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BRK-B vs. SPYI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRK-B vs. SPYI

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, BRK-B returned 13.25%/yr vs 15.60%/yr for SPYI. At a 0.45 correlation, their price movements are largely independent.

Performance

BRK-B vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than SPYI's 5.97% 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%

SPYI

1D
0.30%
1M
0.11%
YTD
5.97%
6M
6.55%
1Y
20.24%
3Y*
15.60%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. SPYI - Yearly Performance Comparison

2026 (YTD)2025202420232022
BRK-B
Berkshire Hathaway Inc.		-3.11%10.89%27.09%15.46%7.46%
SPYI
NEOS S&P 500 High Income ETF		5.97%16.67%19.03%18.09%-3.96%

Correlation

The correlation between BRK-B and SPYI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2022

0.45

Over the past year, the correlation between BRK-B and SPYI has dropped to 0.12 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

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Berkshire Hathaway Inc.

NEOS S&P 500 High Income ETF

Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT
Often compared with SPYI:
SPYI vs. QQQISPYI vs. SPYSPYI vs. JEPISPYI vs. JEPQSPYI vs. GPIXSPYI vs. SCHDSPYI vs. VOO

Return for Risk

BRK-B vs. SPYI — 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: 3535
Overall Rank
BRK-B Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3030
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3030
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 3838
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 3737
Martin Ratio Rank
SPYI
SPYI Risk / Return Rank: 7070
Overall Rank
SPYI Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SPYI Sortino Ratio Rank: 6868
Sortino Ratio Rank
SPYI Omega Ratio Rank: 7676
Omega Ratio Rank
SPYI Calmar Ratio Rank: 5959
Calmar Ratio Rank
SPYI Martin Ratio Rank: 7878
Martin Ratio Rank
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. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and NEOS S&P 500 High Income ETF (SPYI). 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-BSPYIDifference
Sharpe ratioReturn per unit of total volatility
-0.09
2.06

-2.15

Sortino ratioReturn per unit of downside risk
-0.03
2.78

-2.81

Omega ratioGain probability vs. loss probability

1.00

1.40

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.14

2.63

-2.78

Martin ratioReturn relative to average drawdown

-0.30

13.60

-13.89

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. SPYI - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the SPYI Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BRK-B and SPYI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BRK-BSPYIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.09

2.06

-2.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

1.17

-0.69

Drawdowns

BRK-B vs. SPYI - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for BRK-B and SPYI.

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Drawdown Indicators

BRK-BSPYIDifference

Max Drawdown

Largest peak-to-trough decline

-53.86%

-16.47%

-37.39%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-7.72%

-1.70%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-16.47%

+1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-29.57%

—

—

Current Drawdown

Current decline from peak

-9.78%

-2.11%

-7.67%

Average Drawdown

Average peak-to-trough decline

-11.07%

-1.80%

-9.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.49%

1.49%

+3.00%

Volatility

BRK-B vs. SPYI - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.87%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRK-BSPYIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

2.87%

+1.11%

Volatility (6M)

Calculated over the trailing 6-month period

10.87%

7.78%

+3.09%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

9.88%

+4.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.13%

12.95%

+4.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

12.95%

+6.49%

Dividends

BRK-B vs. SPYI - Dividend Comparison

BRK-B has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.83%.

PositionTTM2025202420232022
BRK-B
Berkshire Hathaway Inc.		0.00%0.00%0.00%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF		11.83%11.70%12.04%12.01%4.10%

Frequently Asked Questions

BRK-B and SPYI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BRK-B has higher volatility (3.98%) compared to SPYI (2.87%). In terms of maximum drawdown, BRK-B dropped -53.86% vs SPYI's -16.47%.

SPYI currently has the higher Sharpe Ratio (2.06 vs -0.09), 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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