ELF.TO vs. BRK-B

Last updated Jun 4, 2026

ELF.TO (E-L Financial Corporation Limited) and BRK-B (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — ELF.TO in Insurance - Life, BRK-B in Insurance - Diversified. Over the past 10 years, ELF.TO returned 14.40%/yr vs 13.59%/yr for BRK-B. At a 0.08 correlation, their price movements are largely independent.

Performance

ELF.TO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in E-L Financial Corporation Limited (ELF.TO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ELF.TO is traded in CAD, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ELF.TO achieves a 10.77% return, which is significantly higher than BRK-B's -5.39% return. Over the past 10 years, ELF.TO has outperformed BRK-B with an annualized return of 14.40%, while BRK-B has yielded a comparatively lower 13.59% annualized return.

ELF.TO

• 1D: -0.94%
• 1M: -0.29%
• YTD: 10.77%
• 6M: 9.29%
• 1Y: 8.07%
• 3Y*: 34.50%
• 5Y*: 21.32%
• 10Y*: 14.40%

BRK-B

• 1D: 0.00%
• 1M: 2.23%
• YTD: -5.39%
• 6M: -7.11%
• 1Y: -4.45%
• 3Y*: 13.85%
• 5Y*: 13.07%
• 10Y*: 13.59%

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

ELF.TO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELF.TO E-L Financial Corporation Limited	10.77%	37.18%	35.10%	19.15%	2.24%	30.90%	-3.31%	12.74%	-8.60%	12.14%
BRK-B Berkshire Hathaway Inc.	-4.22%	5.81%	38.01%	12.92%	10.67%	27.79%	0.64%	5.48%	11.74%	13.88%

Correlation

The correlation between ELF.TO and BRK-B is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.08

Fundamentals

Market Cap ELF.TO : CA$6.01B BRK-B : $1.03T
EPS ELF.TO : CA$3.36 BRK-B : $33.62
PE Ratio ELF.TO : 5.03 BRK-B : 14.14
PEG Ratio ELF.TO : 0.00 BRK-B : 0.55
PS Ratio ELF.TO : 2.70 BRK-B : 2.73
PB Ratio ELF.TO : 0.69 BRK-B : 1.41
Total Revenue (TTM) ELF.TO : CA$2.22B BRK-B : $375.39B
Gross Profit (TTM) ELF.TO : CA$1.64B BRK-B : $94.36B
EBITDA (TTM) ELF.TO : CA$1.57B BRK-B : $71.92B

Return for Risk

ELF.TO vs. BRK-B — Risk / Return Rank

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

ELF.TO

ELF.TO Risk / Return Rank: 52
ELF.TO Sharpe Ratio Rank: 55
ELF.TO Sortino Ratio Rank: 48
ELF.TO Omega Ratio Rank: 46
ELF.TO Calmar Ratio Rank: 56
ELF.TO Martin Ratio Rank: 56

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.

ELF.TO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for E-L Financial Corporation Limited (ELF.TO) 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.

	ELF.TO	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.40	-0.30	+0.70
Sortino ratio: Return per unit of downside risk	0.76	-0.31	+1.07
Omega ratio: Gain probability vs. loss probability	1.09	0.96	+0.13
Calmar ratio: Return relative to maximum drawdown	0.68	-0.37	+1.06
Martin ratio: Return relative to average drawdown	1.51	-0.80	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELF.TO vs. BRK-B - Sharpe Ratio Comparison

The current ELF.TO Sharpe Ratio is 0.40, which is higher than the BRK-B Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of ELF.TO 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

	ELF.TO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	-0.30	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.18	0.82	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.74	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.83	-0.25

Drawdowns

ELF.TO vs. BRK-B - Drawdown Comparison

The maximum ELF.TO drawdown since its inception was -62.46%, which is greater than BRK-B's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for ELF.TO and BRK-B.

Drawdown Indicators

	ELF.TO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-62.46%	-22.96%	-39.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.89%	-11.97%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-17.44%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	-22.78%	+2.90%
Max Drawdown (10Y) Largest decline over 10 years	-42.84%	-22.96%	-19.88%
Current Drawdown Current decline from peak	-4.47%	-14.83%	+10.36%
Average Drawdown Average peak-to-trough decline	-16.40%	-5.29%	-11.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.21%	5.65%	+0.56%

Volatility

ELF.TO vs. BRK-B - Volatility Comparison

E-L Financial Corporation Limited (ELF.TO) has a higher volatility of 5.83% compared to Berkshire Hathaway Inc. (BRK-B) at 3.83%. This indicates that ELF.TO'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

	ELF.TO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	3.83%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	11.43%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	21.19%	15.08%	+6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.45%	16.09%	+10.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.60%	18.31%	+6.29%

Dividends

ELF.TO vs. BRK-B - Dividend Comparison

ELF.TO's dividend yield for the trailing twelve months is around 7.16%, 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%
ELF.TO E-L Financial Corporation Limited	7.16%	10.19%	5.66%	1.43%	3.91%	9.76%	3.92%	0.60%	0.68%	0.61%	0.68%	0.07%

Financials

Frequently Asked Questions

Can I hold both ELF.TO and BRK-B in my portfolio?

ELF.TO and BRK-B have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.