GAAVX vs. BRK-B
Compare and contrast key facts about GMO Alternative Allocation Fund (GAAVX) and Berkshire Hathaway Inc. (BRK-B).
GAAVX is managed by GMO. It was launched on May 1, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAAVX or BRK-B.
Correlation
The correlation between GAAVX and BRK-B is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GAAVX vs. BRK-B - Performance Comparison
Key characteristics
GAAVX:
-1.00
BRK-B:
1.64
GAAVX:
-1.23
BRK-B:
2.33
GAAVX:
0.83
BRK-B:
1.30
GAAVX:
-0.69
BRK-B:
2.85
GAAVX:
-2.08
BRK-B:
6.93
GAAVX:
2.75%
BRK-B:
3.44%
GAAVX:
5.72%
BRK-B:
14.60%
GAAVX:
-13.11%
BRK-B:
-53.86%
GAAVX:
-7.64%
BRK-B:
-6.84%
Returns By Period
In the year-to-date period, GAAVX achieves a 0.06% return, which is significantly higher than BRK-B's -0.72% return.
GAAVX
0.06%
-1.75%
-5.85%
-5.71%
-1.05%
N/A
BRK-B
-0.72%
-1.72%
2.54%
23.76%
14.46%
11.71%
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Risk-Adjusted Performance
GAAVX vs. BRK-B — Risk-Adjusted Performance Rank
GAAVX
BRK-B
GAAVX vs. BRK-B - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Alternative Allocation Fund (GAAVX) 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.
Dividends
GAAVX vs. BRK-B - Dividend Comparison
GAAVX's dividend yield for the trailing twelve months is around 0.56%, while BRK-B has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 0.56% | 0.56% | 5.18% | 0.00% | 0.62% | 2.41% | 0.30% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GAAVX vs. BRK-B - Drawdown Comparison
The maximum GAAVX drawdown since its inception was -13.11%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for GAAVX and BRK-B. For additional features, visit the drawdowns tool.
Volatility
GAAVX vs. BRK-B - Volatility Comparison
The current volatility for GMO Alternative Allocation Fund (GAAVX) is 2.95%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.96%. This indicates that GAAVX 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.