BRK-B vs. FEZ
BRK-B (Berkshire Hathaway Inc.) is a stock, while FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, BRK-B returned 13.14%/yr vs 10.66%/yr for FEZ. At a 0.48 correlation, their price movements are largely independent.
Performance
BRK-B vs. FEZ - 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 FEZ's 4.68% return. Over the past 10 years, BRK-B has outperformed FEZ with an annualized return of 13.14%, while FEZ has yielded a comparatively lower 10.66% 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%
FEZ
- 1D
- 0.63%
- 1M
- 0.33%
- YTD
- 4.68%
- 6M
- 6.49%
- 1Y
- 15.20%
- 3Y*
- 17.76%
- 5Y*
- 9.78%
- 10Y*
- 10.66%
BRK-B vs. FEZ - 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% |
FEZ SPDR EURO STOXX 50 ETF | 4.68% | 37.81% | 3.57% | 27.16% | -14.27% | 14.84% | 4.84% | 26.04% | -15.85% | 24.80% |
Correlation
The correlation between BRK-B and FEZ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2002 | 0.48 |
Over the past year, the correlation between BRK-B and FEZ has dropped to 0.11 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
BRK-B vs. FEZ — Risk / Return Rank
BRK-B
FEZ
BRK-B vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and SPDR EURO STOXX 50 ETF (FEZ). 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 | FEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.12 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.30 | 3.81 | -4.10 |
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 | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.84 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.48 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.51 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.30 | +0.18 |
Drawdowns
BRK-B vs. FEZ - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for BRK-B and FEZ.
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Drawdown Indicators
| BRK-B | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -64.21% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -13.63% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -15.85% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -35.05% | +8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -39.69% | +10.12% |
Current DrawdownCurrent decline from peak | -9.78% | -2.79% | -6.99% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -17.07% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 4.00% | +0.49% |
Volatility
BRK-B vs. FEZ - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 5.64%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than FEZ 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 | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.64% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 15.06% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 18.11% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 20.64% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 21.12% | -1.68% |
Dividends
BRK-B vs. FEZ - Dividend Comparison
BRK-B has not paid dividends to shareholders, while FEZ's dividend yield for the trailing twelve months is around 2.58%.
| 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% |
FEZ SPDR EURO STOXX 50 ETF | 2.58% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
Frequently Asked Questions
BRK-B and FEZ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEZ has higher volatility (5.64%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FEZ's -64.21%.
FEZ currently has the higher Sharpe Ratio (0.84 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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