BRK.TO vs. BRK-B

Last updated Apr 3, 2026

Compare and contrast key facts about Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) and Berkshire Hathaway Inc. (BRK-B).

Performance

BRK.TO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

BRK.TO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025
BRK.TO Berkshire Hathaway CDR (CAD Hedged)	-5.52%	3.71%
BRK-B Berkshire Hathaway Inc.	-3.63%	1.77%

Different Trading Currencies

BRK.TO is traded in CAD, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BRK.TO achieves a -5.52% return, which is significantly lower than BRK-B's -3.63% return.

BRK.TO

• 1D: -0.17%
• 1M: -0.80%
• YTD: -5.52%
• 6M: -4.85%
• 1Y: -13.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 0.13%
• 1M: 0.94%
• YTD: -3.63%
• 6M: -4.04%
• 1Y: -13.15%
• 3Y*: 16.82%
• 5Y*: 15.46%
• 10Y*: 13.49%

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

Return for Risk

BRK.TO vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRK.TO

BRK.TO Risk / Return Rank: 11
BRK.TO Sharpe Ratio Rank: 9
BRK.TO Sortino Ratio Rank: 11
BRK.TO Omega Ratio Rank: 11
BRK.TO Calmar Ratio Rank: 9
BRK.TO Martin Ratio Rank: 14

BRK-B

BRK-B Risk / Return Rank: 15
BRK-B Sharpe Ratio Rank: 14
BRK-B Sortino Ratio Rank: 15
BRK-B Omega Ratio Rank: 14
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 17

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.TO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) and Berkshire Hathaway Inc. (BRK-B). 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.TO	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	-0.75	-0.72	-0.03
Sortino ratio Return per unit of downside risk	-0.93	-0.87	-0.06
Omega ratio Gain probability vs. loss probability	0.88	0.88	-0.01
Calmar ratio Return relative to maximum drawdown	-0.84	-0.74	-0.10
Martin ratio Return relative to average drawdown	-1.30	-1.16	-0.14
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.TO vs. BRK-B - Sharpe Ratio Comparison

The current BRK.TO Sharpe Ratio is -0.75, which is comparable to the BRK-B Sharpe Ratio of -0.72. The chart below compares the historical Sharpe Ratios of BRK.TO and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BRK.TO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	-0.72	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.79	-0.89

Correlation

The correlation between BRK.TO and BRK-B is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BRK.TO vs. BRK-B - Dividend Comparison

Neither BRK.TO nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BRK.TO vs. BRK-B - Drawdown Comparison

The maximum BRK.TO drawdown since its inception was -15.09%, smaller than the maximum BRK-B drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for BRK.TO and BRK-B.

Drawdown Indicators

	BRK.TO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-15.09%	-53.86%	+38.77%
Max Drawdown (1Y) Largest decline over 1 year	-15.09%	-14.95%	-0.14%
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	-13.51%	-11.57%	-1.94%
Average Drawdown Average peak-to-trough decline	-8.21%	-11.07%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.76%	8.75%	+1.01%

Volatility

BRK.TO vs. BRK-B - Volatility Comparison

The current volatility for Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) is 3.98%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.25%. This indicates that BRK.TO experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK.TO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.25%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	11.81%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	18.36%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.24%	16.11%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	18.31%	-0.07%

Financials