MSTQ vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about LHA Market State Tactical Q ETF (MSTQ) and Berkshire Hathaway Inc. (BRK-B).

MSTQ is an actively managed fund by Little Harbor Advisors. It was launched on Mar 14, 2022.

Performance

MSTQ vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Q ETF (MSTQ) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

MSTQ vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSTQ LHA Market State Tactical Q ETF	-4.76%	20.57%	19.58%	43.10%	-21.67%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	15.46%	-7.11%

Returns By Period

The year-to-date returns for both stocks are quite close, with MSTQ having a -4.76% return and BRK-B slightly lower at -4.80%.

MSTQ

• 1D: 1.01%
• 1M: -3.58%
• YTD: -4.76%
• 6M: -4.34%
• 1Y: 24.20%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: -0.15%
• 1M: -0.35%
• YTD: -4.80%
• 6M: -3.95%
• 1Y: -10.22%
• 3Y*: 15.72%
• 5Y*: 13.13%
• 10Y*: 12.78%

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

Return for Risk

MSTQ vs. BRK-B — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 72
MSTQ Sharpe Ratio Rank: 77
MSTQ Sortino Ratio Rank: 80
MSTQ Omega Ratio Rank: 72
MSTQ Calmar Ratio Rank: 71
MSTQ Martin Ratio Rank: 60

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 16
BRK-B Sortino Ratio Rank: 16
BRK-B Omega Ratio Rank: 16
BRK-B Calmar Ratio Rank: 17
BRK-B Martin Ratio Rank: 19

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.

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

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Q ETF (MSTQ) 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.

	MSTQ	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.48	-0.56	+2.05
Sortino ratio Return per unit of downside risk	2.16	-0.65	+2.81
Omega ratio Gain probability vs. loss probability	1.28	0.91	+0.37
Calmar ratio Return relative to maximum drawdown	2.02	-0.68	+2.70
Martin ratio Return relative to average drawdown	6.57	-1.16	+7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTQ vs. BRK-B - Sharpe Ratio Comparison

The current MSTQ Sharpe Ratio is 1.48, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of MSTQ and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSTQ	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	-0.56	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.48	+0.12

Correlation

The correlation between MSTQ and BRK-B is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSTQ vs. BRK-B - Dividend Comparison

MSTQ's dividend yield for the trailing twelve months is around 14.66%, while BRK-B has not paid dividends to shareholders.

	TTM	2025	2024	2023
MSTQ LHA Market State Tactical Q ETF	14.66%	13.97%	3.72%	0.77%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSTQ vs. BRK-B - Drawdown Comparison

The maximum MSTQ drawdown since its inception was -31.05%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for MSTQ and BRK-B.

Drawdown Indicators

	MSTQ	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	-53.86%	+22.81%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	-14.95%	+2.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-9.38%	-11.36%	+1.98%
Average Drawdown Average peak-to-trough decline	-8.91%	-11.07%	+2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	8.72%	-4.92%

Volatility

MSTQ vs. BRK-B - Volatility Comparison

LHA Market State Tactical Q ETF (MSTQ) has a higher volatility of 4.60% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that MSTQ'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

	MSTQ	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	4.33%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	11.14%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	18.30%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	17.20%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	19.45%	-0.47%