BRK-B vs. GDMA

Last updated Aug 1, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while GDMA (Gadsden Dynamic Multi-Asset ETF) is Global Allocation fund actively managed by Gadsden. Over the past 5 years, BRK-B returned 12.95%/yr vs 8.45%/yr for GDMA. Their 0.19 correlation means their historical movements had little consistent relationship.

Performance

BRK-B vs. GDMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Gadsden Dynamic Multi-Asset ETF (GDMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a 1.77% return, which is significantly lower than GDMA's 10.56% return.

BRK-B

• 1D: 0.36%
• 1M: 2.36%
• 6M: 6.45%
• YTD: 1.77%
• 1Y: 8.40%
• 3Y*: 13.24%
• 5Y*: 12.95%
• 10Y*: 13.57%
• ALL TIME*: 10.71%

GDMA

• 1D: 0.67%
• 1M: 0.43%
• 6M: 1.94%
• YTD: 10.56%
• 1Y: 23.37%
• 3Y*: 16.04%
• 5Y*: 8.45%
• 10Y*: —
• ALL TIME*: 9.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRK-B Berkshire Hathaway Inc.	$2.04B	$2.04B	$2.42B
GDMA Gadsden Dynamic Multi-Asset ETF	$1.65M	$1.00M	$708.66K

BRK-B vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BRK-B Berkshire Hathaway Inc.	1.77%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	-5.49%
GDMA Gadsden Dynamic Multi-Asset ETF	10.56%	25.29%	7.44%	1.72%	-2.08%	3.95%	21.08%	11.59%	-3.70%

Correlation

The correlation between BRK-B and GDMA is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.13
Correlation (3Y) Balances recent behavior with more history.	0.10
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.19

The correlation between BRK-B and GDMA shifts across timeframes, from -0.12 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. GDMA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRK-B

BRK-B Risk / Return Rank: 61
BRK-B Sharpe Ratio Rank: 65
BRK-B Sortino Ratio Rank: 56
BRK-B Omega Ratio Rank: 55
BRK-B Calmar Ratio Rank: 65
BRK-B Martin Ratio Rank: 64

GDMA

GDMA Risk / Return Rank: 67
GDMA Sharpe Ratio Rank: 64
GDMA Sortino Ratio Rank: 58
GDMA Omega Ratio Rank: 68
GDMA Calmar Ratio Rank: 84
GDMA Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRK-B vs. GDMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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	GDMA	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.49	-0.91
Sortino ratio: Return per unit of downside risk	0.89	1.97	-1.08
Omega ratio: Gain probability vs. loss probability	1.11	1.28	-0.17
Calmar ratio: Return relative to maximum drawdown	0.90	3.12	-2.22
Martin ratio: Return relative to average drawdown	1.88	7.24	-5.36

BRK-B vs. GDMA - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is 0.57, which is lower than the GDMA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of BRK-B and GDMA, 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. GDMA - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for BRK-B and GDMA.

Drawdown Indicators

	BRK-B	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-16.66%	-37.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-7.53%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-7.53%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-12.74%	-13.84%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	—	—
Current Drawdown Current decline from peak	-5.24%	-3.21%	-2.03%
Average Drawdown Average peak-to-trough decline	-11.06%	-3.79%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	3.24%	+1.25%

Volatility

BRK-B vs. GDMA - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 4.59% compared to Gadsden Dynamic Multi-Asset ETF (GDMA) at 3.27%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	3.27%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	13.20%	-2.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	15.80%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	10.24%	+6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	11.39%	+8.03%

Dividends

BRK-B vs. GDMA - Dividend Comparison

BRK-B has not paid dividends to shareholders, while GDMA's dividend yield for the trailing twelve months is around 2.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDMA Gadsden Dynamic Multi-Asset ETF	2.53%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Frequently Asked Questions

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

BRK-B and GDMA have a correlation of -0.12, 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 GDMA?

BRK-B has higher volatility (4.59%) compared to GDMA (3.27%). In terms of maximum drawdown, BRK-B dropped -53.86% vs GDMA's -16.66%.

Which has better risk-adjusted returns?

GDMA currently has the higher Sharpe Ratio (1.49 vs 0.57), 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.