DAX vs. BRK-B
DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, DAX returned 9.57%/yr vs 13.22%/yr for BRK-B. At a 0.48 correlation, their price movements are largely independent.
Performance
DAX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, DAX achieves a -1.45% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, DAX has underperformed BRK-B with an annualized return of 9.57%, while BRK-B has yielded a comparatively higher 13.22% annualized return.
DAX
- 1D
- 0.26%
- 1M
- 0.31%
- YTD
- -1.45%
- 6M
- -0.46%
- 1Y
- 4.51%
- 3Y*
- 16.82%
- 5Y*
- 7.62%
- 10Y*
- 9.57%
BRK-B
- 1D
- 0.71%
- 1M
- 1.36%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- 0.35%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
DAX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -1.45% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between DAX and BRK-B is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.48 |
Over the past year, the correlation between DAX and BRK-B has dropped to 0.13 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
DAX vs. BRK-B — Risk / Return Rank
DAX
BRK-B
DAX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) 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.
| DAX | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.01 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.02 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.05 | +0.63 |
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Drawdowns
DAX vs. BRK-B - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DAX and BRK-B.
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Drawdown Indicators
| DAX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -53.86% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -9.42% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -14.95% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -26.58% | -13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -29.57% | -16.01% |
Current DrawdownCurrent decline from peak | -5.39% | -9.36% | +3.97% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -11.07% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 4.53% | +0.24% |
Volatility
DAX vs. BRK-B - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 5.86% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that DAX'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
| DAX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.95% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 10.78% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 14.38% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 17.12% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 19.44% | +1.81% |
Dividends
DAX vs. BRK-B - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.50%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 1.50% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Frequently Asked Questions
DAX and BRK-B have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAX has higher volatility (5.86%) compared to BRK-B (3.95%). In terms of maximum drawdown, DAX dropped -45.58% vs BRK-B's -53.86%.
DAX currently has the higher Sharpe Ratio (0.15 vs -0.02), 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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