BRKD vs. OMAH

Last updated Aug 5, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both exchange-traded funds - BRKD is a Inverse Equities fund tracking the Berkshire Hathaway Inc. Class B (-100%), while OMAH is a Derivative Income fund actively managed by VistaShares. BRKD is passively managed, while OMAH is actively managed. Over the past year, BRKD returned -1.36% vs 16.89% for OMAH. Their -0.51 correlation means they have often moved in opposite directions in the past. BRKD charges 1.00%/yr vs 0.95%/yr for OMAH.

Performance

BRKD vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bear 1X Shares (BRKD) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKD achieves a 5.90% return, which is significantly lower than OMAH's 10.88% return.

BRKD

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.48%
• YTD: 5.90%
• 1Y: -1.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.59%

OMAH

• 1D: 0.37%
• 1M: 2.11%
• 6M: 10.79%
• YTD: 10.88%
• 1Y: 16.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKD Direxion Daily BRKB Bear 1X Shares	$0.00	$0.00	$0.00
OMAH VistaShares Target 15™ Berkshire Select Income ETF	$20.61M	$17.47M	$16.72M

BRKD vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	1.39%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	10.88%	6.55%

Correlation

The correlation between BRKD and OMAH is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.45
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025	-0.51

The correlation between BRKD and OMAH has been stable across timeframes, ranging from -0.51 to -0.45 - a consistent structural relationship.

Return for Risk

BRKD vs. OMAH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRKD

BRKD Risk / Return Rank: 8
BRKD Sharpe Ratio Rank: 9
BRKD Sortino Ratio Rank: 8
BRKD Omega Ratio Rank: 8
BRKD Calmar Ratio Rank: 8
BRKD Martin Ratio Rank: 8

OMAH

OMAH Risk / Return Rank: 83
OMAH Sharpe Ratio Rank: 80
OMAH Sortino Ratio Rank: 79
OMAH Omega Ratio Rank: 77
OMAH Calmar Ratio Rank: 95
OMAH Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRKD vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.

	BRKD	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	2.03	-2.15
Sortino ratio: Return per unit of downside risk	-0.08	2.86	-2.94
Omega ratio: Gain probability vs. loss probability	0.99	1.36	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.15	5.76	-5.91
Martin ratio: Return relative to average drawdown	-0.30	13.81	-14.12

BRKD vs. OMAH - Sharpe Ratio Comparison

The current BRKD Sharpe Ratio is -0.11, which is lower than the OMAH Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BRKD and OMAH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKD vs. OMAH - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for BRKD and OMAH.

Drawdown Indicators

	BRKD	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	-11.83%	-6.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.85%	-2.95%	-5.90%
Current Drawdown Current decline from peak	-3.69%	0.00%	-3.69%
Average Drawdown Average peak-to-trough decline	-7.31%	-1.22%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	1.23%	+3.61%

Volatility

BRKD vs. OMAH - Volatility Comparison

The current volatility for Direxion Daily BRKB Bear 1X Shares (BRKD) is 0.00%, while VistaShares Target 15™ Berkshire Select Income ETF (OMAH) has a volatility of 3.01%. This indicates that BRKD experiences smaller price fluctuations and is considered to be less risky than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKD	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.01%	-3.01%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	5.91%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	8.35%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	12.82%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	12.82%	+3.51%

BRKD vs. OMAH - Expense Ratio Comparison

BRKD has a 1.00% expense ratio, which is higher than OMAH's 0.95% expense ratio.

Dividends

BRKD vs. OMAH - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 1.91%, less than OMAH's 14.83% yield.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	1.91%	3.50%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	14.83%	12.86%

Frequently Asked Questions

Can I hold both BRKD and OMAH in my portfolio?

BRKD and OMAH have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKD or OMAH?

OMAH has higher volatility (3.01%) compared to BRKD (0.00%). In terms of maximum drawdown, BRKD dropped -17.92% vs OMAH's -11.83%.

Which ETF is better, BRKD or OMAH?

On 1-year performance, OMAH leads with 16.89% vs -1.36% for BRKD. On fees, OMAH is cheaper at 0.95% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKD or OMAH?

Over the 1-year period, OMAH has performed better with a 16.89% return vs -1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKD or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 1.00% for BRKD.

Which ETF pays a higher dividend yield, BRKD or OMAH?

OMAH has the higher dividend yield at 14.83%, compared with 1.91% for BRKD.

What is the main difference between BRKD and OMAH?

BRKD is categorized as Inverse Equities, while OMAH is Derivative Income. They also come from different issuers: Direxion and VistaShares. Their fees differ too: 1.00% for BRKD and 0.95% for OMAH.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (2.03 vs -0.11), 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.