DBEF vs. BRK-B

Last updated Jun 9, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) is Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, DBEF returned 12.28%/yr vs 13.14%/yr for BRK-B. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

DBEF vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) 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, DBEF achieves a 9.52% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, DBEF has underperformed BRK-B with an annualized return of 12.28%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

DBEF

• 1D: 0.82%
• 1M: 1.44%
• YTD: 9.52%
• 6M: 11.55%
• 1Y: 22.84%
• 3Y*: 17.58%
• 5Y*: 12.96%
• 10Y*: 12.28%

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%

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

DBEF vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	9.52%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between DBEF and BRK-B is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011	0.56

Over the past year, the correlation between DBEF and BRK-B has dropped to 0.17 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

DBEF vs. BRK-B — Risk / Return Rank

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

DBEF

DBEF Risk / Return Rank: 60
DBEF Sharpe Ratio Rank: 60
DBEF Sortino Ratio Rank: 61
DBEF Omega Ratio Rank: 61
DBEF Calmar Ratio Rank: 54
DBEF Martin Ratio Rank: 62

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) 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.

	DBEF	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.83	-0.09	+1.92
Sortino ratio: Return per unit of downside risk	2.56	-0.03	+2.59
Omega ratio: Gain probability vs. loss probability	1.34	1.00	+0.34
Calmar ratio: Return relative to maximum drawdown	2.44	-0.14	+2.58
Martin ratio: Return relative to average drawdown	10.24	-0.30	+10.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEF vs. BRK-B - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.83, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of DBEF 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

	DBEF	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	-0.09	+1.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.65	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.68	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.48	+0.06

Drawdowns

DBEF vs. BRK-B - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DBEF and BRK-B.

Drawdown Indicators

	DBEF	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-53.86%	+21.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-9.42%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-14.95%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-26.58%	+11.63%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	-29.57%	-2.89%
Current Drawdown Current decline from peak	-1.26%	-9.78%	+8.52%
Average Drawdown Average peak-to-trough decline	-4.73%	-11.07%	+6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	4.49%	-2.25%

Volatility

DBEF vs. BRK-B - Volatility Comparison

The current volatility for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is 3.60%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that DBEF 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

	DBEF	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.98%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	10.87%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	14.38%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	17.13%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	19.44%	-3.63%

Dividends

DBEF vs. BRK-B - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 5.07%, 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%
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.07%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%

Frequently Asked Questions

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

DBEF and BRK-B have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEF or BRK-B?

BRK-B has higher volatility (3.98%) compared to DBEF (3.60%). In terms of maximum drawdown, DBEF dropped -32.46% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.83 vs -0.09), 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.