XMMO vs. BRK-B

Last updated Jun 9, 2026

XMMO (Invesco S&P MidCap Momentum ETF) is Momentum fund tracking the S&P MidCap 400 Momentum Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, XMMO returned 19.50%/yr vs 13.14%/yr for BRK-B. At a 0.50 correlation, their price movements are largely independent.

Performance

XMMO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P MidCap Momentum ETF (XMMO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMMO achieves a 19.66% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, XMMO has outperformed BRK-B with an annualized return of 19.50%, while BRK-B has yielded a comparatively lower 13.14% annualized return.

XMMO

• 1D: 0.46%
• 1M: -0.10%
• YTD: 19.66%
• 6M: 19.51%
• 1Y: 31.14%
• 3Y*: 29.91%
• 5Y*: 15.72%
• 10Y*: 19.50%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

XMMO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMMO Invesco S&P MidCap Momentum ETF	19.66%	13.04%	38.03%	20.39%	-16.02%	16.69%	29.17%	36.78%	6.12%	37.18%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between XMMO 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	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005	0.50

Over the past year, the correlation between XMMO and BRK-B has dropped to 0.12 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

XMMO vs. BRK-B — Risk / Return Rank

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

XMMO

XMMO Risk / Return Rank: 64
XMMO Sharpe Ratio Rank: 53
XMMO Sortino Ratio Rank: 52
XMMO Omega Ratio Rank: 52
XMMO Calmar Ratio Rank: 80
XMMO Martin Ratio Rank: 83

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

XMMO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Momentum ETF (XMMO) 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.

	XMMO	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.63	-0.09	+1.73
Sortino ratio: Return per unit of downside risk	2.29	-0.03	+2.32
Omega ratio: Gain probability vs. loss probability	1.29	1.00	+0.29
Calmar ratio: Return relative to maximum drawdown	3.75	-0.14	+3.89
Martin ratio: Return relative to average drawdown	15.23	-0.30	+15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMMO vs. BRK-B - Sharpe Ratio Comparison

The current XMMO Sharpe Ratio is 1.63, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of XMMO 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.

Sharpe Ratios by Period

	XMMO	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	-0.09	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.65	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.68	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.48	+0.09

Drawdowns

XMMO vs. BRK-B - Drawdown Comparison

The maximum XMMO drawdown since its inception was -55.37%, roughly equal to the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for XMMO and BRK-B.

Drawdown Indicators

	XMMO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-53.86%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-9.42%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-24.93%	-14.95%	-9.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	-26.58%	-1.33%
Max Drawdown (10Y) Largest decline over 10 years	-36.74%	-29.57%	-7.17%
Current Drawdown Current decline from peak	-3.69%	-9.78%	+6.09%
Average Drawdown Average peak-to-trough decline	-9.45%	-11.07%	+1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	4.49%	-2.42%

Volatility

XMMO vs. BRK-B - Volatility Comparison

Invesco S&P MidCap Momentum ETF (XMMO) has a higher volatility of 7.70% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that XMMO'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

	XMMO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	3.98%	+3.72%
Volatility (6M) Calculated over the trailing 6-month period	16.07%	10.87%	+5.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	14.38%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	17.13%	+4.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	19.44%	+2.87%

Dividends

XMMO vs. BRK-B - Dividend Comparison

XMMO's dividend yield for the trailing twelve months is around 0.62%, 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%
XMMO Invesco S&P MidCap Momentum ETF	0.62%	0.78%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%

Frequently Asked Questions

Can I hold both XMMO and BRK-B in my portfolio?

XMMO 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.

Which is riskier, XMMO or BRK-B?

XMMO has higher volatility (7.70%) compared to BRK-B (3.98%). In terms of maximum drawdown, XMMO dropped -55.37% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

XMMO currently has the higher Sharpe Ratio (1.63 vs -0.09), 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.