BRK-B vs. GLDM
BRK-B (Berkshire Hathaway Inc.) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, BRK-B returned 11.03%/yr vs 17.89%/yr for GLDM. At a correlation of -0.01, they often move in opposite directions.
Performance
BRK-B vs. GLDM - 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 GLDM's 0.30% 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%
GLDM
- 1D
- 0.25%
- 1M
- -8.41%
- YTD
- 0.30%
- 6M
- 3.19%
- 1Y
- 30.55%
- 3Y*
- 30.08%
- 5Y*
- 17.89%
- 10Y*
- —
BRK-B vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 9.52% |
GLDM SPDR Gold MiniShares Trust | 0.30% | 64.20% | 27.08% | 13.04% | -0.47% | -4.01% | 25.10% | 18.10% | 1.84% |
Correlation
The correlation between BRK-B and GLDM is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | -0.01 |
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Return for Risk
BRK-B vs. GLDM — Risk / Return Rank
BRK-B
GLDM
BRK-B vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and SPDR Gold MiniShares Trust (GLDM). 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 | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.53 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.30 | 3.85 | -4.14 |
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 | GLDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.15 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.00 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.99 | -0.51 |
Drawdowns
BRK-B vs. GLDM - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for BRK-B and GLDM.
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Drawdown Indicators
| BRK-B | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -21.63% | -32.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -20.00% | +10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -20.00% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -20.92% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -9.78% | -19.80% | +10.02% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -6.24% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 7.96% | -3.47% |
Volatility
BRK-B vs. GLDM - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 5.65%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than GLDM 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 | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 5.65% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 23.31% | -12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 26.65% | -12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 17.98% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 16.89% | +2.55% |
Dividends
BRK-B vs. GLDM - Dividend Comparison
Neither BRK-B nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
BRK-B and GLDM have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDM has higher volatility (5.65%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs GLDM's -21.63%.
GLDM currently has the higher Sharpe Ratio (1.15 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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