PSHZF vs. BRK-B
PSHZF (Pershing Square Holdings Ltd) and BRK-B (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — PSHZF in Asset Management, BRK-B in Insurance - Diversified. Over the past 10 years, PSHZF returned 14.27%/yr vs 12.93%/yr for BRK-B. At a 0.30 correlation, their price movements are largely independent.
Performance
PSHZF vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, PSHZF achieves a -16.97% return, which is significantly lower than BRK-B's -4.78% return. Over the past 10 years, PSHZF has outperformed BRK-B with an annualized return of 14.27%, while BRK-B has yielded a comparatively lower 12.93% annualized return.
PSHZF
- 1D
- 1.97%
- 1M
- -2.05%
- YTD
- -16.97%
- 6M
- -18.64%
- 1Y
- 2.28%
- 3Y*
- 17.38%
- 5Y*
- 9.58%
- 10Y*
- 14.27%
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%
PSHZF vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSHZF Pershing Square Holdings Ltd | -16.97% | 36.74% | 4.57% | 37.43% | -15.13% | 17.80% | 89.27% | 53.54% | -8.09% | -5.08% |
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 PSHZF and BRK-B is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2015 | 0.30 |
The correlation between PSHZF and BRK-B shifts across timeframes, from 0.13 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PSHZF:
$9.73B
BRK-B:
$1.03T
PSHZF:
$12.78
BRK-B:
$33.62
PSHZF:
4.21
BRK-B:
14.24
PSHZF:
1.54
BRK-B:
0.55
PSHZF:
3.14
BRK-B:
2.75
PSHZF:
0.66
BRK-B:
1.42
PSHZF:
$3.10B
BRK-B:
$375.39B
PSHZF:
$3.10B
BRK-B:
$94.36B
PSHZF:
$0.00
BRK-B:
$71.92B
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Return for Risk
PSHZF vs. BRK-B — Risk / Return Rank
PSHZF
BRK-B
PSHZF vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pershing Square Holdings Ltd (PSHZF) 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.
| PSHZF | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.98 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.27 | +0.37 |
| Martin ratioReturn relative to average drawdown | 0.23 | -0.57 | +0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSHZF | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.18 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.61 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.67 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.48 | -0.19 |
Drawdowns
PSHZF vs. BRK-B - Drawdown Comparison
The maximum PSHZF drawdown since its inception was -56.97%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for PSHZF and BRK-B.
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Drawdown Indicators
| PSHZF | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.97% | -53.86% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -9.42% | -13.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -14.95% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | -26.58% | -4.88% |
Max Drawdown (10Y)Largest decline over 10 years | -32.96% | -29.57% | -3.39% |
Current DrawdownCurrent decline from peak | -19.70% | -11.33% | -8.37% |
Average DrawdownAverage peak-to-trough decline | -23.15% | -11.07% | -12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.04% | 4.46% | +5.58% |
Volatility
PSHZF vs. BRK-B - Volatility Comparison
Pershing Square Holdings Ltd (PSHZF) has a higher volatility of 6.05% compared to Berkshire Hathaway Inc. (BRK-B) at 3.72%. This indicates that PSHZF'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.
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Volatility by Period
| PSHZF | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 3.72% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 17.54% | 10.70% | +6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 14.32% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 17.11% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.16% | 19.43% | +5.73% |
Dividends
PSHZF vs. BRK-B - Dividend Comparison
PSHZF's dividend yield for the trailing twelve months is around 1.30%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSHZF Pershing Square Holdings Ltd | 1.30% | 1.01% | 1.21% | 1.12% | 1.38% | 1.14% | 1.35% | 1.57% |
Financials
PSHZF vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Pershing Square Holdings Ltd and Berkshire Hathaway Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PSHZF vs. BRK-B - Profitability Comparison
PSHZF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pershing Square Holdings Ltd reported a gross profit of 1.26B and revenue of 1.26B. Therefore, the gross margin over that period was 100.0%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
PSHZF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pershing Square Holdings Ltd reported an operating income of 1.02B and revenue of 1.26B, resulting in an operating margin of 81.3%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
PSHZF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pershing Square Holdings Ltd reported a net income of 958.82M and revenue of 1.26B, resulting in a net margin of 76.3%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
Frequently Asked Questions
PSHZF and BRK-B have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSHZF has higher volatility (6.05%) compared to BRK-B (3.72%). In terms of maximum drawdown, PSHZF dropped -56.97% vs BRK-B's -53.86%.
PSHZF currently has the higher Sharpe Ratio (0.10 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.
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