FEZ vs. BRK-B

Last updated Jun 9, 2026

FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FEZ returned 10.66%/yr vs 13.14%/yr for BRK-B. At a 0.48 correlation, their price movements are largely independent.

Performance

FEZ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR EURO STOXX 50 ETF (FEZ) 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, FEZ achieves a 4.68% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, FEZ has underperformed BRK-B with an annualized return of 10.66%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

FEZ

• 1D: 0.63%
• 1M: 0.33%
• YTD: 4.68%
• 6M: 6.49%
• 1Y: 15.20%
• 3Y*: 17.76%
• 5Y*: 9.78%
• 10Y*: 10.66%

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)

FEZ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEZ SPDR EURO STOXX 50 ETF	4.68%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%
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 FEZ and BRK-B is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 22, 2002	0.48

Over the past year, the correlation between FEZ and BRK-B has dropped to 0.11 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

FEZ vs. BRK-B — Risk / Return Rank

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

FEZ

FEZ Risk / Return Rank: 26
FEZ Sharpe Ratio Rank: 26
FEZ Sortino Ratio Rank: 25
FEZ Omega Ratio Rank: 25
FEZ Calmar Ratio Rank: 26
FEZ Martin Ratio Rank: 29

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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX 50 ETF (FEZ) 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.

	FEZ	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.09	+0.94
Sortino ratio: Return per unit of downside risk	1.29	-0.03	+1.32
Omega ratio: Gain probability vs. loss probability	1.16	1.00	+0.16
Calmar ratio: Return relative to maximum drawdown	1.12	-0.14	+1.26
Martin ratio: Return relative to average drawdown	3.81	-0.30	+4.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEZ vs. BRK-B - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.84, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FEZ 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

	FEZ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	-0.09	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.65	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.48	-0.18

Drawdowns

FEZ vs. BRK-B - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FEZ and BRK-B.

Drawdown Indicators

	FEZ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-53.86%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-9.42%	-4.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	-14.95%	-0.90%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-26.58%	-8.47%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-29.57%	-10.12%
Current Drawdown Current decline from peak	-2.79%	-9.78%	+6.99%
Average Drawdown Average peak-to-trough decline	-17.07%	-11.07%	-6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	4.49%	-0.49%

Volatility

FEZ vs. BRK-B - Volatility Comparison

SPDR EURO STOXX 50 ETF (FEZ) has a higher volatility of 5.64% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that FEZ'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

	FEZ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	3.98%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	10.87%	+4.19%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	14.38%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	17.13%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	19.44%	+1.68%

Dividends

FEZ vs. BRK-B - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.58%, 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%
FEZ SPDR EURO STOXX 50 ETF	2.58%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%

Frequently Asked Questions

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

FEZ and BRK-B have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEZ or BRK-B?

FEZ has higher volatility (5.64%) compared to BRK-B (3.98%). In terms of maximum drawdown, FEZ dropped -64.21% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FEZ currently has the higher Sharpe Ratio (0.84 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.