SHELL.AS vs. BRK-B

Last updated Jun 13, 2026

SHELL.AS (Shell plc) and BRK-B (Berkshire Hathaway Inc.) are both stocks. SHELL.AS operates in Oil & Gas Integrated (Energy), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 10 years, SHELL.AS returned 10.88%/yr vs 12.86%/yr for BRK-B. At a 0.22 correlation, their price movements are largely independent.

Performance

SHELL.AS vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Shell plc (SHELL.AS) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SHELL.AS is traded in EUR, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SHELL.AS achieves a 20.76% return, which is significantly higher than BRK-B's -1.17% return. Over the past 10 years, SHELL.AS has underperformed BRK-B with an annualized return of 10.88%, while BRK-B has yielded a comparatively higher 12.86% annualized return.

SHELL.AS

• 1D: -1.61%
• 1M: 3.67%
• YTD: 20.76%
• 6M: 23.83%
• 1Y: 25.49%
• 3Y*: 15.85%
• 5Y*: 23.67%
• 10Y*: 10.88%

BRK-B

• 1D: 0.79%
• 1M: 2.04%
• YTD: -1.17%
• 6M: -0.61%
• 1Y: -0.05%
• 3Y*: 10.70%
• 5Y*: 12.29%
• 10Y*: 12.86%

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

SHELL.AS vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHELL.AS Shell plc	20.76%	8.72%	5.45%	17.46%	42.09%	43.90%	-44.11%	7.48%	-1.05%	10.03%
BRK-B Berkshire Hathaway Inc.	-1.17%	-2.27%	35.48%	12.00%	9.71%	38.60%	-6.07%	13.44%	7.84%	6.68%

Correlation

The correlation between SHELL.AS and BRK-B is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.22

The correlation between SHELL.AS and BRK-B shifts across timeframes, from 0.05 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SHELL.AS vs. BRK-B — Risk / Return Rank

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

SHELL.AS

SHELL.AS Risk / Return Rank: 74
SHELL.AS Sharpe Ratio Rank: 78
SHELL.AS Sortino Ratio Rank: 69
SHELL.AS Omega Ratio Rank: 71
SHELL.AS Calmar Ratio Rank: 76
SHELL.AS Martin Ratio Rank: 78

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B 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.

SHELL.AS vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc (SHELL.AS) 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.

	SHELL.AS	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.18	-0.00	+1.19
Sortino ratio: Return per unit of downside risk	1.61	0.10	+1.51
Omega ratio: Gain probability vs. loss probability	1.22	1.01	+0.21
Calmar ratio: Return relative to maximum drawdown	2.00	-0.00	+2.00
Martin ratio: Return relative to average drawdown	5.23	-0.01	+5.24

SHELL.AS vs. BRK-B - Sharpe Ratio Comparison

The current SHELL.AS Sharpe Ratio is 1.18, which is higher than the BRK-B Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of SHELL.AS 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.

Drawdowns

SHELL.AS vs. BRK-B - Drawdown Comparison

The maximum SHELL.AS drawdown since its inception was -66.39%, which is greater than BRK-B's maximum drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for SHELL.AS and BRK-B.

Drawdown Indicators

	SHELL.AS	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-66.39%	-45.91%	-20.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-11.04%	-1.54%
Max Drawdown (3Y) Largest decline over 3 years	-21.48%	-20.62%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-22.31%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-66.39%	-28.74%	-37.65%
Current Drawdown Current decline from peak	-8.30%	-14.83%	+6.53%
Average Drawdown Average peak-to-trough decline	-15.23%	-9.74%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	5.05%	-0.21%

Volatility

SHELL.AS vs. BRK-B - Volatility Comparison

Shell plc (SHELL.AS) has a higher volatility of 6.77% compared to Berkshire Hathaway Inc. (BRK-B) at 4.31%. This indicates that SHELL.AS'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

	SHELL.AS	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	4.31%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	18.22%	11.44%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	21.25%	15.11%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.71%	17.39%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.90%	20.11%	+9.79%

Dividends

SHELL.AS vs. BRK-B - Dividend Comparison

SHELL.AS's dividend yield for the trailing twelve months is around 3.39%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHELL.AS Shell plc	3.39%	3.94%	4.44%	4.15%	3.74%	4.24%	6.12%	6.73%	7.13%	6.51%	6.14%	6.92%

Financials

Frequently Asked Questions

Can I hold both SHELL.AS and BRK-B in my portfolio?

SHELL.AS and BRK-B have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.