B has underperformed DXJ with an annualized return of 13.22%, while DXJ has yielded a comparatively higher 18.72% annualized return.

BRK-B

• 1D: 0.71%
• 1M: 1.07%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: 0.35%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

DXJ

• 1D: 0.74%
• 1M: -0.37%
• YTD: 18.74%
• 6M: 19.84%
• 1Y: 54.41%
• 3Y*: 30.91%
• 5Y*: 26.01%
• 10Y*: 18.72%

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

BRK-B vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	-2.67%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%
DXJ WisdomTree Japan Hedged Equity Fund	18.74%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between BRK-B and DXJ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.47

Over the past year, the correlation between BRK-B and DXJ has dropped to 0.21 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. DXJ — 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: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

DXJ

DXJ Risk / Return Rank: 92
DXJ Sharpe Ratio Rank: 93
DXJ Sortino Ratio Rank: 93
DXJ Omega Ratio Rank: 92
DXJ Calmar Ratio Rank: 90
DXJ Martin Ratio Rank: 91

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. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and WisdomTree Japan Hedged Equity Fund (DXJ). 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	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	3.02	-3.04
Sortino ratio: Return per unit of downside risk	0.08	4.04	-3.96
Omega ratio: Gain probability vs. loss probability	1.01	1.54	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.02	4.88	-4.91
Martin ratio: Return relative to average drawdown	-0.05	18.93	-18.98

BRK-B vs. DXJ - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the DXJ Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of BRK-B and DXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRK-B vs. DXJ - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than DXJ's maximum drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for BRK-B and DXJ.

Drawdown Indicators

	BRK-B	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-49.63%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-10.98%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-22.19%	+7.24%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-22.19%	-4.39%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-39.14%	+9.57%
Current Drawdown Current decline from peak	-9.36%	-1.34%	-8.02%
Average Drawdown Average peak-to-trough decline	-11.07%	-14.32%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.83%	+1.70%

Volatility

BRK-B vs. DXJ - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.64%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	4.64%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	13.56%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	17.73%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	19.02%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	20.17%	-0.73%

Dividends

BRK-B vs. DXJ - Dividend Comparison

BRK-B has not paid dividends to shareholders, while DXJ's dividend yield for the trailing twelve months is around 1.09%.

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%
DXJ WisdomTree Japan Hedged Equity Fund	1.09%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Frequently Asked Questions

Can I hold both BRK-B and DXJ in my portfolio?

BRK-B and DXJ have a correlation of 0.21, 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 DXJ?

DXJ has higher volatility (4.64%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs DXJ's -49.63%.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.02 vs -0.02), 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.