TRN.MI vs. BRK-B
TRN.MI (Terna Rete Elettrica Nazionale SpA) and BRK-B (Berkshire Hathaway Inc.) are both stocks. TRN.MI operates in Utilities - Regulated Electric (Utilities), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 10 years, TRN.MI returned 11.81%/yr vs 12.68%/yr for BRK-B. At a 0.17 correlation, their price movements are largely independent.
Performance
TRN.MI vs. BRK-B - Performance Comparison
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Different Trading Currencies
TRN.MI 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, TRN.MI achieves a 9.08% return, which is significantly higher than BRK-B's -3.69% return. Over the past 10 years, TRN.MI has underperformed BRK-B with an annualized return of 11.81%, while BRK-B has yielded a comparatively higher 12.68% annualized return.
TRN.MI
- 1D
- 0.51%
- 1M
- -2.56%
- YTD
- 9.08%
- 6M
- 9.93%
- 1Y
- 15.49%
- 3Y*
- 12.32%
- 5Y*
- 14.03%
- 10Y*
- 11.81%
BRK-B
- 1D
- 0.55%
- 1M
- 3.50%
- YTD
- -3.69%
- 6M
- -4.63%
- 1Y
- -4.16%
- 3Y*
- 10.34%
- 5Y*
- 11.37%
- 10Y*
- 12.68%
TRN.MI vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRN.MI Terna Rete Elettrica Nazionale SpA | 9.08% | 24.27% | 5.54% | 14.12% | 1.04% | 18.77% | 9.22% | 25.16% | 7.31% | 15.96% |
BRK-B Berkshire Hathaway Inc. | -3.69% | -2.27% | 35.48% | 12.00% | 9.71% | 38.60% | -6.07% | 13.44% | 7.84% | 6.68% |
Correlation
The correlation between TRN.MI and BRK-B is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2007 | 0.17 |
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Return for Risk
TRN.MI vs. BRK-B — Risk / Return Rank
TRN.MI
BRK-B
TRN.MI vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Terna Rete Elettrica Nazionale SpA (TRN.MI) 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.
| TRN.MI | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.97 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | -0.38 | +2.28 |
| Martin ratioReturn relative to average drawdown | 5.74 | -0.79 | +6.52 |
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
| TRN.MI | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.28 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.66 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.49 | +0.18 |
Drawdowns
TRN.MI vs. BRK-B - Drawdown Comparison
The maximum TRN.MI drawdown since its inception was -30.56%, smaller than the maximum BRK-B drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for TRN.MI and BRK-B.
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Drawdown Indicators
| TRN.MI | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -45.91% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -11.04% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -10.96% | -20.62% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -22.31% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | -28.74% | -1.82% |
Current DrawdownCurrent decline from peak | -4.30% | -17.01% | +12.71% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -9.73% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 5.30% | -2.60% |
Volatility
TRN.MI vs. BRK-B - Volatility Comparison
Terna Rete Elettrica Nazionale SpA (TRN.MI) has a higher volatility of 5.71% compared to Berkshire Hathaway Inc. (BRK-B) at 3.72%. This indicates that TRN.MI'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
| TRN.MI | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 3.72% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 11.24% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.44% | 15.04% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 17.37% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 20.09% | +0.84% |
Dividends
TRN.MI vs. BRK-B - Dividend Comparison
TRN.MI's dividend yield for the trailing twelve months is around 4.01%, 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% |
TRN.MI Terna Rete Elettrica Nazionale SpA | 4.01% | 4.38% | 4.52% | 4.27% | 4.33% | 3.89% | 4.10% | 4.01% | 4.53% | 4.30% | 4.64% | 4.21% |
Financials
TRN.MI vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Terna Rete Elettrica Nazionale SpA 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
Frequently Asked Questions
TRN.MI and BRK-B have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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