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:
-0.32
BRK-B:
1.25
GAAVX:
-0.39
BRK-B:
1.85
GAAVX:
0.95
BRK-B:
1.23
GAAVX:
-0.30
BRK-B:
2.23
GAAVX:
-0.69
BRK-B:
5.25
GAAVX:
2.94%
BRK-B:
3.56%
GAAVX:
6.36%
BRK-B:
14.93%
GAAVX:
-13.11%
BRK-B:
-53.86%
GAAVX:
-4.20%
BRK-B:
-0.41%
Returns By Period
In the year-to-date period, GAAVX achieves a 1.44% return, which is significantly lower than BRK-B's 6.29% return.
GAAVX
1.44%
1.44%
-1.54%
-1.88%
-0.17%
N/A
BRK-B
6.29%
2.82%
7.30%
17.73%
16.06%
12.61%
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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 2.84%, while BRK-B has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
GAAVX GMO Alternative Allocation Fund | 2.84% | 2.88% | 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 1.73%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.62%. 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.