DBEF vs. BRK-B

Last updated Jul 22, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) is Foreign Large Cap Equities 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 12.22%/yr vs 12.97%/yr for BRK-B. A 0.55 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 13.76% return, which is significantly higher than BRK-B's -2.59% return. Over the past 10 years, DBEF has underperformed BRK-B with an annualized return of 12.22%, while BRK-B has yielded a comparatively higher 12.97% annualized return.

DBEF

• 1D: 1.24%
• 1M: 0.05%
• 6M: 10.88%
• YTD: 13.76%
• 1Y: 27.46%
• 3Y*: 18.38%
• 5Y*: 13.77%
• 10Y*: 12.22%
• ALL TIME*: 10.36%

BRK-B

• 1D: -0.33%
• 1M: 0.04%
• 6M: 0.88%
• YTD: -2.59%
• 1Y: 3.21%
• 3Y*: 12.30%
• 5Y*: 12.01%
• 10Y*: 12.97%
• ALL TIME*: 10.56%

*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	13.76%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%
BRK-B Berkshire Hathaway Inc.	-2.59%	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 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.46
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	0.55

Over the past year, the correlation between DBEF and BRK-B has dropped to 0.10 - well below their long-term average of 0.55, 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: 84
DBEF Sharpe Ratio Rank: 86
DBEF Sortino Ratio Rank: 85
DBEF Omega Ratio Rank: 85
DBEF Calmar Ratio Rank: 77
DBEF Martin Ratio Rank: 84

BRK-B

BRK-B Risk / Return Rank: 50
BRK-B Sharpe Ratio Rank: 54
BRK-B Sortino Ratio Rank: 45
BRK-B Omega Ratio Rank: 44
BRK-B Calmar Ratio Rank: 55
BRK-B Martin Ratio Rank: 54

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.

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.

	DBEF	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.11	0.22	+1.89
Sortino ratio: Return per unit of downside risk	2.94	0.41	+2.54
Omega ratio: Gain probability vs. loss probability	1.39	1.05	+0.34
Calmar ratio: Return relative to maximum drawdown	2.93	0.34	+2.59
Martin ratio: Return relative to average drawdown	12.22	0.71	+11.50

DBEF vs. BRK-B - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 2.11, which is higher than the BRK-B Sharpe Ratio of 0.22. 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.

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	-1.17%	-9.29%	+8.12%
Average Drawdown Average peak-to-trough decline	-4.70%	-11.06%	+6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	4.51%	-2.26%

Volatility

DBEF vs. BRK-B - Volatility Comparison

The current volatility for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is 3.65%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.42%. 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	3.65%	4.42%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	11.07%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	14.54%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	17.08%	-3.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	19.40%	-3.82%

Dividends

DBEF vs. BRK-B - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 2.29%, 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	2.29%	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 0.10, 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 (4.42%) compared to DBEF (3.65%). 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 (2.11 vs 0.22), 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.