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BRK-B vs. AMLP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRK-B vs. AMLP

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, BRK-B returned 13.22%/yr vs 6.92%/yr for AMLP. At a 0.38 correlation, their price movements are largely independent.

Performance

BRK-B vs. AMLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Alerian MLP ETF (AMLP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than AMLP's 15.29% return. Over the past 10 years, BRK-B has outperformed AMLP with an annualized return of 13.22%, while AMLP has yielded a comparatively lower 6.92% annualized return.

BRK-B

1D
0.71%
1M
1.07%
YTD
-2.67%
6M
-2.06%
1Y
0.35%
3Y*
13.30%
5Y*
11.27%
10Y*
13.22%

AMLP

1D
-0.34%
1M
-3.23%
YTD
15.29%
6M
14.35%
1Y
15.02%
3Y*
20.22%
5Y*
15.26%
10Y*
6.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. AMLP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BRK-B
Berkshire Hathaway Inc.		-2.67%10.89%27.09%15.46%3.31%28.95%2.37%10.93%3.01%21.62%
AMLP
Alerian MLP ETF		15.29%5.78%22.76%21.40%25.47%39.09%-32.26%5.99%-12.67%-7.89%

Correlation

The correlation between BRK-B and AMLP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2010

0.38

Over the past year, the correlation between BRK-B and AMLP has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Berkshire Hathaway Inc.

Alerian MLP ETF

Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT
Often compared with AMLP:
AMLP vs. MLPAAMLP vs. ENFRAMLP vs. XLEAMLP vs. SPYAMLP vs. ETAMLP vs. VDEAMLP vs. KYN

Return for Risk

BRK-B vs. AMLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRK-B
BRK-B Risk / Return Rank: 3939
Overall Rank
BRK-B Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3434
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3333
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 4242
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 4242
Martin Ratio Rank
AMLP
AMLP Risk / Return Rank: 3838
Overall Rank
AMLP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
AMLP Sortino Ratio Rank: 3939
Sortino Ratio Rank
AMLP Omega Ratio Rank: 3737
Omega Ratio Rank
AMLP Calmar Ratio Rank: 3838
Calmar Ratio Rank
AMLP Martin Ratio Rank: 3939
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Alerian MLP ETF (AMLP). 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.

BRK-BAMLPDifference
Sharpe ratioReturn per unit of total volatility
-0.02
1.25

-1.27

Sortino ratioReturn per unit of downside risk
0.08
1.79

-1.71

Omega ratioGain probability vs. loss probability

1.01

1.22

-0.21

Calmar ratioReturn relative to maximum drawdown

-0.02

1.66

-1.68

Martin ratioReturn relative to average drawdown

-0.05

5.35

-5.40

BRK-B vs. AMLP - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the AMLP Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of BRK-B and AMLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BRK-B vs. AMLP - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for BRK-B and AMLP.

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Drawdown Indicators

BRK-BAMLPDifference

Max Drawdown

Largest peak-to-trough decline

-53.86%

-77.19%

+23.33%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-8.94%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-14.27%

-0.68%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-20.92%

-5.66%

Max Drawdown (10Y)

Largest decline over 10 years

-29.57%

-72.62%

+43.05%

Current Drawdown

Current decline from peak

-9.36%

-4.94%

-4.42%

Average Drawdown

Average peak-to-trough decline

-11.07%

-17.37%

+6.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

2.77%

+1.76%

Volatility

BRK-B vs. AMLP - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while Alerian MLP ETF (AMLP) has a volatility of 4.71%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRK-BAMLPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.71%

-0.76%

Volatility (6M)

Calculated over the trailing 6-month period

10.78%

8.77%

+2.01%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

11.84%

+2.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

19.95%

-2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

27.67%

-8.23%

Dividends

BRK-B vs. AMLP - Dividend Comparison

BRK-B has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.71%.

PositionTTM20252024202320222021202020192018201720162015
AMLP
Alerian MLP ETF		7.71%8.36%7.70%7.86%7.70%8.55%12.31%9.12%9.29%7.97%8.09%9.84%
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%

Frequently Asked Questions

BRK-B and AMLP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AMLP has higher volatility (4.71%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs AMLP's -77.19%.

AMLP currently has the higher Sharpe Ratio (1.25 vs -0.02), 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.

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