PGRO vs. BRK-B

Last updated Jun 3, 2026

PGRO (Putnam Focused Large Cap Growth ETF) is Large Cap Growth Equities fund actively managed by Power Corporation of Canada, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, PGRO returned 14.70%/yr vs 10.06%/yr for BRK-B. At a 0.34 correlation, their price movements are largely independent.

Performance

PGRO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Focused Large Cap Growth ETF (PGRO) 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, PGRO achieves a 10.18% return, which is significantly higher than BRK-B's -6.20% return.

PGRO

• 1D: -0.10%
• 1M: 7.11%
• YTD: 10.18%
• 6M: 9.15%
• 1Y: 27.37%
• 3Y*: 25.15%
• 5Y*: 14.70%
• 10Y*: —

BRK-B

• 1D: 0.26%
• 1M: -0.32%
• YTD: -6.20%
• 6M: -6.94%
• 1Y: -6.23%
• 3Y*: 12.69%
• 5Y*: 10.06%
• 10Y*: 12.82%

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

PGRO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PGRO Putnam Focused Large Cap Growth ETF	10.18%	15.13%	34.01%	45.19%	-31.53%	16.67%
BRK-B Berkshire Hathaway Inc.	-6.20%	10.89%	27.09%	15.46%	3.31%	4.06%

Correlation

The correlation between PGRO and BRK-B is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.34

The correlation between PGRO and BRK-B shifts across timeframes, from -0.04 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PGRO vs. BRK-B — Risk / Return Rank

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

PGRO

PGRO Risk / Return Rank: 43
PGRO Sharpe Ratio Rank: 49
PGRO Sortino Ratio Rank: 47
PGRO Omega Ratio Rank: 47
PGRO Calmar Ratio Rank: 34
PGRO Martin Ratio Rank: 36

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 21
BRK-B Sortino Ratio Rank: 19
BRK-B Omega Ratio Rank: 19
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 8

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.

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

This table presents a comparison of risk-adjusted performance metrics for Putnam Focused Large Cap Growth ETF (PGRO) 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.

	PGRO	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.71	-0.44	+2.15
Sortino ratio Return per unit of downside risk	2.35	-0.51	+2.86
Omega ratio Gain probability vs. loss probability	1.30	0.94	+0.36
Calmar ratio Return relative to maximum drawdown	1.71	-0.68	+2.40
Martin ratio Return relative to average drawdown	5.66	-1.36	+7.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGRO vs. BRK-B - Sharpe Ratio Comparison

The current PGRO Sharpe Ratio is 1.71, which is higher than the BRK-B Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of PGRO 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

	PGRO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	-0.44	+2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.59	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.48	+0.19

Drawdowns

PGRO vs. BRK-B - Drawdown Comparison

The maximum PGRO drawdown since its inception was -34.73%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for PGRO and BRK-B.

Drawdown Indicators

	PGRO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-34.73%	-53.86%	+19.13%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-9.42%	-6.92%
Max Drawdown (3Y) Largest decline over 3 years	-23.31%	-14.95%	-8.36%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-26.58%	-8.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-0.10%	-12.65%	+12.55%
Average Drawdown Average peak-to-trough decline	-10.28%	-11.07%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	4.73%	+0.22%

Volatility

PGRO vs. BRK-B - Volatility Comparison

Putnam Focused Large Cap Growth ETF (PGRO) and Berkshire Hathaway Inc. (BRK-B) have volatilities of 3.87% and 3.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGRO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	3.79%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	10.68%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	14.31%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.81%	17.11%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.77%	19.43%	+2.34%

Dividends

PGRO vs. BRK-B - Dividend Comparison

PGRO's dividend yield for the trailing twelve months is around 0.02%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
PGRO Putnam Focused Large Cap Growth ETF	0.02%	0.02%	0.08%	0.19%	0.12%

Frequently Asked Questions

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

PGRO 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.

Which is riskier, PGRO or BRK-B?

PGRO has higher volatility (3.87%) compared to BRK-B (3.79%). In terms of maximum drawdown, PGRO dropped -34.73% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

PGRO currently has the higher Sharpe Ratio (1.71 vs -0.44), 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.