BFOCX vs. IVV

Last updated Jun 4, 2026

BFOCX (Berkshire Focus Fund) and IVV (iShares Core S&P 500 ETF) are both funds - BFOCX is a Technology Equities fund managed by Berkshire, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BFOCX returned 22.88%/yr vs 15.54%/yr for IVV. A 0.72 correlation means they provide meaningful diversification when combined. BFOCX charges 1.94%/yr vs 0.03%/yr for IVV.

Performance

BFOCX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Focus Fund (BFOCX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFOCX achieves a 60.81% return, which is significantly higher than IVV's 10.85% return. Over the past 10 years, BFOCX has outperformed IVV with an annualized return of 22.88%, while IVV has yielded a comparatively lower 15.54% annualized return.

BFOCX

• 1D: -0.27%
• 1M: 19.71%
• YTD: 60.81%
• 6M: 57.53%
• 1Y: 100.22%
• 3Y*: 52.74%
• 5Y*: 13.57%
• 10Y*: 22.88%

IVV

• 1D: -0.76%
• 1M: 4.97%
• YTD: 10.85%
• 6M: 10.87%
• 1Y: 28.00%
• 3Y*: 22.43%
• 5Y*: 13.88%
• 10Y*: 15.54%

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

BFOCX vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BFOCX Berkshire Focus Fund	60.81%	28.67%	59.16%	50.20%	-65.06%	-1.79%	90.81%	40.56%	10.04%	44.10%
IVV iShares Core S&P 500 ETF	10.85%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between BFOCX and IVV is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 22, 2000	0.72

The correlation between BFOCX and IVV has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

BFOCX vs. IVV — Risk / Return Rank

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

BFOCX

BFOCX Risk / Return Rank: 77
BFOCX Sharpe Ratio Rank: 87
BFOCX Sortino Ratio Rank: 55
BFOCX Omega Ratio Rank: 59
BFOCX Calmar Ratio Rank: 96
BFOCX Martin Ratio Rank: 89

IVV

IVV Risk / Return Rank: 70
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

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.

BFOCX vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Focus Fund (BFOCX) and iShares Core S&P 500 ETF (IVV). 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.

	BFOCX	IVV	Difference
Sharpe ratio: Return per unit of total volatility	2.84	2.39	+0.45
Sortino ratio: Return per unit of downside risk	3.14	3.25	-0.11
Omega ratio: Gain probability vs. loss probability	1.43	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	6.07	3.17	+2.91
Martin ratio: Return relative to average drawdown	17.65	14.71	+2.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BFOCX vs. IVV - Sharpe Ratio Comparison

The current BFOCX Sharpe Ratio is 2.84, which is comparable to the IVV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of BFOCX and IVV, 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

	BFOCX	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	2.39	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.83	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.86	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.45	-0.19

Drawdowns

BFOCX vs. IVV - Drawdown Comparison

The maximum BFOCX drawdown since its inception was -95.80%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BFOCX and IVV.

Drawdown Indicators

	BFOCX	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-95.80%	-55.25%	-40.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-8.89%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-40.55%	-18.75%	-21.80%
Max Drawdown (5Y) Largest decline over 5 years	-72.53%	-24.53%	-48.00%
Max Drawdown (10Y) Largest decline over 10 years	-72.53%	-33.90%	-38.63%
Current Drawdown Current decline from peak	-0.27%	-0.76%	+0.49%
Average Drawdown Average peak-to-trough decline	-58.17%	-10.78%	-47.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	1.91%	+4.00%

Volatility

BFOCX vs. IVV - Volatility Comparison

Berkshire Focus Fund (BFOCX) has a higher volatility of 13.22% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that BFOCX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFOCX	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.22%	2.87%	+10.35%
Volatility (6M) Calculated over the trailing 6-month period	29.39%	8.90%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	36.86%	11.80%	+25.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.52%	16.88%	+26.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.56%	18.05%	+19.51%

BFOCX vs. IVV - Expense Ratio Comparison

BFOCX has a 1.94% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

BFOCX vs. IVV - Dividend Comparison

BFOCX has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFOCX Berkshire Focus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	19.54%	21.20%	14.20%	5.70%	21.73%	0.14%	9.52%
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both BFOCX and IVV in my portfolio?

BFOCX and IVV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFOCX or IVV?

BFOCX has higher volatility (13.22%) compared to IVV (2.87%). In terms of maximum drawdown, BFOCX dropped -95.80% vs IVV's -55.25%.

Which has better risk-adjusted returns?

BFOCX currently has the higher Sharpe Ratio (2.84 vs 2.39), 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.