BRK-B vs. SCHO

Last updated Jun 16, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while SCHO (Schwab Short-Term U.S. Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Over the past 10 years, BRK-B returned 13.41%/yr vs 1.71%/yr for SCHO. At a correlation of -0.16, they often move in opposite directions.

Performance

BRK-B vs. SCHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Schwab Short-Term U.S. Treasury ETF (SCHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -1.42% return, which is significantly lower than SCHO's 0.58% return. Over the past 10 years, BRK-B has outperformed SCHO with an annualized return of 13.41%, while SCHO has yielded a comparatively lower 1.71% annualized return.

BRK-B

• 1D: 1.28%
• 1M: 2.66%
• YTD: -1.42%
• 6M: -2.14%
• 1Y: 1.64%
• 3Y*: 13.57%
• 5Y*: 11.85%
• 10Y*: 13.41%

SCHO

• 1D: 0.04%
• 1M: 0.31%
• YTD: 0.58%
• 6M: 0.82%
• 1Y: 3.47%
• 3Y*: 4.27%
• 5Y*: 1.86%
• 10Y*: 1.71%

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

BRK-B vs. SCHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	-1.42%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%
SCHO Schwab Short-Term U.S. Treasury ETF	0.58%	5.49%	3.65%	4.31%	-3.87%	-0.64%	3.11%	3.47%	1.37%	0.33%

Correlation

The correlation between BRK-B and SCHO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010	-0.16

The correlation between BRK-B and SCHO shifts across timeframes, from -0.16 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. SCHO — 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: 43
BRK-B Sharpe Ratio Rank: 47
BRK-B Sortino Ratio Rank: 37
BRK-B Omega Ratio Rank: 37
BRK-B Calmar Ratio Rank: 47
BRK-B Martin Ratio Rank: 47

SCHO

SCHO Risk / Return Rank: 89
SCHO Sharpe Ratio Rank: 88
SCHO Sortino Ratio Rank: 93
SCHO Omega Ratio Rank: 90
SCHO Calmar Ratio Rank: 83
SCHO Martin Ratio Rank: 88

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. SCHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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	SCHO	Difference
Sharpe ratio: Return per unit of total volatility	0.11	2.56	-2.45
Sortino ratio: Return per unit of downside risk	0.25	4.19	-3.93
Omega ratio: Gain probability vs. loss probability	1.03	1.52	-0.49
Calmar ratio: Return relative to maximum drawdown	0.17	4.06	-3.89
Martin ratio: Return relative to average drawdown	0.36	17.10	-16.74

BRK-B vs. SCHO - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is 0.11, which is lower than the SCHO Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of BRK-B and SCHO, 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. SCHO - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than SCHO's maximum drawdown of -5.69%. Use the drawdown chart below to compare losses from any high point for BRK-B and SCHO.

Drawdown Indicators

	BRK-B	SCHO	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-5.69%	-48.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-0.86%	-8.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-0.98%	-13.97%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-5.69%	-20.89%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-5.69%	-23.88%
Current Drawdown Current decline from peak	-8.20%	-0.10%	-8.10%
Average Drawdown Average peak-to-trough decline	-11.07%	-0.61%	-10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	0.20%	+4.33%

Volatility

BRK-B vs. SCHO - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 4.12% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.43%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	SCHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	0.43%	+3.69%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	0.93%	+9.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	1.36%	+13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	1.98%	+15.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	1.56%	+17.88%

Dividends

BRK-B vs. SCHO - Dividend Comparison

BRK-B has not paid dividends to shareholders, while SCHO's dividend yield for the trailing twelve months is around 3.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHO Schwab Short-Term U.S. Treasury ETF	3.90%	4.06%	4.29%	3.76%	1.34%	0.41%	1.27%	2.27%	1.60%	1.12%	0.82%	0.68%

Frequently Asked Questions

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

BRK-B and SCHO have a correlation of 0.07, 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 SCHO?

BRK-B has higher volatility (4.12%) compared to SCHO (0.43%). In terms of maximum drawdown, BRK-B dropped -53.86% vs SCHO's -5.69%.

Which has better risk-adjusted returns?

SCHO currently has the higher Sharpe Ratio (2.56 vs 0.11), 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.