BRK-B vs. XMMO

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index. Over the past 10 years, BRK-B returned 13.14%/yr vs 19.50%/yr for XMMO. At a 0.50 correlation, their price movements are largely independent.

Performance

BRK-B vs. XMMO - Performance Comparison

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

Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than XMMO's 19.66% return. Over the past 10 years, BRK-B has underperformed XMMO with an annualized return of 13.14%, while XMMO has yielded a comparatively higher 19.50% 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%

XMMO

• 1D: 0.46%
• 1M: -0.10%
• YTD: 19.66%
• 6M: 19.51%
• 1Y: 31.14%
• 3Y*: 29.91%
• 5Y*: 15.72%
• 10Y*: 19.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. XMMO - 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%
XMMO Invesco S&P MidCap Momentum ETF	19.66%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%

Correlation

The correlation between BRK-B and XMMO 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 (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.50

Over the past year, the correlation between BRK-B and XMMO has dropped to 0.12 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. XMMO — 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: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

XMMO

XMMO Risk / Return Rank: 64
XMMO Sharpe Ratio Rank: 53
XMMO Sortino Ratio Rank: 52
XMMO Omega Ratio Rank: 52
XMMO Calmar Ratio Rank: 80
XMMO Martin Ratio Rank: 83

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. XMMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Invesco S&P MidCap Momentum ETF (XMMO). 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	XMMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.63	-1.73
Sortino ratio: Return per unit of downside risk	-0.03	2.29	-2.32
Omega ratio: Gain probability vs. loss probability	1.00	1.29	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.14	3.75	-3.89
Martin ratio: Return relative to average drawdown	-0.30	15.23	-15.52
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. XMMO - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the XMMO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of BRK-B and XMMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BRK-B	XMMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.63	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.73	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.88	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.57	-0.09

Drawdowns

BRK-B vs. XMMO - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for BRK-B and XMMO.

Drawdown Indicators

	BRK-B	XMMO	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-55.37%	+1.51%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-8.34%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-24.93%	+9.98%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-27.91%	+1.33%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-36.74%	+7.17%
Current Drawdown Current decline from peak	-9.78%	-3.69%	-6.09%
Average Drawdown Average peak-to-trough decline	-11.07%	-9.45%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	2.07%	+2.42%

Volatility

BRK-B vs. XMMO - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 7.70%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	XMMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	7.70%	-3.72%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	16.07%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	19.18%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	21.52%	-4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	22.31%	-2.87%

Dividends

BRK-B vs. XMMO - Dividend Comparison

BRK-B has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.62%.

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%
XMMO Invesco S&P MidCap Momentum ETF	0.62%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both BRK-B and XMMO in my portfolio?

BRK-B and XMMO 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.

Which is riskier, BRK-B or XMMO?

XMMO has higher volatility (7.70%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs XMMO's -55.37%.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.63 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.