BRK-B vs. INCO

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while INCO (Columbia India Consumer ETF) is Asia Pacific Equities fund tracking the Indxx India Consumer Index. Over the past 10 years, BRK-B returned 13.14%/yr vs 8.31%/yr for INCO. At a 0.31 correlation, their price movements are largely independent.

Performance

BRK-B vs. INCO - Performance Comparison

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

Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly higher than INCO's -12.41% return. Over the past 10 years, BRK-B has outperformed INCO with an annualized return of 13.14%, while INCO has yielded a comparatively lower 8.31% 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%

INCO

• 1D: -0.65%
• 1M: -6.27%
• YTD: -12.41%
• 6M: -10.02%
• 1Y: -12.31%
• 3Y*: 6.45%
• 5Y*: 5.53%
• 10Y*: 8.31%

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

BRK-B vs. INCO - 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%
INCO Columbia India Consumer ETF	-12.41%	0.59%	12.70%	34.63%	-7.01%	19.28%	14.55%	-4.22%	-10.81%	53.28%

Correlation

The correlation between BRK-B and INCO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 11, 2011	0.31

Over the past year, the correlation between BRK-B and INCO has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. INCO — 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: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

INCO

INCO Risk / Return Rank: 3
INCO Sharpe Ratio Rank: 3
INCO Sortino Ratio Rank: 3
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 4
INCO Martin Ratio Rank: 1

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. INCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Columbia India Consumer ETF (INCO). 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	INCO	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	-0.73	+0.64
Sortino ratio: Return per unit of downside risk	-0.03	-0.99	+0.96
Omega ratio: Gain probability vs. loss probability	1.00	0.89	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.14	-0.58	+0.44
Martin ratio: Return relative to average drawdown	-0.30	-1.46	+1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRK-B vs. INCO - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is higher than the INCO Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of BRK-B and INCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRK-B	INCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	-0.73	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.33	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.41	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.42	+0.06

Drawdowns

BRK-B vs. INCO - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than INCO's maximum drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for BRK-B and INCO.

Drawdown Indicators

	BRK-B	INCO	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-47.69%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-21.37%	+11.95%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-29.98%	+15.03%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-29.98%	+3.40%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-47.69%	+18.12%
Current Drawdown Current decline from peak	-9.78%	-25.40%	+15.62%
Average Drawdown Average peak-to-trough decline	-11.07%	-10.58%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	8.47%	-3.98%

Volatility

BRK-B vs. INCO - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Columbia India Consumer ETF (INCO) has a volatility of 5.50%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	INCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	5.50%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	14.33%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	16.90%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	16.91%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	20.32%	-0.88%

Dividends

BRK-B vs. INCO - Dividend Comparison

Neither BRK-B nor INCO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%

Frequently Asked Questions

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

BRK-B and INCO have a correlation of 0.05, 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 INCO?

INCO has higher volatility (5.50%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs INCO's -47.69%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (-0.09 vs -0.73), 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.