NQ=F vs. BRK-B

Last updated Jun 26, 2026

NQ=F (E-Mini Nasdaq 100 Futures) is an asset, while BRK-B (Berkshire Hathaway Inc.) is a stock. At a 0.44 correlation, their price movements are largely independent.

Performance

NQ=F vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in E-Mini Nasdaq 100 Futures (NQ=F) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NQ=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: -1.41%
• 1M: 0.87%
• YTD: -2.95%
• 6M: -2.70%
• 1Y: 0.33%
• 3Y*: 13.44%
• 5Y*: 11.87%
• 10Y*: 13.42%

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

NQ=F vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NQ=F E-Mini Nasdaq 100 Futures	0.00%	0.00%	0.00%	24.43%	-32.46%	26.66%	47.22%	38.20%	-1.18%	31.76%
BRK-B Berkshire Hathaway Inc.	-2.95%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between NQ=F and BRK-B is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 20, 2003	0.44

The correlation between NQ=F and BRK-B shifts across timeframes, from 0.33 (5 years) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NQ=F vs. BRK-B — Risk / Return Rank

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

NQ=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BRK-B

BRK-B Risk / Return Rank: 41
BRK-B Sharpe Ratio Rank: 45
BRK-B Sortino Ratio Rank: 36
BRK-B Omega Ratio Rank: 36
BRK-B Calmar Ratio Rank: 44
BRK-B Martin Ratio Rank: 44

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.

NQ=F vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for E-Mini Nasdaq 100 Futures (NQ=F) 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.

	NQ=F	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	—	0.02	—
Sortino ratio: Return per unit of downside risk	—	0.13	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	0.04	—
Martin ratio: Return relative to average drawdown	—	0.07	—

Drawdowns

Drawdown Indicators

	NQ=F	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	—	-53.86%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.95%	—
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	—	-9.63%	—
Average Drawdown Average peak-to-trough decline	—	-11.07%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.51%	—

Volatility

Volatility by Period

	NQ=F	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.40%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.39%	—

Frequently Asked Questions

Can I hold both NQ=F and BRK-B in my portfolio?

NQ=F and BRK-B have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.