BRK-B vs. IWMI
BRK-B (Berkshire Hathaway Inc.) is a stock, while IWMI (NEOS Russell 2000 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past year, BRK-B returned 0.95% vs 37.32% for IWMI. At a 0.31 correlation, their price movements are largely independent.
Performance
BRK-B vs. IWMI - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -2.62% return, which is significantly lower than IWMI's 16.41% return.
BRK-B
- 1D
- -0.37%
- 1M
- 0.63%
- YTD
- -2.62%
- 6M
- -1.03%
- 1Y
- 0.95%
- 3Y*
- 13.10%
- 5Y*
- 12.30%
- 10Y*
- 13.20%
IWMI
- 1D
- 1.72%
- 1M
- 3.75%
- YTD
- 16.41%
- 6M
- 14.83%
- 1Y
- 37.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.62% | 10.89% | 9.49% |
IWMI NEOS Russell 2000 High Income ETF | 16.41% | 14.97% | 6.58% |
Correlation
The correlation between BRK-B and IWMI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024 | 0.31 |
The correlation between BRK-B and IWMI shifts across timeframes, from 0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. IWMI — Risk / Return Rank
BRK-B
IWMI
BRK-B vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and NEOS Russell 2000 High Income ETF (IWMI). 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 | IWMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.42 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 4.43 | -4.33 |
| Martin ratioReturn relative to average drawdown | 0.20 | 18.24 | -18.05 |
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Drawdowns
BRK-B vs. IWMI - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for BRK-B and IWMI.
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Drawdown Indicators
| BRK-B | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -23.88% | -29.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -8.40% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | — | — |
Current DrawdownCurrent decline from peak | -9.33% | 0.00% | -9.33% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -4.04% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.03% | +2.53% |
Volatility
BRK-B vs. IWMI - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.67%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 5.41%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than IWMI 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 | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 5.41% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 11.46% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.38% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 17.97% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 17.97% | +1.47% |
Dividends
BRK-B vs. IWMI - Dividend Comparison
BRK-B has not paid dividends to shareholders, while IWMI's dividend yield for the trailing twelve months is around 14.51%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% |
IWMI NEOS Russell 2000 High Income ETF | 14.51% | 14.05% | 8.78% |
Frequently Asked Questions
BRK-B and IWMI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMI has higher volatility (5.41%) compared to BRK-B (3.67%). In terms of maximum drawdown, BRK-B dropped -53.86% vs IWMI's -23.88%.
IWMI currently has the higher Sharpe Ratio (2.42 vs 0.06), 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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