GMOIX vs. BRK-B
GMOIX (GMO International Equity Fund) is Foreign Large Cap Equities fund managed by GMO, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, GMOIX returned 12.19%/yr vs 12.93%/yr for BRK-B. At a 0.42 correlation, their price movements are largely independent.
Performance
GMOIX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, GMOIX achieves a 19.49% return, which is significantly higher than BRK-B's -4.78% return. Over the past 10 years, GMOIX has underperformed BRK-B with an annualized return of 12.19%, while BRK-B has yielded a comparatively higher 12.93% annualized return.
GMOIX
- 1D
- -0.39%
- 1M
- 4.82%
- YTD
- 19.49%
- 6M
- 21.78%
- 1Y
- 42.69%
- 3Y*
- 28.96%
- 5Y*
- 14.64%
- 10Y*
- 12.19%
BRK-B
- 1D
- 0.69%
- 1M
- 2.82%
- YTD
- -4.78%
- 6M
- -4.89%
- 1Y
- -2.52%
- 3Y*
- 13.36%
- 5Y*
- 10.35%
- 10Y*
- 12.93%
GMOIX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMOIX GMO International Equity Fund | 19.49% | 43.94% | 11.54% | 20.51% | -10.38% | 12.11% | 7.47% | 24.56% | -20.55% | 25.73% |
BRK-B Berkshire Hathaway Inc. | -4.78% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between GMOIX and BRK-B is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 10, 1996 | 0.42 |
Over the past year, the correlation between GMOIX and BRK-B has dropped to 0.18 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
GMOIX vs. BRK-B — Risk / Return Rank
GMOIX
BRK-B
GMOIX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO International Equity Fund (GMOIX) 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.
| GMOIX | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.98 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | -0.27 | +3.99 |
| Martin ratioReturn relative to average drawdown | 14.79 | -0.57 | +15.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMOIX | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | -0.18 | +2.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.61 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.67 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.48 | -0.13 |
Drawdowns
GMOIX vs. BRK-B - Drawdown Comparison
The maximum GMOIX drawdown since its inception was -59.00%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for GMOIX and BRK-B.
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Drawdown Indicators
| GMOIX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.00% | -53.86% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -9.42% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -14.95% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -26.58% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -29.57% | -10.57% |
Current DrawdownCurrent decline from peak | -0.39% | -11.33% | +10.94% |
Average DrawdownAverage peak-to-trough decline | -12.91% | -11.07% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 4.46% | -1.53% |
Volatility
GMOIX vs. BRK-B - Volatility Comparison
GMO International Equity Fund (GMOIX) has a higher volatility of 5.22% compared to Berkshire Hathaway Inc. (BRK-B) at 3.72%. This indicates that GMOIX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMOIX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.72% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 10.70% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 14.32% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 17.11% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 19.43% | -2.55% |
Dividends
GMOIX vs. BRK-B - Dividend Comparison
GMOIX's dividend yield for the trailing twelve months is around 4.70%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GMOIX GMO International Equity Fund | 4.70% | 5.62% | 2.77% | 7.54% | 4.32% | 6.40% | 4.56% | 3.49% | 3.74% | 3.11% | 4.00% | 3.26% |
Frequently Asked Questions
GMOIX and BRK-B have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMOIX has higher volatility (5.22%) compared to BRK-B (3.72%). In terms of maximum drawdown, GMOIX dropped -59.00% vs BRK-B's -53.86%.
GMOIX currently has the higher Sharpe Ratio (2.60 vs -0.18), 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.
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