MQIFX vs. BRK-B

Last updated Jun 5, 2026

MQIFX (Franklin Mutual Quest Fund) is Global Allocation fund managed by Franklin Templeton, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, MQIFX returned 5.74%/yr vs 12.93%/yr for BRK-B. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

MQIFX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Quest Fund (MQIFX) 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, MQIFX achieves a 6.06% return, which is significantly higher than BRK-B's -4.78% return. Over the past 10 years, MQIFX has underperformed BRK-B with an annualized return of 5.74%, while BRK-B has yielded a comparatively higher 12.93% annualized return.

MQIFX

• 1D: -0.41%
• 1M: 1.74%
• YTD: 6.06%
• 6M: 7.99%
• 1Y: 17.58%
• 3Y*: 15.13%
• 5Y*: 7.01%
• 10Y*: 5.74%

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%

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

MQIFX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MQIFX Franklin Mutual Quest Fund	6.06%	17.66%	8.84%	10.46%	-6.85%	11.50%	-1.84%	12.40%	-7.33%	6.99%
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 MQIFX and BRK-B is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 10, 1996	0.52

The correlation between MQIFX and BRK-B shifts across timeframes, from 0.38 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MQIFX vs. BRK-B — Risk / Return Rank

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

MQIFX

MQIFX Risk / Return Rank: 36
MQIFX Sharpe Ratio Rank: 39
MQIFX Sortino Ratio Rank: 39
MQIFX Omega Ratio Rank: 39
MQIFX Calmar Ratio Rank: 32
MQIFX Martin Ratio Rank: 31

BRK-B

BRK-B Risk / Return Rank: 31
BRK-B Sharpe Ratio Rank: 34
BRK-B Sortino Ratio Rank: 28
BRK-B Omega Ratio Rank: 27
BRK-B Calmar Ratio Rank: 33
BRK-B Martin Ratio Rank: 32

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.

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

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Quest Fund (MQIFX) 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.

	MQIFX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.78	-0.18	+1.96
Sortino ratio: Return per unit of downside risk	2.61	-0.15	+2.76
Omega ratio: Gain probability vs. loss probability	1.33	0.98	+0.35
Calmar ratio: Return relative to maximum drawdown	2.08	-0.27	+2.35
Martin ratio: Return relative to average drawdown	7.01	-0.57	+7.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MQIFX vs. BRK-B - Sharpe Ratio Comparison

The current MQIFX Sharpe Ratio is 1.78, which is higher than the BRK-B Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of MQIFX 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

	MQIFX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	-0.18	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.61	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.67	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.48	+0.37

Drawdowns

MQIFX vs. BRK-B - Drawdown Comparison

The maximum MQIFX drawdown since its inception was -34.60%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for MQIFX and BRK-B.

Drawdown Indicators

	MQIFX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-34.60%	-53.86%	+19.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.41%	-9.42%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-10.71%	-14.95%	+4.24%
Max Drawdown (5Y) Largest decline over 5 years	-19.91%	-26.58%	+6.67%
Max Drawdown (10Y) Largest decline over 10 years	-30.59%	-29.57%	-1.02%
Current Drawdown Current decline from peak	-1.62%	-11.33%	+9.71%
Average Drawdown Average peak-to-trough decline	-4.87%	-11.07%	+6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	4.46%	-1.97%

Volatility

MQIFX vs. BRK-B - Volatility Comparison

The current volatility for Franklin Mutual Quest Fund (MQIFX) is 2.67%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.72%. This indicates that MQIFX 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.

Volatility by Period

	MQIFX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	3.72%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	10.70%	-3.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	14.32%	-4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.73%	17.11%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.96%	19.43%	-7.47%

Dividends

MQIFX vs. BRK-B - Dividend Comparison

MQIFX's dividend yield for the trailing twelve months is around 3.94%, 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%
MQIFX Franklin Mutual Quest Fund	3.94%	4.18%	5.10%	4.60%	3.80%	2.59%	3.66%	3.52%	13.76%	4.53%	1.24%	5.75%

Frequently Asked Questions

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

MQIFX and BRK-B have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MQIFX or BRK-B?

BRK-B has higher volatility (3.72%) compared to MQIFX (2.67%). In terms of maximum drawdown, MQIFX dropped -34.60% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

MQIFX currently has the higher Sharpe Ratio (1.78 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.