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^XSP vs. BRK-B
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

^XSP vs. BRK-B

Last updated Mar 13, 2025

Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and Berkshire Hathaway Inc. (BRK-B).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or BRK-B.

Correlation

The correlation between ^XSP and BRK-B is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

-0.50.00.51.00.6

Performance

^XSP vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Mini-SPX Options Index (^XSP) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.
40.00%50.00%60.00%70.00%80.00%90.00%100.00%110.00%OctoberNovemberDecember2025FebruaryMarch
43.51%
99.00%
^XSP
BRK-B

Key characteristics

Sharpe Ratio

^XSP:

0.69

BRK-B:

1.46

Sortino Ratio

^XSP:

0.99

BRK-B:

2.18

Omega Ratio

^XSP:

1.13

BRK-B:

1.27

Calmar Ratio

^XSP:

1.00

BRK-B:

2.75

Martin Ratio

^XSP:

3.74

BRK-B:

6.51

Ulcer Index

^XSP:

2.48%

BRK-B:

3.54%

Daily Std Dev

^XSP:

13.48%

BRK-B:

15.75%

Max Drawdown

^XSP:

-25.43%

BRK-B:

-53.86%

Current Drawdown

^XSP:

-8.87%

BRK-B:

-3.48%

Returns By Period

In the year-to-date period, ^XSP achieves a -4.80% return, which is significantly lower than BRK-B's 9.41% return.

^XSP

YTD

-4.80%

1M

-7.70%

6M

0.81%

1Y

8.19%

5Y*

N/A

10Y*

N/A

BRK-B

YTD

9.41%

1M

5.48%

6M

9.45%

1Y

22.46%

5Y*

20.44%

10Y*

13.20%

*Annualized

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Risk-Adjusted Performance

^XSP vs. BRK-B — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^XSP
The Risk-Adjusted Performance Rank of ^XSP is 7878
Overall Rank
The Sharpe Ratio Rank of ^XSP is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of ^XSP is 7272
Sortino Ratio Rank
The Omega Ratio Rank of ^XSP is 7474
Omega Ratio Rank
The Calmar Ratio Rank of ^XSP is 8484
Calmar Ratio Rank
The Martin Ratio Rank of ^XSP is 8383
Martin Ratio Rank
BRK-B
The Risk-Adjusted Performance Rank of BRK-B is 8989
Overall Rank
The Sharpe Ratio Rank of BRK-B is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of BRK-B is 8787
Sortino Ratio Rank
The Omega Ratio Rank of BRK-B is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BRK-B is 9696
Calmar Ratio Rank
The Martin Ratio Rank of BRK-B is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^XSP vs. BRK-B - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) 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.

The chart of Sharpe ratio for ^XSP, currently valued at 0.69, compared to the broader market-1.00-0.500.000.501.001.500.691.46
The chart of Sortino ratio for ^XSP, currently valued at 0.99, compared to the broader market-1.000.001.002.000.992.18
The chart of Omega ratio for ^XSP, currently valued at 1.13, compared to the broader market0.901.001.101.201.301.131.27
The chart of Calmar ratio for ^XSP, currently valued at 1.00, compared to the broader market-0.500.000.501.001.502.002.501.002.75
The chart of Martin ratio for ^XSP, currently valued at 3.74, compared to the broader market0.002.004.006.008.0010.003.746.51
^XSP
BRK-B

The current ^XSP Sharpe Ratio is 0.69, which is lower than the BRK-B Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of ^XSP and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00OctoberNovemberDecember2025FebruaryMarch
0.69
1.46
^XSP
BRK-B

Drawdowns

^XSP vs. BRK-B - Drawdown Comparison

The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for ^XSP and BRK-B. For additional features, visit the drawdowns tool.

-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2025FebruaryMarch
-8.87%
-3.48%
^XSP
BRK-B

Volatility

^XSP vs. BRK-B - Volatility Comparison

The current volatility for S&P 500 Mini-SPX Options Index (^XSP) is 5.08%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 6.32%. This indicates that ^XSP experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

2.00%3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2025FebruaryMarch
5.08%
6.32%
^XSP
BRK-B