BRK-B vs. MSTR
BRK-B (Berkshire Hathaway Inc.) and MSTR (Strategy Inc) are both stocks. BRK-B operates in Insurance - Diversified (Financial Services), while MSTR operates in Software - Application (Technology). Over the past 10 years, BRK-B returned 13.14%/yr vs 21.08%/yr for MSTR. At a 0.23 correlation, their price movements are largely independent.
Performance
BRK-B vs. MSTR - 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 higher than MSTR's -16.29% return. Over the past 10 years, BRK-B has underperformed MSTR with an annualized return of 13.14%, while MSTR has yielded a comparatively higher 21.08% 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%
MSTR
- 1D
- 5.61%
- 1M
- -32.19%
- YTD
- -16.29%
- 6M
- -30.75%
- 1Y
- -66.03%
- 3Y*
- 65.16%
- 5Y*
- 19.92%
- 10Y*
- 21.08%
BRK-B vs. MSTR - 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% |
MSTR Strategy Inc | -16.29% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
Correlation
The correlation between BRK-B and MSTR is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 1998 | 0.23 |
The correlation between BRK-B and MSTR shifts across timeframes, from -0.20 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BRK-B:
$1.05T
MSTR:
$42.47B
BRK-B:
$33.62
MSTR:
-$40.19
BRK-B:
2.80
MSTR:
79.74
BRK-B:
1.44
MSTR:
1.16
BRK-B:
$375.39B
MSTR:
$490.47M
BRK-B:
$94.36B
MSTR:
$334.08M
BRK-B:
$71.92B
MSTR:
$466.93M
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Return for Risk
BRK-B vs. MSTR — Risk / Return Rank
BRK-B
MSTR
BRK-B vs. MSTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Strategy Inc (MSTR). 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 | MSTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.82 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.86 | +0.72 |
| Martin ratioReturn relative to average drawdown | -0.30 | -1.27 | +0.97 |
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 | MSTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.94 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.22 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.29 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.12 | +0.36 |
Drawdowns
BRK-B vs. MSTR - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BRK-B and MSTR.
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Drawdown Indicators
| BRK-B | MSTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -99.86% | +46.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -76.53% | +67.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -77.42% | +62.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -84.11% | +57.53% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -89.27% | +59.70% |
Current DrawdownCurrent decline from peak | -9.78% | -73.15% | +63.37% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -86.47% | +75.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 52.19% | -47.70% |
Volatility
BRK-B vs. MSTR - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Strategy Inc (MSTR) has a volatility of 21.43%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than MSTR 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 | MSTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 21.43% | -17.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 56.80% | -45.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 70.82% | -56.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 90.87% | -73.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 73.77% | -54.33% |
Dividends
BRK-B vs. MSTR - Dividend Comparison
Neither BRK-B nor MSTR has paid dividends to shareholders.
Financials
BRK-B vs. MSTR - Financials Comparison
This section allows you to compare key financial metrics between Berkshire Hathaway Inc. and Strategy Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BRK-B and MSTR have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTR has higher volatility (21.43%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs MSTR's -99.86%.
BRK-B currently has the higher Sharpe Ratio (-0.09 vs -0.94), 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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