PSH.AS vs. BRK-A

Last updated Jun 5, 2026

PSH.AS (Pershing Square Holdings Ltd) and BRK-A (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — PSH.AS in Asset Management, BRK-A in Insurance - Diversified. Over the past year, PSH.AS returned 0.64% vs 0.08% for BRK-A. At a 0.12 correlation, their price movements are largely independent.

Performance

PSH.AS vs. BRK-A - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pershing Square Holdings Ltd (PSH.AS) and Berkshire Hathaway Inc. (BRK-A). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSH.AS

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-A

• 1D: 2.11%
• 1M: 3.91%
• YTD: -2.82%
• 6M: -2.94%
• 1Y: 0.08%
• 3Y*: 13.01%
• 5Y*: 10.81%
• 10Y*: 13.21%

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

PSH.AS vs. BRK-A - Yearly Performance Comparison

	2026 (YTD)	2025
PSH.AS Pershing Square Holdings Ltd	0.00%	0.96%
BRK-A Berkshire Hathaway Inc.	-2.82%	-5.38%

Correlation

The correlation between PSH.AS and BRK-A is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.12

Return for Risk

PSH.AS vs. BRK-A — Risk / Return Rank

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

BRK-A

BRK-A Risk / Return Rank: 38
BRK-A Sharpe Ratio Rank: 42
BRK-A Sortino Ratio Rank: 33
BRK-A Omega Ratio Rank: 33
BRK-A Calmar Ratio Rank: 42
BRK-A Martin Ratio Rank: 42

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.

PSH.AS vs. BRK-A - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings Ltd (PSH.AS) and Berkshire Hathaway Inc. (BRK-A). 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.

	PSH.AS	BRK-A	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.01	+1.41
Sortino ratio: Return per unit of downside risk	—	0.10	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	0.01	—
Martin ratio: Return relative to average drawdown	—	0.02	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSH.AS vs. BRK-A - Sharpe Ratio Comparison

The current PSH.AS Sharpe Ratio is 1.41, which is higher than the BRK-A Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of PSH.AS and BRK-A, 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

	PSH.AS	BRK-A	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.01	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	0.82	+0.83

Drawdowns

PSH.AS vs. BRK-A - Drawdown Comparison

The maximum PSH.AS drawdown since its inception was 0.00%, smaller than the maximum BRK-A drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for PSH.AS and BRK-A.

Drawdown Indicators

	PSH.AS	BRK-A	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-51.47%	+51.47%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-9.12%	+9.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.43%	—
Current Drawdown Current decline from peak	0.00%	-9.37%	+9.37%
Average Drawdown Average peak-to-trough decline	0.00%	-9.52%	+9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	4.40%	-4.40%

Volatility

PSH.AS vs. BRK-A - Volatility Comparison

The current volatility for Pershing Square Holdings Ltd (PSH.AS) is 0.00%, while Berkshire Hathaway Inc. (BRK-A) has a volatility of 4.03%. This indicates that PSH.AS experiences smaller price fluctuations and is considered to be less risky than BRK-A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSH.AS	BRK-A	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	4.03%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	10.64%	-10.64%
Volatility (1Y) Calculated over the trailing 1-year period	0.45%	13.96%	-13.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.52%	17.17%	-16.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.52%	18.99%	-18.47%

Dividends

PSH.AS vs. BRK-A - Dividend Comparison

PSH.AS's dividend yield for the trailing twelve months is around 0.64%, while BRK-A has not paid dividends to shareholders.

Position	TTM	2025
BRK-A Berkshire Hathaway Inc.	0.00%	0.00%
PSH.AS Pershing Square Holdings Ltd	0.64%	0.96%

Financials

Frequently Asked Questions

Can I hold both PSH.AS and BRK-A in my portfolio?

PSH.AS and BRK-A have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.