BRK-B vs. VMNFX
BRK-B (Berkshire Hathaway Inc.) is a stock, while VMNFX (Vanguard Market Neutral Fund Investor Shares) is Long-Short fund managed by Vanguard. Over the past 10 years, BRK-B returned 13.14%/yr vs 5.00%/yr for VMNFX. At a 0.04 correlation, their price movements are largely independent.
Performance
BRK-B vs. VMNFX - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than VMNFX's 12.10% return. Over the past 10 years, BRK-B has outperformed VMNFX with an annualized return of 13.14%, while VMNFX has yielded a comparatively lower 5.00% annualized return.
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
VMNFX
- 1D
- 0.19%
- 1M
- 1.23%
- YTD
- 12.10%
- 6M
- 14.25%
- 1Y
- 18.34%
- 3Y*
- 13.32%
- 5Y*
- 12.99%
- 10Y*
- 5.00%
BRK-B vs. VMNFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 12.10% | 9.27% | 5.78% | 12.23% | 13.48% | 23.24% | -11.58% | -9.57% | 0.60% | -4.89% |
Correlation
The correlation between BRK-B and VMNFX is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 1998 | 0.04 |
The correlation between BRK-B and VMNFX shifts across timeframes, from -0.09 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. VMNFX — Risk / Return Rank
BRK-B
VMNFX
BRK-B vs. VMNFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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 | VMNFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 3.96 | -4.10 |
| Martin ratioReturn relative to average drawdown | -0.30 | 11.00 | -11.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRK-B | VMNFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 2.37 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.81 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.34 | +0.15 |
Drawdowns
BRK-B vs. VMNFX - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than VMNFX's maximum drawdown of -26.42%. Use the drawdown chart below to compare losses from any high point for BRK-B and VMNFX.
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Drawdown Indicators
| BRK-B | VMNFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -26.42% | -27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -4.65% | -4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -5.44% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -6.75% | -19.83% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -25.09% | -4.48% |
Current DrawdownCurrent decline from peak | -9.78% | 0.00% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -8.75% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 1.67% | +2.82% |
Volatility
BRK-B vs. VMNFX - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Vanguard Market Neutral Fund Investor Shares (VMNFX) at 1.83%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | VMNFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.83% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 5.65% | +5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 7.76% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 7.21% | +9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 6.38% | +13.06% |
Dividends
BRK-B vs. VMNFX - Dividend Comparison
BRK-B has not paid dividends to shareholders, while VMNFX's dividend yield for the trailing twelve months is around 3.13%.
| 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% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 3.13% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
Frequently Asked Questions
BRK-B and VMNFX have a correlation of -0.09, 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 (3.98%) compared to VMNFX (1.83%). In terms of maximum drawdown, BRK-B dropped -53.86% vs VMNFX's -26.42%.
VMNFX currently has the higher Sharpe Ratio (2.37 vs -0.09), 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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