FXF vs. BRK-B

Last updated Jun 9, 2026

FXF (Invesco CurrencyShares® Swiss Franc Trust) is Currency fund tracking the Swiss Franc, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FXF returned 1.04%/yr vs 13.14%/yr for BRK-B. At a 0.02 correlation, their price movements are largely independent.

Performance

FXF vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares® Swiss Franc Trust (FXF) 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, FXF achieves a -0.97% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, FXF has underperformed BRK-B with an annualized return of 1.04%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

FXF

• 1D: -0.26%
• 1M: -2.70%
• YTD: -0.97%
• 6M: 0.83%
• 1Y: 2.42%
• 3Y*: 3.92%
• 5Y*: 1.79%
• 10Y*: 1.04%

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)

FXF vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXF Invesco CurrencyShares® Swiss Franc Trust	-0.97%	14.04%	-7.46%	9.63%	-2.29%	-4.08%	8.18%	0.32%	-2.01%	3.31%
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 FXF and BRK-B is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006	0.02

The correlation between FXF and BRK-B shifts across timeframes, from 0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FXF vs. BRK-B — Risk / Return Rank

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

FXF

FXF Risk / Return Rank: 14
FXF Sharpe Ratio Rank: 15
FXF Sortino Ratio Rank: 14
FXF Omega Ratio Rank: 13
FXF Calmar Ratio Rank: 16
FXF Martin Ratio Rank: 15

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) 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.

	FXF	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.33	-0.09	+0.42
Sortino ratio: Return per unit of downside risk	0.55	-0.03	+0.58
Omega ratio: Gain probability vs. loss probability	1.06	1.00	+0.06
Calmar ratio: Return relative to maximum drawdown	0.50	-0.14	+0.64
Martin ratio: Return relative to average drawdown	1.10	-0.30	+1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXF vs. BRK-B - Sharpe Ratio Comparison

The current FXF Sharpe Ratio is 0.33, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FXF 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

	FXF	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	-0.09	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.65	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.68	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.48	-0.31

Drawdowns

FXF vs. BRK-B - Drawdown Comparison

The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FXF and BRK-B.

Drawdown Indicators

	FXF	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-35.58%	-53.86%	+18.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.82%	-9.42%	+4.60%
Max Drawdown (3Y) Largest decline over 3 years	-8.52%	-14.95%	+6.43%
Max Drawdown (5Y) Largest decline over 5 years	-13.03%	-26.58%	+13.55%
Max Drawdown (10Y) Largest decline over 10 years	-15.04%	-29.57%	+14.53%
Current Drawdown Current decline from peak	-19.16%	-9.78%	-9.38%
Average Drawdown Average peak-to-trough decline	-20.84%	-11.07%	-9.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	4.49%	-2.29%

Volatility

FXF vs. BRK-B - Volatility Comparison

The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 1.78%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that FXF 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

	FXF	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	3.98%	-2.20%
Volatility (6M) Calculated over the trailing 6-month period	5.59%	10.87%	-5.28%
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	14.38%	-6.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	17.13%	-8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.57%	19.44%	-11.87%

Dividends

FXF vs. BRK-B - Dividend Comparison

Neither FXF nor BRK-B has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%
FXF Invesco CurrencyShares® Swiss Franc Trust	0.00%	0.00%	0.03%	0.02%

Frequently Asked Questions

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

FXF and BRK-B have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXF or BRK-B?

BRK-B has higher volatility (3.98%) compared to FXF (1.78%). In terms of maximum drawdown, FXF dropped -35.58% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FXF currently has the higher Sharpe Ratio (0.33 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.