BRK-B vs. ETV
BRK-B (Berkshire Hathaway Inc.) and ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) are both stocks. Both are in the Financial Services sector — BRK-B in Insurance - Diversified, ETV in Asset Management. Over the past 10 years, BRK-B returned 13.14%/yr vs 9.16%/yr for ETV. At a 0.43 correlation, their price movements are largely independent.
Performance
BRK-B vs. ETV - 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 ETV's 5.95% return. Over the past 10 years, BRK-B has outperformed ETV with an annualized return of 13.14%, while ETV has yielded a comparatively lower 9.16% annualized 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%
ETV
- 1D
- -0.20%
- 1M
- 0.89%
- YTD
- 5.95%
- 6M
- 6.77%
- 1Y
- 18.79%
- 3Y*
- 15.14%
- 5Y*
- 6.96%
- 10Y*
- 9.16%
BRK-B vs. ETV - 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% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 5.95% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Correlation
The correlation between BRK-B and ETV is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2005 | 0.43 |
Over the past year, the correlation between BRK-B and ETV has dropped to 0.00 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
Fundamentals
BRK-B:
$1.05T
ETV:
$1.72B
BRK-B:
$33.62
ETV:
$4.95
BRK-B:
14.49
ETV:
2.97
BRK-B:
0.56
ETV:
0.09
BRK-B:
2.80
ETV:
5.65
BRK-B:
1.44
ETV:
0.94
BRK-B:
$375.39B
ETV:
$303.84M
BRK-B:
$94.36B
ETV:
$149.51M
BRK-B:
$71.92B
ETV:
$578.17M
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Return for Risk
BRK-B vs. ETV — Risk / Return Rank
BRK-B
ETV
BRK-B vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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 | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.83 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.30 | 9.34 | -9.64 |
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 | ETV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.54 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.41 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.48 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.43 | +0.06 |
Drawdowns
BRK-B vs. ETV - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for BRK-B and ETV.
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Drawdown Indicators
| BRK-B | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -52.11% | -1.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -10.34% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -20.27% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -22.71% | -3.87% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -42.39% | +12.82% |
Current DrawdownCurrent decline from peak | -9.78% | -1.67% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -5.58% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.01% | +2.48% |
Volatility
BRK-B vs. ETV - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 3.60%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than ETV 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 | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.60% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 10.12% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 12.31% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.88% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 19.34% | +0.10% |
Dividends
BRK-B vs. ETV - Dividend Comparison
BRK-B has not paid dividends to shareholders, while ETV's dividend yield for the trailing twelve months is around 8.11%.
| 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% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.11% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Financials
BRK-B vs. ETV - Financials Comparison
This section allows you to compare key financial metrics between Berkshire Hathaway Inc. and Eaton Vance Tax-Managed Buy-Write Opportunities Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BRK-B and ETV have a correlation of 0.00, 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 ETV (3.60%). In terms of maximum drawdown, BRK-B dropped -53.86% vs ETV's -52.11%.
ETV currently has the higher Sharpe Ratio (1.54 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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