BTF vs. BRK-B

Last updated Apr 3, 2026

Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Berkshire Hathaway Inc. (BRK-B).

BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021.

Performance

BTF vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Valkyrie Bitcoin and Ether Strategy ETF (BTF) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

BTF vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BTF Valkyrie Bitcoin and Ether Strategy ETF	-27.37%	-63.94%	67.60%	136.86%	-63.05%	-26.38%
BRK-B Berkshire Hathaway Inc.	-5.03%	10.89%	27.09%	15.46%	3.31%	3.37%

Returns By Period

In the year-to-date period, BTF achieves a -27.37% return, which is significantly lower than BRK-B's -5.03% return.

BTF

• 1D: -2.64%
• 1M: 1.03%
• YTD: -27.37%
• 6M: -79.62%
• 1Y: -63.36%
• 3Y*: -14.54%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: -0.24%
• 1M: -0.83%
• YTD: -5.03%
• 6M: -3.74%
• 1Y: -11.23%
• 3Y*: 15.44%
• 5Y*: 13.08%
• 10Y*: 12.79%

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

Return for Risk

BTF vs. BRK-B — Risk / Return Rank

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

BTF

BTF Risk / Return Rank: 2
BTF Sharpe Ratio Rank: 2
BTF Sortino Ratio Rank: 3
BTF Omega Ratio Rank: 2
BTF Calmar Ratio Rank: 1
BTF Martin Ratio Rank: 1

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.

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

This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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.

	BTF	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	-0.76	-0.62	-0.14
Sortino ratio Return per unit of downside risk	-0.71	-0.73	+0.01
Omega ratio Gain probability vs. loss probability	0.88	0.90	-0.03
Calmar ratio Return relative to maximum drawdown	-0.77	-0.70	-0.07
Martin ratio Return relative to average drawdown	-1.46	-1.19	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTF vs. BRK-B - Sharpe Ratio Comparison

The current BTF Sharpe Ratio is -0.76, which is comparable to the BRK-B Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of BTF 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

	BTF	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	-0.62	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	0.48	-0.86

Correlation

The correlation between BTF and BRK-B is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BTF vs. BRK-B - Dividend Comparison

BTF's dividend yield for the trailing twelve months is around 3.23%, while BRK-B has not paid dividends to shareholders.

	TTM	2025	2024	2023
BTF Valkyrie Bitcoin and Ether Strategy ETF	3.23%	3.07%	52.96%	15.98%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%

Drawdowns

BTF vs. BRK-B - Drawdown Comparison

The maximum BTF drawdown since its inception was -81.78%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BTF and BRK-B.

Drawdown Indicators

	BTF	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-81.78%	-53.86%	-27.92%
Max Drawdown (1Y) Largest decline over 1 year	-81.78%	-14.95%	-66.83%
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	-80.44%	-11.57%	-68.87%
Average Drawdown Average peak-to-trough decline	-41.50%	-11.07%	-30.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.22%	8.75%	+34.47%

Volatility

BTF vs. BRK-B - Volatility Comparison

Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a higher volatility of 13.85% compared to Berkshire Hathaway Inc. (BRK-B) at 4.12%. This indicates that BTF'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.

Volatility by Period

	BTF	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.85%	4.12%	+9.73%
Volatility (6M) Calculated over the trailing 6-month period	101.49%	11.11%	+90.38%
Volatility (1Y) Calculated over the trailing 1-year period	83.94%	18.30%	+65.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.65%	17.20%	+48.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.65%	19.44%	+46.21%