BRK-B vs. XLB.TO
BRK-B (Berkshire Hathaway Inc.) is a stock, while XLB.TO (iShares Core Canadian Long Term Bond Index ETF) is Canadian Government Bonds fund tracking the Morningstar Can 10+Y Core Bd GR CAD. Over the past 10 years, BRK-B returned 13.22%/yr vs -0.14%/yr for XLB.TO. At a correlation of -0.08, they often move in opposite directions.
Performance
BRK-B vs. XLB.TO - Performance Comparison
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Different Trading Currencies
BRK-B is traded in USD, while XLB.TO is traded in CAD. To make them comparable, the XLB.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than XLB.TO's 0.25% return. Over the past 10 years, BRK-B has outperformed XLB.TO with an annualized return of 13.22%, while XLB.TO has yielded a comparatively lower -0.14% annualized 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%
XLB.TO
- 1D
- -0.39%
- 1M
- -0.19%
- YTD
- 0.25%
- 6M
- 1.39%
- 1Y
- 1.01%
- 3Y*
- 1.86%
- 5Y*
- -4.59%
- 10Y*
- -0.14%
BRK-B vs. XLB.TO - 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% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 0.25% | 3.99% | -7.15% | 11.81% | -26.31% | -4.54% | 13.88% | 17.71% | -7.99% | 14.89% |
Correlation
The correlation between BRK-B and XLB.TO is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2006 | -0.08 |
The correlation between BRK-B and XLB.TO shifts across timeframes, from -0.08 (10 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. XLB.TO — Risk / Return Rank
BRK-B
XLB.TO
BRK-B vs. XLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and iShares Core Canadian Long Term Bond Index ETF (XLB.TO). 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 | XLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.18 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.05 | 0.38 | -0.43 |
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Drawdowns
BRK-B vs. XLB.TO - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than XLB.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for BRK-B and XLB.TO.
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Drawdown Indicators
| BRK-B | XLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -36.38% | -17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -5.76% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -14.63% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -34.20% | +7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -36.38% | +6.81% |
Current DrawdownCurrent decline from peak | -9.36% | -24.01% | +14.65% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -11.09% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.63% | +1.90% |
Volatility
BRK-B vs. XLB.TO - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.95% compared to iShares Core Canadian Long Term Bond Index ETF (XLB.TO) at 3.13%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than XLB.TO 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 | XLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.13% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 6.88% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 8.96% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 13.88% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 13.36% | +6.08% |
Dividends
BRK-B vs. XLB.TO - Dividend Comparison
BRK-B has not paid dividends to shareholders, while XLB.TO's dividend yield for the trailing twelve months is around 4.02%.
| 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% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 4.02% | 4.05% | 3.82% | 3.73% | 3.97% | 3.03% | 2.90% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% |
Frequently Asked Questions
BRK-B and XLB.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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