BTCO vs. BRK-B
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past year, BTCO returned -44.68% vs 3.68% for BRK-B. At a 0.06 correlation, their price movements are largely independent.
Performance
BTCO vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -25.69% return, which is significantly lower than BRK-B's -2.27% return.
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
BRK-B
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- -0.41%
- YTD
- -2.27%
- 1Y
- 3.68%
- 3Y*
- 12.42%
- 5Y*
- 11.91%
- 10Y*
- 13.01%
- ALL TIME*
- 10.58%
BTCO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
BRK-B Berkshire Hathaway Inc. | -2.27% | 10.89% | 23.20% |
Correlation
The correlation between BTCO and BRK-B is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.06 |
The correlation between BTCO and BRK-B shifts across timeframes, from -0.16 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTCO vs. BRK-B — Risk / Return Rank
BTCO
BRK-B
BTCO vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) 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.
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.
| BTCO | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.05 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.39 | -1.23 |
| Martin ratioReturn relative to average drawdown | -1.34 | 0.82 | -2.16 |
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Drawdowns
BTCO vs. BRK-B - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BTCO and BRK-B.
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Drawdown Indicators
| BTCO | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -53.86% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -9.42% | -43.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -48.23% | -8.99% | -39.24% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -11.06% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 4.50% | +28.89% |
Volatility
BTCO vs. BRK-B - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 10.57% compared to Berkshire Hathaway Inc. (BRK-B) at 4.42%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 4.42% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 11.07% | +23.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 14.57% | +29.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 17.09% | +32.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 19.40% | +29.98% |
Dividends
BTCO vs. BRK-B - Dividend Comparison
Neither BTCO nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
BTCO and BRK-B have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (10.57%) compared to BRK-B (4.42%). In terms of maximum drawdown, BTCO dropped -53.33% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.25 vs -1.01), 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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