BRK-B vs. VLXVX

Last updated Jun 6, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while VLXVX (Vanguard Target Retirement 2065 Fund) is Diversified Portfolio fund managed by Vanguard. Over the past 5 years, BRK-B returned 10.78%/yr vs 10.11%/yr for VLXVX. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

BRK-B vs. VLXVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Vanguard Target Retirement 2065 Fund (VLXVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -2.89% return, which is significantly lower than VLXVX's 11.69% return.

BRK-B

• 1D: 1.98%
• 1M: 3.90%
• YTD: -2.89%
• 6M: -3.21%
• 1Y: -0.12%
• 3Y*: 13.55%
• 5Y*: 10.78%
• 10Y*: 13.19%

VLXVX

• 1D: 0.29%
• 1M: 2.03%
• YTD: 11.69%
• 6M: 12.27%
• 1Y: 27.67%
• 3Y*: 19.61%
• 5Y*: 10.11%
• 10Y*: —

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

BRK-B vs. VLXVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	14.54%
VLXVX Vanguard Target Retirement 2065 Fund	11.69%	21.44%	14.37%	20.40%	-17.41%	16.46%	16.18%	24.97%	-7.94%	7.68%

Correlation

The correlation between BRK-B and VLXVX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 28, 2017	0.59

Over the past year, the correlation between BRK-B and VLXVX has dropped to 0.12 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. VLXVX — 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: 38
BRK-B Sharpe Ratio Rank: 41
BRK-B Sortino Ratio Rank: 33
BRK-B Omega Ratio Rank: 32
BRK-B Calmar Ratio Rank: 41
BRK-B Martin Ratio Rank: 41

VLXVX

VLXVX Risk / Return Rank: 70
VLXVX Sharpe Ratio Rank: 72
VLXVX Sortino Ratio Rank: 68
VLXVX Omega Ratio Rank: 67
VLXVX Calmar Ratio Rank: 69
VLXVX Martin Ratio Rank: 76

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. VLXVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Vanguard Target Retirement 2065 Fund (VLXVX). 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.

	BRK-B	VLXVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	2.41	-2.41
Sortino ratio: Return per unit of downside risk	0.09	3.33	-3.24
Omega ratio: Gain probability vs. loss probability	1.01	1.44	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.01	3.08	-3.09
Martin ratio: Return relative to average drawdown	-0.03	13.65	-13.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRK-B vs. VLXVX - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.01, which is lower than the VLXVX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of BRK-B and VLXVX, 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

	BRK-B	VLXVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	2.41	-2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.72	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.72	-0.24

Drawdowns

BRK-B vs. VLXVX - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than VLXVX's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for BRK-B and VLXVX.

Drawdown Indicators

	BRK-B	VLXVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-31.42%	-22.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-8.93%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-14.53%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-25.37%	-1.21%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	—	—
Current Drawdown Current decline from peak	-9.57%	-0.42%	-9.15%
Average Drawdown Average peak-to-trough decline	-11.07%	-4.98%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	2.01%	+2.46%

Volatility

BRK-B vs. VLXVX - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 4.08% compared to Vanguard Target Retirement 2065 Fund (VLXVX) at 3.39%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than VLXVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	VLXVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	3.39%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	9.11%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	11.44%	+2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	14.19%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	15.69%	+3.74%

Dividends

BRK-B vs. VLXVX - Dividend Comparison

BRK-B has not paid dividends to shareholders, while VLXVX's dividend yield for the trailing twelve months is around 1.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VLXVX Vanguard Target Retirement 2065 Fund	1.79%	2.00%	2.11%	2.06%	2.00%	1.93%	1.60%	1.90%	1.85%	0.78%

Frequently Asked Questions

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

BRK-B and VLXVX have a correlation of 0.12, 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 VLXVX?

BRK-B has higher volatility (4.08%) compared to VLXVX (3.39%). In terms of maximum drawdown, BRK-B dropped -53.86% vs VLXVX's -31.42%.

Which has better risk-adjusted returns?

VLXVX currently has the higher Sharpe Ratio (2.41 vs -0.01), 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.