UTIL.L vs. BRK-B
UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) is Utilities Equities fund tracking the MSCI World/Utilities NR USD, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, UTIL.L returned 10.81%/yr vs 12.57%/yr for BRK-B. At a 0.23 correlation, their price movements are largely independent.
Performance
UTIL.L vs. BRK-B - Performance Comparison
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Different Trading Currencies
UTIL.L 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, UTIL.L achieves a 19.62% return, which is significantly higher than BRK-B's 0.57% return. Over the past 10 years, UTIL.L has underperformed BRK-B with an annualized return of 10.81%, while BRK-B has yielded a comparatively higher 12.57% annualized return.
UTIL.L
- 1D
- -0.12%
- 1M
- 4.03%
- 6M
- 13.64%
- YTD
- 19.62%
- 1Y
- 32.91%
- 3Y*
- 18.31%
- 5Y*
- 13.03%
- 10Y*
- 10.81%
- ALL TIME*
- 9.45%
BRK-B
- 1D
- 0.28%
- 1M
- 0.78%
- 6M
- 1.19%
- YTD
- 0.57%
- 1Y
- 5.57%
- 3Y*
- 11.46%
- 5Y*
- 12.65%
- 10Y*
- 12.57%
- ALL TIME*
- 11.06%
UTIL.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 19.62% | 33.98% | 1.33% | 13.09% | -6.77% | 8.27% | 11.82% | 29.32% | 3.36% | 9.29% |
BRK-B Berkshire Hathaway Inc. | 0.57% | -2.27% | 35.48% | 12.00% | 9.71% | 38.60% | -6.07% | 13.44% | 7.84% | 6.68% |
Correlation
The correlation between UTIL.L and BRK-B is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014 | 0.23 |
The correlation between UTIL.L and BRK-B shifts across timeframes, from 0.09 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UTIL.L vs. BRK-B — Risk / Return Rank
UTIL.L
BRK-B
UTIL.L vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (UTIL.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.
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.
| UTIL.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.07 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 0.51 | +3.98 |
| Martin ratioReturn relative to average drawdown | 12.07 | 1.13 | +10.93 |
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Drawdowns
UTIL.L vs. BRK-B - Drawdown Comparison
The maximum UTIL.L drawdown since its inception was -34.59%, smaller than the maximum BRK-B drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for UTIL.L and BRK-B.
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Drawdown Indicators
| UTIL.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -45.91% | +11.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -11.04% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -20.62% | +7.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -22.31% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -28.74% | -5.85% |
Current DrawdownCurrent decline from peak | -0.40% | -13.33% | +12.93% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -9.80% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 4.92% | -2.20% |
Volatility
UTIL.L vs. BRK-B - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and Berkshire Hathaway Inc. (BRK-B) have volatilities of 4.70% and 4.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTIL.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.70% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 11.88% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 15.41% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 17.37% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 20.11% | -2.78% |
Dividends
UTIL.L vs. BRK-B - Dividend Comparison
Neither UTIL.L nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
UTIL.L and BRK-B have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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