EXO.AS vs. BRK-B

Last updated Jun 4, 2026

EXO.AS (Exor N.V.) and BRK-B (Berkshire Hathaway Inc.) are both stocks. EXO.AS operates in Auto Manufacturers (Consumer Cyclical), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 3 years, EXO.AS returned -6.05%/yr vs 9.64%/yr for BRK-B. At a 0.14 correlation, their price movements are largely independent.

Performance

EXO.AS vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Exor N.V. (EXO.AS) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EXO.AS achieves a -9.42% return, which is significantly lower than BRK-B's -5.24% return.

EXO.AS

• 1D: -2.69%
• 1M: -1.61%
• YTD: -9.42%
• 6M: -9.36%
• 1Y: -22.24%
• 3Y*: -6.05%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 0.00%
• 1M: 1.18%
• YTD: -5.24%
• 6M: -6.02%
• 1Y: -7.33%
• 3Y*: 9.64%
• 5Y*: 11.02%
• 10Y*: 12.56%

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

EXO.AS vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EXO.AS Exor N.V.	-9.42%	-17.71%	-1.72%	33.25%	3.30%
BRK-B Berkshire Hathaway Inc.	-4.29%	-2.27%	35.48%	12.00%	-1.85%

Correlation

The correlation between EXO.AS and BRK-B is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Aug 15, 2022	0.14

Return for Risk

EXO.AS vs. BRK-B — Risk / Return Rank

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

EXO.AS

EXO.AS Risk / Return Rank: 11
EXO.AS Sharpe Ratio Rank: 6
EXO.AS Sortino Ratio Rank: 9
EXO.AS Omega Ratio Rank: 9
EXO.AS Calmar Ratio Rank: 14
EXO.AS Martin Ratio Rank: 14

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.

EXO.AS vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Exor N.V. (EXO.AS) 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.

	EXO.AS	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	-0.93	-0.49	-0.44
Sortino ratio: Return per unit of downside risk	-1.17	-0.58	-0.59
Omega ratio: Gain probability vs. loss probability	0.85	0.93	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.67	-0.05
Martin ratio: Return relative to average drawdown	-1.19	-1.39	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXO.AS vs. BRK-B - Sharpe Ratio Comparison

The current EXO.AS Sharpe Ratio is -0.93, which is lower than the BRK-B Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of EXO.AS 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

	EXO.AS	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.93	-0.49	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.49	-0.48

Drawdowns

EXO.AS vs. BRK-B - Drawdown Comparison

The maximum EXO.AS drawdown since its inception was -39.28%, smaller than the maximum BRK-B drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for EXO.AS and BRK-B.

Drawdown Indicators

	EXO.AS	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-45.91%	+6.63%
Max Drawdown (1Y) Largest decline over 1 year	-30.69%	-11.04%	-19.65%
Max Drawdown (3Y) Largest decline over 3 years	-39.28%	-20.62%	-18.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.74%	—
Current Drawdown Current decline from peak	-37.10%	-18.33%	-18.77%
Average Drawdown Average peak-to-trough decline	-11.60%	-9.72%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.63%	5.55%	+13.08%

Volatility

EXO.AS vs. BRK-B - Volatility Comparison

Exor N.V. (EXO.AS) has a higher volatility of 6.33% compared to Berkshire Hathaway Inc. (BRK-B) at 3.64%. This indicates that EXO.AS'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

	EXO.AS	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	3.64%	+2.69%
Volatility (6M) Calculated over the trailing 6-month period	16.60%	11.18%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	23.66%	14.99%	+8.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	17.37%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	20.09%	+1.54%

Dividends

EXO.AS vs. BRK-B - Dividend Comparison

EXO.AS's dividend yield for the trailing twelve months is around 0.75%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%
EXO.AS Exor N.V.	0.75%	0.68%	0.52%	0.49%

Financials

Frequently Asked Questions

Can I hold both EXO.AS and BRK-B in my portfolio?

EXO.AS and BRK-B have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.