DBEZ vs. BRK-B

Last updated Jun 4, 2026

DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) is Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, DBEZ returned 11.73%/yr vs 12.91%/yr for BRK-B. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

DBEZ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) 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, DBEZ achieves a 9.52% return, which is significantly higher than BRK-B's -5.43% return. Over the past 10 years, DBEZ has underperformed BRK-B with an annualized return of 11.73%, while BRK-B has yielded a comparatively higher 12.91% annualized return.

DBEZ

• 1D: -0.83%
• 1M: 5.81%
• YTD: 9.52%
• 6M: 11.46%
• 1Y: 18.85%
• 3Y*: 16.73%
• 5Y*: 11.78%
• 10Y*: 11.73%

BRK-B

• 1D: 0.82%
• 1M: 1.46%
• YTD: -5.43%
• 6M: -5.61%
• 1Y: -4.51%
• 3Y*: 13.00%
• 5Y*: 10.20%
• 10Y*: 12.91%

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

DBEZ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	9.52%	26.14%	9.51%	21.78%	-10.13%	23.52%	0.36%	29.94%	-10.81%	15.62%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between DBEZ and BRK-B is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014	0.54

Over the past year, the correlation between DBEZ and BRK-B has dropped to 0.14 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

DBEZ vs. BRK-B — Risk / Return Rank

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

DBEZ

DBEZ Risk / Return Rank: 37
DBEZ Sharpe Ratio Rank: 36
DBEZ Sortino Ratio Rank: 36
DBEZ Omega Ratio Rank: 36
DBEZ Calmar Ratio Rank: 35
DBEZ Martin Ratio Rank: 42

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

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.

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

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

	DBEZ	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.30	-0.32	+1.62
Sortino ratio: Return per unit of downside risk	1.88	-0.34	+2.22
Omega ratio: Gain probability vs. loss probability	1.24	0.96	+0.28
Calmar ratio: Return relative to maximum drawdown	1.72	-0.48	+2.20
Martin ratio: Return relative to average drawdown	6.67	-1.02	+7.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEZ vs. BRK-B - Sharpe Ratio Comparison

The current DBEZ Sharpe Ratio is 1.30, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of DBEZ 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

	DBEZ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	-0.32	+1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.60	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.67	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.48	+0.12

Drawdowns

DBEZ vs. BRK-B - Drawdown Comparison

The maximum DBEZ drawdown since its inception was -38.76%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DBEZ and BRK-B.

Drawdown Indicators

	DBEZ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-53.86%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-9.42%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-14.95%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-26.58%	+3.20%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	-29.57%	-9.19%
Current Drawdown Current decline from peak	-0.83%	-11.94%	+11.11%
Average Drawdown Average peak-to-trough decline	-5.81%	-11.07%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.57%	-1.74%

Volatility

DBEZ vs. BRK-B - Volatility Comparison

Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) has a higher volatility of 5.60% compared to Berkshire Hathaway Inc. (BRK-B) at 3.75%. This indicates that DBEZ'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

	DBEZ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	3.75%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	10.68%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	14.33%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	17.11%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	19.43%	-1.07%

Dividends

DBEZ vs. BRK-B - Dividend Comparison

DBEZ's dividend yield for the trailing twelve months is around 3.84%, 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%
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	3.84%	4.20%	0.62%	1.84%	1.68%	1.64%	1.99%	2.86%	2.56%	2.11%	3.42%	4.92%

Frequently Asked Questions

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

DBEZ and BRK-B have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEZ or BRK-B?

DBEZ has higher volatility (5.60%) compared to BRK-B (3.75%). In terms of maximum drawdown, DBEZ dropped -38.76% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

DBEZ currently has the higher Sharpe Ratio (1.30 vs -0.32), 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.