BRK-B vs. SHLD
BRK-B (Berkshire Hathaway Inc.) is a stock, while SHLD (Global X Defense Tech ETF) is Aerospace & Defense fund tracking the Global X Defense Tech Index. Over the past year, BRK-B returned -0.22% vs 10.40% for SHLD. At a 0.18 correlation, their price movements are largely independent.
Performance
BRK-B vs. SHLD - 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 SHLD's -1.50% return.
BRK-B
- 1D
- 0.71%
- 1M
- 0.77%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- -0.22%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
SHLD
- 1D
- -2.04%
- 1M
- 0.05%
- YTD
- -1.50%
- 6M
- -1.03%
- 1Y
- 10.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRK-B vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | -3.02% |
SHLD Global X Defense Tech ETF | -1.50% | 74.16% | 35.03% | 12.89% |
Correlation
The correlation between BRK-B and SHLD is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.18 |
The correlation between BRK-B and SHLD shifts across timeframes, from -0.09 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. SHLD — Risk / Return Rank
BRK-B
SHLD
BRK-B vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Global X Defense Tech ETF (SHLD). 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 | SHLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.52 | -0.54 |
| Martin ratioReturn relative to average drawdown | -0.05 | 1.28 | -1.33 |
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Drawdowns
BRK-B vs. SHLD - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for BRK-B and SHLD.
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Drawdown Indicators
| BRK-B | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -20.10% | -33.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -20.10% | +10.68% |
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 | -9.36% | -18.20% | +8.84% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -3.34% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 8.12% | -3.59% |
Volatility
BRK-B vs. SHLD - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while Global X Defense Tech ETF (SHLD) has a volatility of 9.05%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than SHLD 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 | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 9.05% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 19.94% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 24.55% | -10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 21.29% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 21.29% | -1.85% |
Dividends
BRK-B vs. SHLD - Dividend Comparison
BRK-B has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% |
Frequently Asked Questions
BRK-B and SHLD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHLD has higher volatility (9.05%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs SHLD's -20.10%.
SHLD currently has the higher Sharpe Ratio (0.43 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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