KSA vs. BRK-B
KSA (iShares MSCI Saudi Arabia ETF) is Emerging Markets Equities fund tracking the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, KSA returned 7.27%/yr vs 13.03%/yr for BRK-B. At a 0.28 correlation, their price movements are largely independent.
Performance
KSA vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, KSA achieves a 3.48% return, which is significantly higher than BRK-B's -1.15% return. Over the past 10 years, KSA has underperformed BRK-B with an annualized return of 7.27%, while BRK-B has yielded a comparatively higher 13.03% annualized return.
KSA
- 1D
- -0.38%
- 1M
- -4.32%
- 6M
- -0.38%
- YTD
- 3.48%
- 1Y
- -1.95%
- 3Y*
- -1.39%
- 5Y*
- 1.62%
- 10Y*
- 7.27%
BRK-B
- 1D
- 0.64%
- 1M
- 1.55%
- 6M
- -0.36%
- YTD
- -1.15%
- 1Y
- 4.41%
- 3Y*
- 13.36%
- 5Y*
- 12.29%
- 10Y*
- 13.03%
KSA vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 3.48% | -8.20% | -0.19% | 15.05% | -6.06% | 33.62% | 2.65% | 9.30% | 13.07% | 6.14% |
BRK-B Berkshire Hathaway Inc. | -1.15% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between KSA 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2015 | 0.28 |
Over the past year, the correlation between KSA and BRK-B has dropped to 0.05 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
KSA vs. BRK-B — Risk / Return Rank
KSA
BRK-B
KSA vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KSA | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.47 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.37 | 0.99 | -1.36 |
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Drawdowns
KSA vs. BRK-B - Drawdown Comparison
The maximum KSA drawdown since its inception was -40.56%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for KSA and BRK-B.
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Drawdown Indicators
| KSA | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -53.86% | +13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -9.42% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -14.95% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -26.58% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.56% | -29.57% | -10.99% |
Current DrawdownCurrent decline from peak | -17.87% | -7.96% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -11.06% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 4.45% | +0.95% |
Volatility
KSA vs. BRK-B - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 3.20%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.39%. This indicates that KSA 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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Volatility by Period
| KSA | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 4.39% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 10.97% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.43% | 14.54% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 17.11% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 19.40% | +0.59% |
Dividends
KSA vs. BRK-B - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.78%, 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% |
KSA iShares MSCI Saudi Arabia ETF | 2.78% | 2.95% | 3.44% | 2.44% | 1.93% | 1.58% | 1.76% | 2.15% | 2.51% | 2.30% | 3.05% | 0.04% |
Frequently Asked Questions
KSA 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.
BRK-B has higher volatility (4.39%) compared to KSA (3.20%). In terms of maximum drawdown, KSA dropped -40.56% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.31 vs -0.12), 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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