SMT.L vs. BRK-B
Compare and contrast key facts about Scottish Mortgage Investment Trust plc (SMT.L) and Berkshire Hathaway Inc. (BRK-B).
SMT.L is an actively managed fund by Baillie Gifford Funds. It was launched on Mar 31, 2023.
Performance
SMT.L vs. BRK-B - Performance Comparison
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SMT.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 6.11% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
BRK-B Berkshire Hathaway Inc. | -3.23% | 2.99% | 29.31% | 9.69% | 15.59% | 30.17% | -0.64% | 6.71% | 9.11% | 11.10% |
Different Trading Currencies
SMT.L is traded in GBp, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMT.L achieves a 6.11% return, which is significantly higher than BRK-B's -3.23% return. Over the past 10 years, SMT.L has outperformed BRK-B with an annualized return of 17.57%, while BRK-B has yielded a comparatively lower 13.58% annualized return.
SMT.L
- 1D
- 5.67%
- 1M
- 4.09%
- YTD
- 6.11%
- 6M
- 10.71%
- 1Y
- 32.93%
- 3Y*
- 23.47%
- 5Y*
- 2.03%
- 10Y*
- 17.57%
BRK-B
- 1D
- -0.38%
- 1M
- 0.78%
- YTD
- -3.23%
- 6M
- -2.33%
- 1Y
- -12.48%
- 3Y*
- 12.98%
- 5Y*
- 14.10%
- 10Y*
- 13.58%
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Return for Risk
SMT.L vs. BRK-B — Risk / Return Rank
SMT.L
BRK-B
SMT.L vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) 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.
| SMT.L | BRK-B | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | -0.66 | +2.13 |
Sortino ratioReturn per unit of downside risk | 2.11 | -0.80 | +2.90 |
Omega ratioGain probability vs. loss probability | 1.27 | 0.90 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.73 | +3.51 |
Martin ratioReturn relative to average drawdown | 9.07 | -1.11 | +10.19 |
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
| SMT.L | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.66 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.84 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.58 | -0.05 |
Correlation
The correlation between SMT.L and BRK-B is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMT.L vs. BRK-B - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.35%, while BRK-B has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.35% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
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% |
Drawdowns
SMT.L vs. BRK-B - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, which is greater than BRK-B's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for SMT.L and BRK-B.
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Drawdown Indicators
| SMT.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -53.86% | -8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -14.95% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -26.58% | -33.53% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | -29.57% | -30.54% |
Current DrawdownCurrent decline from peak | -16.77% | -11.36% | -5.41% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -11.07% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 8.72% | -4.96% |
Volatility
SMT.L vs. BRK-B - Volatility Comparison
Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 9.24% compared to Berkshire Hathaway Inc. (BRK-B) at 4.68%. This indicates that SMT.L'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
| SMT.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 4.68% | +4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 12.29% | +3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.36% | 18.95% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.98% | 16.95% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.68% | 19.84% | +8.84% |