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

BRK-B vs. DFND

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while DFND (Siren DIVCON Dividend Defender ETF) is Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Over the past 10 years, BRK-B returned 13.22%/yr vs 7.15%/yr for DFND. At a 0.33 correlation, their price movements are largely independent.

Performance

BRK-B vs. DFND - Performance Comparison

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

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Returns By Period

Over the past 10 years, BRK-B has outperformed DFND with an annualized return of 13.22%, while DFND has yielded a comparatively lower 7.15% annualized return.

BRK-B

1D
0.71%
1M
1.36%
YTD
-2.67%
6M
-2.06%
1Y
0.35%
3Y*
13.30%
5Y*
11.27%
10Y*
13.22%

DFND

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
1.72%
3Y*
8.10%
5Y*
4.54%
10Y*
7.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. DFND - 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%
DFND
Siren DIVCON Dividend Defender ETF		0.00%10.37%8.48%12.13%-19.59%14.80%16.12%19.53%-1.83%16.33%

Correlation

The correlation between BRK-B and DFND is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.06

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

0.14

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

0.26

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

0.33

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2016

0.33

Over the past year, the correlation between BRK-B and DFND has dropped to 0.06 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

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Berkshire Hathaway Inc.

Siren DIVCON Dividend Defender 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 DFND:
DFND vs. DFNG.LDFND vs. ITADFND vs. CLSEDFND vs. QAIDFND vs. 2B7C.DEDFND vs. HTUSDFND vs. VOO

Return for Risk

BRK-B vs. DFND — 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
DFND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. DFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Siren DIVCON Dividend Defender ETF (DFND). 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-BDFNDDifference
Sharpe ratioReturn per unit of total volatility
-0.02
0.19

-0.21

Sortino ratioReturn per unit of downside risk
0.08
0.35

-0.27

Omega ratioGain probability vs. loss probability

1.01

1.05

-0.04

Calmar ratioReturn relative to maximum drawdown

-0.02

0.60

-0.62

Martin ratioReturn relative to average drawdown

-0.05

1.08

-1.13

BRK-B vs. DFND - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the DFND Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of BRK-B and DFND, 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. DFND - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than DFND's maximum drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for BRK-B and DFND.

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Drawdown Indicators

BRK-BDFNDDifference

Max Drawdown

Largest peak-to-trough decline

-53.86%

-22.65%

-31.21%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-3.44%

-5.98%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-12.56%

-2.39%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-22.65%

-3.93%

Max Drawdown (10Y)

Largest decline over 10 years

-29.57%

-22.65%

-6.92%

Current Drawdown

Current decline from peak

-9.36%

-3.69%

-5.67%

Average Drawdown

Average peak-to-trough decline

-11.07%

-5.70%

-5.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

3.72%

+0.81%

Volatility

BRK-B vs. DFND - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.95% compared to Siren DIVCON Dividend Defender ETF (DFND) at 0.00%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRK-BDFNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

0.00%

+3.95%

Volatility (6M)

Calculated over the trailing 6-month period

10.78%

6.10%

+4.68%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

10.88%

+3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

22.44%

-5.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

19.08%

+0.36%

Dividends

BRK-B vs. DFND - Dividend Comparison

Neither BRK-B nor DFND has paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
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%
DFND
Siren DIVCON Dividend Defender ETF		0.62%1.10%1.64%1.84%0.29%0.00%0.00%0.77%0.53%0.02%

Frequently Asked Questions

BRK-B and DFND have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BRK-B has higher volatility (3.95%) compared to DFND (0.00%). In terms of maximum drawdown, BRK-B dropped -53.86% vs DFND's -22.65%.

DFND currently has the higher Sharpe Ratio (0.19 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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