BRK.B vs FGI: Correlation
How closely do Berkshire Hathaway (BRK.B) and FGI Industries Ltd. (FGI) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRK.B and FGI?
On 3 years of weekly data the BRK.B/FGI correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -426.3 %².
By 3-year correlation, FGI places #26 of the 31 assets tracked against BRK.B. The last year tells two different stories: FGI led by 73.4 percentage points, +1.6% for BRK.B against +75.0% for FGI. One caveat on sizing: FGI is 8.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BRK.B vs FGI: side by side
| BRK.B (Berkshire Hathaway) | FGI (FGI Industries Ltd.) | |
|---|---|---|
| 1-year return | +1.6% | +75.0% |
| 5-year return | +76.3% | -61.6% |
| Volatility (ann.) | 15.9% | 133.7% |
| Beta vs S&P 500 | 0.43 | 1.29 |
| Max drawdown (3Y) | -14.9% | -72.6% |
| Market cap | $1,078.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRK.B | FGI |
|---|---|---|
| 2022 | +3.3% | – |
| 2023 | +15.5% | -23.7% |
| 2024 | +27.1% | -52.7% |
| 2025 | +10.9% | +47.1% |
| 2026 | +0.2% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRK.B and FGI good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRK.B and FGI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.25 over the last year and -0.10 over 5 years.
Is FGI a good diversifier for BRK.B?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BRK.B correlations · FGI correlations
