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GAAVX vs. BRK-B
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GAAVX and BRK-B is 0.30, 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.

GAAVX vs. BRK-B

Last updated Jun 3, 2025

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.

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.

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Key characteristics

Sharpe Ratio

GAAVX:

-0.10

BRK-B:

1.09

Sortino Ratio

GAAVX:

-0.01

BRK-B:

1.75

Omega Ratio

GAAVX:

1.00

BRK-B:

1.25

Calmar Ratio

GAAVX:

-0.06

BRK-B:

2.77

Martin Ratio

GAAVX:

-0.11

BRK-B:

6.52

Ulcer Index

GAAVX:

3.24%

BRK-B:

3.75%

Daily Std Dev

GAAVX:

7.74%

BRK-B:

19.73%

Max Drawdown

GAAVX:

-9.59%

BRK-B:

-53.86%

Current Drawdown

GAAVX:

-3.80%

BRK-B:

-6.85%

Returns By Period

In the year-to-date period, GAAVX achieves a 2.13% return, which is significantly lower than BRK-B's 10.93% return.

GAAVX

YTD

2.13%

1M

-0.06%

6M

3.27%

1Y

-0.74%

3Y*

2.48%

5Y*

1.59%

10Y*

N/A

BRK-B

YTD

10.93%

1M

-6.85%

6M

5.34%

1Y

21.33%

3Y*

17.38%

5Y*

21.38%

10Y*

13.58%

*Annualized

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GMO Alternative Allocation Fund

Berkshire Hathaway Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

GAAVX vs. BRK-B — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GAAVX
The Risk-Adjusted Performance Rank of GAAVX is 77
Overall Rank
The Sharpe Ratio Rank of GAAVX is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of GAAVX is 66
Sortino Ratio Rank
The Omega Ratio Rank of GAAVX is 66
Omega Ratio Rank
The Calmar Ratio Rank of GAAVX is 77
Calmar Ratio Rank
The Martin Ratio Rank of GAAVX is 88
Martin Ratio Rank
BRK-B
The Risk-Adjusted Performance Rank of BRK-B is 8787
Overall Rank
The Sharpe Ratio Rank of BRK-B is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of BRK-B is 8181
Sortino Ratio Rank
The Omega Ratio Rank of BRK-B is 8282
Omega Ratio Rank
The Calmar Ratio Rank of BRK-B is 9696
Calmar Ratio Rank
The Martin Ratio Rank of BRK-B is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current GAAVX Sharpe Ratio is -0.10, which is lower than the BRK-B Sharpe Ratio of 1.09. 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

GAAVX vs. BRK-B - Dividend Comparison

GAAVX's dividend yield for the trailing twelve months is around 3.28%, while BRK-B has not paid dividends to shareholders.

TTM202420232022202120202019
GAAVX
GMO Alternative Allocation Fund		3.28%3.35%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%

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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

GAAVX vs. BRK-B - Volatility Comparison

The current volatility for GMO Alternative Allocation Fund (GAAVX) is 2.17%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 6.62%. 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.

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