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 -39.40% vs -1.32% for BRK-B. At a 0.05 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 -27.65% return, which is significantly lower than BRK-B's -3.11% return.
BTCO
- 1D
- 5.10%
- 1M
- -20.91%
- YTD
- -27.65%
- 6M
- -30.32%
- 1Y
- -39.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
BTCO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -27.65% | -6.58% | 100.54% |
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 24.75% |
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 12, 2024 | 0.05 |
The correlation between BTCO and BRK-B shifts across timeframes, from -0.16 (1 year) to 0.05 (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.
| BTCO | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.00 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.14 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.30 | -1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCO | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.09 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.48 | -0.21 |
Drawdowns
BTCO vs. BRK-B - Drawdown Comparison
The maximum BTCO drawdown since its inception was -52.05%, 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 | -52.05% | -53.86% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -52.05% | -9.42% | -42.63% |
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 | -49.60% | -9.78% | -39.82% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -11.07% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.93% | 4.49% | +24.44% |
Volatility
BTCO vs. BRK-B - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 11.78% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. 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 | 11.78% | 3.98% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 34.52% | 10.87% | +23.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 14.38% | +29.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 17.13% | +32.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.90% | 19.44% | +30.46% |
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 (11.78%) compared to BRK-B (3.98%). In terms of maximum drawdown, BTCO dropped -52.05% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (-0.09 vs -0.90), 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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