BUSA vs. BRK-B

Last updated Jun 5, 2026

BUSA (Brandes U.S. Value ETF) is Large Cap Value Equities fund actively managed by Brandes, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past year, BUSA returned 24.37% vs -2.52% for BRK-B. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

BUSA vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes U.S. Value ETF (BUSA) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUSA achieves a 8.42% return, which is significantly higher than BRK-B's -4.78% return.

BUSA

• 1D: 1.39%
• 1M: 2.61%
• YTD: 8.42%
• 6M: 10.80%
• 1Y: 24.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 0.69%
• 1M: 2.82%
• YTD: -4.78%
• 6M: -4.89%
• 1Y: -2.52%
• 3Y*: 13.36%
• 5Y*: 10.35%
• 10Y*: 12.93%

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

BUSA vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUSA Brandes U.S. Value ETF	8.42%	17.56%	15.76%	10.65%
BRK-B Berkshire Hathaway Inc.	-4.78%	10.89%	27.09%	3.36%

Correlation

The correlation between BUSA and BRK-B is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.58

The correlation between BUSA and BRK-B shifts across timeframes, from 0.42 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BUSA vs. BRK-B — Risk / Return Rank

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

BUSA

BUSA Risk / Return Rank: 63
BUSA Sharpe Ratio Rank: 62
BUSA Sortino Ratio Rank: 64
BUSA Omega Ratio Rank: 61
BUSA Calmar Ratio Rank: 66
BUSA Martin Ratio Rank: 62

BRK-B

BRK-B Risk / Return Rank: 31
BRK-B Sharpe Ratio Rank: 34
BRK-B Sortino Ratio Rank: 28
BRK-B Omega Ratio Rank: 27
BRK-B Calmar Ratio Rank: 33
BRK-B Martin Ratio Rank: 32

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.

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

This table presents a comparison of risk-adjusted performance metrics for Brandes U.S. Value ETF (BUSA) 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.

	BUSA	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.06	-0.18	+2.24
Sortino ratio: Return per unit of downside risk	2.93	-0.15	+3.08
Omega ratio: Gain probability vs. loss probability	1.36	0.98	+0.38
Calmar ratio: Return relative to maximum drawdown	3.22	-0.27	+3.49
Martin ratio: Return relative to average drawdown	10.94	-0.57	+11.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUSA vs. BRK-B - Sharpe Ratio Comparison

The current BUSA Sharpe Ratio is 2.06, which is higher than the BRK-B Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of BUSA and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUSA	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	-0.18	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.48	+1.01

Drawdowns

BUSA vs. BRK-B - Drawdown Comparison

The maximum BUSA drawdown since its inception was -14.19%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BUSA and BRK-B.

Drawdown Indicators

	BUSA	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-53.86%	+39.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	-9.42%	+1.81%
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 Drawdown Current decline from peak	0.00%	-11.33%	+11.33%
Average Drawdown Average peak-to-trough decline	-2.15%	-11.07%	+8.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	4.46%	-2.23%

Volatility

BUSA vs. BRK-B - Volatility Comparison

The current volatility for Brandes U.S. Value ETF (BUSA) is 2.79%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.72%. This indicates that BUSA 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

	BUSA	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.72%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	10.70%	-2.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	14.32%	-2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	17.11%	-3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	19.43%	-5.77%

Dividends

BUSA vs. BRK-B - Dividend Comparison

BUSA's dividend yield for the trailing twelve months is around 1.46%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%
BUSA Brandes U.S. Value ETF	1.46%	1.53%	1.37%	0.22%

Frequently Asked Questions

Can I hold both BUSA and BRK-B in my portfolio?

BUSA and BRK-B have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUSA or BRK-B?

BRK-B has higher volatility (3.72%) compared to BUSA (2.79%). In terms of maximum drawdown, BUSA dropped -14.19% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BUSA currently has the higher Sharpe Ratio (2.06 vs -0.18), 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.