KSA vs. BRK-B
KSA (iShares MSCI Saudi Arabia ETF) is Emerging Markets Equities fund tracking the MSCI Saudi Arabia IMI 25/50 Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, KSA returned 7.99%/yr vs 13.57%/yr for BRK-B. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
KSA vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, KSA achieves a 3.06% return, which is significantly higher than BRK-B's 1.77% return. Over the past 10 years, KSA has underperformed BRK-B with an annualized return of 7.99%, while BRK-B has yielded a comparatively higher 13.57% annualized return.
KSA
- 1D
- 0.11%
- 1M
- -1.12%
- 6M
- -5.86%
- YTD
- 3.06%
- 1Y
- 1.77%
- 3Y*
- -0.88%
- 5Y*
- 1.13%
- 10Y*
- 7.99%
- ALL TIME*
- 6.02%
BRK-B
- 1D
- 0.36%
- 1M
- 0.74%
- 6M
- 6.45%
- YTD
- 1.77%
- 1Y
- 8.18%
- 3Y*
- 13.24%
- 5Y*
- 12.95%
- 10Y*
- 13.57%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.04B | $2.04B | $2.42B | |
| $20.82M | $19.40M | $19.77M |
KSA vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KSA iShares MSCI Saudi Arabia ETF | 3.06% | -8.20% | -0.19% | 15.05% | -6.06% | 33.62% | 2.65% | 9.30% | 13.07% | 6.14% |
BRK-B Berkshire Hathaway Inc. | 1.77% | 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 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.04 - 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 | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 0.90 | -0.80 |
| Martin ratioReturn relative to average drawdown | 0.20 | 1.88 | -1.68 |
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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 | -15.28% | -14.95% | -0.33% |
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 | -18.20% | -5.24% | -12.96% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -11.06% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 4.49% | +1.04% |
Volatility
KSA vs. BRK-B - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 2.83%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.59%. 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 | 2.83% | 4.59% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 11.13% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.37% | 14.79% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 17.12% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 19.42% | +0.56% |
Dividends
KSA vs. BRK-B - Dividend Comparison
KSA's dividend yield for the trailing twelve months is around 2.79%, 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 | 2.79% | 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 0.04, 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 (4.59%) compared to KSA (2.83%). In terms of maximum drawdown, KSA dropped -40.56% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.57 vs 0.07), 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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