INCO vs. BRK-B

Last updated Jun 9, 2026

INCO (Columbia India Consumer ETF) is Asia Pacific Equities fund tracking the Indxx India Consumer Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, INCO returned 8.31%/yr vs 13.14%/yr for BRK-B. At a 0.31 correlation, their price movements are largely independent.

Performance

INCO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INCO achieves a -12.41% return, which is significantly lower than BRK-B's -3.11% return. Over the past 10 years, INCO has underperformed BRK-B with an annualized return of 8.31%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

INCO

• 1D: -0.65%
• 1M: -6.27%
• YTD: -12.41%
• 6M: -10.02%
• 1Y: -12.31%
• 3Y*: 6.45%
• 5Y*: 5.53%
• 10Y*: 8.31%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

INCO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INCO Columbia India Consumer ETF	-12.41%	0.59%	12.70%	34.63%	-7.01%	19.28%	14.55%	-4.22%	-10.81%	53.28%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between INCO and BRK-B is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 11, 2011	0.31

Over the past year, the correlation between INCO and BRK-B has dropped to 0.05 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

INCO vs. BRK-B — Risk / Return Rank

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

INCO

INCO Risk / Return Rank: 3
INCO Sharpe Ratio Rank: 3
INCO Sortino Ratio Rank: 3
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 4
INCO Martin Ratio Rank: 1

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

INCO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.

	INCO	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	-0.09	-0.64
Sortino ratio: Return per unit of downside risk	-0.99	-0.03	-0.96
Omega ratio: Gain probability vs. loss probability	0.89	1.00	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.58	-0.14	-0.44
Martin ratio: Return relative to average drawdown	-1.46	-0.30	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INCO vs. BRK-B - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.73, which is lower than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of INCO and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INCO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	-0.09	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.65	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.68	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.48	-0.06

Drawdowns

INCO vs. BRK-B - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for INCO and BRK-B.

Drawdown Indicators

	INCO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-53.86%	+6.17%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-9.42%	-11.95%
Max Drawdown (3Y) Largest decline over 3 years	-29.98%	-14.95%	-15.03%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-26.58%	-3.40%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-29.57%	-18.12%
Current Drawdown Current decline from peak	-25.40%	-9.78%	-15.62%
Average Drawdown Average peak-to-trough decline	-10.58%	-11.07%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	4.49%	+3.98%

Volatility

INCO vs. BRK-B - Volatility Comparison

Columbia India Consumer ETF (INCO) has a higher volatility of 5.50% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that INCO'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.

Volatility by Period

	INCO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	3.98%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	10.87%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	14.38%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.13%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.32%	19.44%	+0.88%

Dividends

INCO vs. BRK-B - Dividend Comparison

Neither INCO nor BRK-B has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%

Frequently Asked Questions

Can I hold both INCO and BRK-B in my portfolio?

INCO and BRK-B have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INCO or BRK-B?

INCO has higher volatility (5.50%) compared to BRK-B (3.98%). In terms of maximum drawdown, INCO dropped -47.69% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (-0.09 vs -0.73), 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.