BRK-B vs. LVHD

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) is Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. Over the past 10 years, BRK-B returned 13.22%/yr vs 8.41%/yr for LVHD. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

BRK-B vs. LVHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than LVHD's 10.95% return. Over the past 10 years, BRK-B has outperformed LVHD with an annualized return of 13.22%, while LVHD has yielded a comparatively lower 8.41% annualized return.

BRK-B

• 1D: 0.71%
• 1M: 0.77%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: -0.22%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

LVHD

• 1D: 0.64%
• 1M: 3.86%
• YTD: 10.95%
• 6M: 10.48%
• 1Y: 13.29%
• 3Y*: 10.12%
• 5Y*: 6.90%
• 10Y*: 8.41%

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

BRK-B vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	10.95%	7.50%	10.18%	-0.95%	-1.82%	26.90%	-1.28%	22.91%	-5.58%	14.25%

Correlation

The correlation between BRK-B and LVHD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015	0.61

The correlation between BRK-B and LVHD shifts across timeframes, from 0.45 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. LVHD — 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: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

LVHD

LVHD Risk / Return Rank: 43
LVHD Sharpe Ratio Rank: 44
LVHD Sortino Ratio Rank: 45
LVHD Omega Ratio Rank: 40
LVHD Calmar Ratio Rank: 49
LVHD Martin Ratio Rank: 39

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. LVHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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-B	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.37	-1.38
Sortino ratio: Return per unit of downside risk	0.08	2.03	-1.95
Omega ratio: Gain probability vs. loss probability	1.01	1.23	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.02	2.16	-2.19
Martin ratio: Return relative to average drawdown	-0.05	5.43	-5.48

BRK-B vs. LVHD - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the LVHD Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of BRK-B and LVHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRK-B vs. LVHD - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for BRK-B and LVHD.

Drawdown Indicators

	BRK-B	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-37.32%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-6.17%	-3.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-14.29%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-16.75%	-9.83%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-37.32%	+7.75%
Current Drawdown Current decline from peak	-9.36%	-1.07%	-8.29%
Average Drawdown Average peak-to-trough decline	-11.07%	-4.04%	-7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.46%	+2.07%

Volatility

BRK-B vs. LVHD - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.95% compared to Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) at 3.54%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.54%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	6.96%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	9.77%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	12.91%	+4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	15.52%	+3.92%

Dividends

BRK-B vs. LVHD - Dividend Comparison

BRK-B has not paid dividends to shareholders, while LVHD's dividend yield for the trailing twelve months is around 3.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.27%	3.35%	4.23%	3.55%	3.30%	2.56%	3.27%	3.30%	3.82%	3.33%	2.48%

Frequently Asked Questions

Can I hold both BRK-B and LVHD in my portfolio?

BRK-B and LVHD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRK-B or LVHD?

BRK-B has higher volatility (3.95%) compared to LVHD (3.54%). In terms of maximum drawdown, BRK-B dropped -53.86% vs LVHD's -37.32%.

Which has better risk-adjusted returns?

LVHD currently has the higher Sharpe Ratio (1.37 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.