BRK-B vs. RY
BRK-B (Berkshire Hathaway Inc.) and RY (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — BRK-B in Insurance - Diversified, RY in Banks - Diversified. Over the past 10 years, BRK-B returned 13.22%/yr vs 17.18%/yr for RY. At a 0.38 correlation, their price movements are largely independent.
Performance
BRK-B vs. RY - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than RY's 18.68% return. Over the past 10 years, BRK-B has underperformed RY with an annualized return of 13.22%, while RY has yielded a comparatively higher 17.18% annualized return.
BRK-B
- 1D
- 0.71%
- 1M
- 1.36%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- 0.35%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
RY
- 1D
- 0.14%
- 1M
- 8.80%
- YTD
- 18.68%
- 6M
- 21.99%
- 1Y
- 60.93%
- 3Y*
- 33.55%
- 5Y*
- 18.33%
- 10Y*
- 17.18%
BRK-B vs. RY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
RY Royal Bank of Canada | 18.68% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
Correlation
The correlation between BRK-B and RY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 9, 1996 | 0.38 |
The correlation between BRK-B and RY shifts across timeframes, from 0.23 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BRK-B:
$1.06T
RY:
$205.02B
BRK-B:
$33.62
RY:
CA$18.17
BRK-B:
14.55
RY:
15.35
BRK-B:
0.56
RY:
2.22
BRK-B:
2.81
RY:
2.45
BRK-B:
1.45
RY:
2.21
BRK-B:
$375.39B
RY:
CA$138.99B
BRK-B:
$94.36B
RY:
CA$65.64B
BRK-B:
$71.92B
RY:
CA$30.01B
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Return for Risk
BRK-B vs. RY — Risk / Return Rank
BRK-B
RY
BRK-B vs. RY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Royal Bank of Canada (RY). 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 | RY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -5.62 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.70 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 5.97 | -5.99 |
| Martin ratioReturn relative to average drawdown | -0.05 | 22.22 | -22.27 |
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Drawdowns
BRK-B vs. RY - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum RY drawdown of -62.90%. Use the drawdown chart below to compare losses from any high point for BRK-B and RY.
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Drawdown Indicators
| BRK-B | RY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -62.90% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -10.04% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -19.88% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -28.36% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -39.95% | +10.38% |
Current DrawdownCurrent decline from peak | -9.36% | 0.00% | -9.36% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -9.32% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.69% | +1.84% |
Volatility
BRK-B vs. RY - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) and Royal Bank of Canada (RY) have volatilities of 3.95% and 4.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | RY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 4.01% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 11.34% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 15.10% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 18.00% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 19.76% | -0.32% |
Dividends
BRK-B vs. RY - Dividend Comparison
BRK-B has not paid dividends to shareholders, while RY's dividend yield for the trailing twelve months is around 2.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
RY Royal Bank of Canada | 2.32% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
BRK-B vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Berkshire Hathaway Inc. and Royal Bank of Canada. 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
BRK-B vs. RY - Profitability Comparison
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a gross profit of 16.51B and revenue of 33.93B. Therefore, the gross margin over that period was 48.7%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.93B, resulting in an operating margin of 20.9%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.93B, resulting in a net margin of 16.2%.
Frequently Asked Questions
BRK-B and RY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RY has higher volatility (4.01%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs RY's -62.90%.
RY currently has the higher Sharpe Ratio (3.97 vs -0.02), 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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