GAAVX vs. BRK-B

Last updated Apr 2, 2026

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.

Performance

GAAVX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Alternative Allocation Fund (GAAVX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

GAAVX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GAAVX GMO Alternative Allocation Fund	3.33%	15.19%	-5.70%	6.07%	3.63%	-5.12%	-0.28%	3.49%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	8.60%

Returns By Period

In the year-to-date period, GAAVX achieves a 3.33% return, which is significantly higher than BRK-B's -4.80% return.

GAAVX

• 1D: 0.00%
• 1M: -0.37%
• YTD: 3.33%
• 6M: 10.87%
• 1Y: 13.78%
• 3Y*: 5.94%
• 5Y*: 3.63%
• 10Y*: —

BRK-B

• 1D: -0.15%
• 1M: -0.35%
• YTD: -4.80%
• 6M: -3.95%
• 1Y: -10.22%
• 3Y*: 15.72%
• 5Y*: 13.13%
• 10Y*: 12.78%

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

Return for Risk

GAAVX vs. BRK-B — Risk / Return Rank

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

GAAVX

GAAVX Risk / Return Rank: 90
GAAVX Sharpe Ratio Rank: 90
GAAVX Sortino Ratio Rank: 94
GAAVX Omega Ratio Rank: 86
GAAVX Calmar Ratio Rank: 96
GAAVX Martin Ratio Rank: 83

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 16
BRK-B Sortino Ratio Rank: 16
BRK-B Omega Ratio Rank: 16
BRK-B Calmar Ratio Rank: 17
BRK-B Martin Ratio Rank: 19

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.

GAAVX vs. BRK-B - Risk-Adjusted Trends 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.

	GAAVX	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.95	-0.56	+2.51
Sortino ratio Return per unit of downside risk	3.08	-0.65	+3.73
Omega ratio Gain probability vs. loss probability	1.38	0.91	+0.46
Calmar ratio Return relative to maximum drawdown	3.79	-0.68	+4.47
Martin ratio Return relative to average drawdown	9.05	-1.16	+10.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAAVX vs. BRK-B - Sharpe Ratio Comparison

The current GAAVX Sharpe Ratio is 1.95, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of GAAVX and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GAAVX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	-0.56	+2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.77	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.48	-0.01

Correlation

The correlation between GAAVX and BRK-B is 0.38, 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.

Dividends

GAAVX vs. BRK-B - Dividend Comparison

GAAVX's dividend yield for the trailing twelve months is around 8.49%, while BRK-B has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
GAAVX GMO Alternative Allocation Fund	8.49%	8.78%	0.00%	5.18%	0.91%	4.10%	2.41%	2.61%
BRK-B Berkshire Hathaway Inc.	0.00%	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 -9.59%, 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.

Drawdown Indicators

	GAAVX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-9.59%	-53.86%	+44.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-14.95%	+11.86%
Max Drawdown (5Y) Largest decline over 5 years	-9.59%	-26.58%	+16.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-1.20%	-11.36%	+10.16%
Average Drawdown Average peak-to-trough decline	-3.11%	-11.07%	+7.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	8.72%	-7.18%

Volatility

GAAVX vs. BRK-B - Volatility Comparison

The current volatility for GMO Alternative Allocation Fund (GAAVX) is 1.85%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.33%. 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.

Volatility by Period

	GAAVX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	4.33%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	4.81%	11.14%	-6.33%
Volatility (1Y) Calculated over the trailing 1-year period	6.82%	18.30%	-11.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	17.20%	-11.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	19.45%	-13.58%