DLB vs. BRK-B
DLB (Dolby Laboratories, Inc.) and BRK-B (Berkshire Hathaway Inc.) are both stocks. DLB operates in Information Technology Services (Technology), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 10 years, DLB returned 2.89%/yr vs 12.82%/yr for BRK-B. At a 0.36 correlation, their price movements are largely independent.
Performance
DLB vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, DLB achieves a -12.39% return, which is significantly lower than BRK-B's -6.20% return. Over the past 10 years, DLB has underperformed BRK-B with an annualized return of 2.89%, while BRK-B has yielded a comparatively higher 12.82% annualized return.
DLB
- 1D
- -0.82%
- 1M
- -2.61%
- YTD
- -12.39%
- 6M
- -15.15%
- 1Y
- -23.18%
- 3Y*
- -11.11%
- 5Y*
- -8.83%
- 10Y*
- 2.89%
BRK-B
- 1D
- 0.26%
- 1M
- -0.32%
- YTD
- -6.20%
- 6M
- -6.94%
- 1Y
- -6.23%
- 3Y*
- 12.69%
- 5Y*
- 10.06%
- 10Y*
- 12.82%
DLB vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | -12.39% | -16.27% | -7.95% | 23.82% | -24.90% | -0.99% | 42.99% | 12.63% | 0.78% | 38.73% |
BRK-B Berkshire Hathaway Inc. | -6.20% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between DLB and BRK-B is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2005 | 0.36 |
Over the past year, the correlation between DLB and BRK-B has dropped to 0.15 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
DLB:
$5.31B
BRK-B:
$1.02T
DLB:
$2.53
BRK-B:
$33.62
DLB:
22.01
BRK-B:
14.03
DLB:
32.48
BRK-B:
0.54
DLB:
3.93
BRK-B:
2.71
DLB:
2.03
BRK-B:
1.40
DLB:
$1.36B
BRK-B:
$375.39B
DLB:
$1.19B
BRK-B:
$94.36B
DLB:
$347.35M
BRK-B:
$71.92B
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Return for Risk
DLB vs. BRK-B — Risk / Return Rank
DLB
BRK-B
DLB vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dolby Laboratories, Inc. (DLB) and Berkshire Hathaway Inc. (BRK-B). 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.
| DLB | BRK-B | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.93 | -0.44 | -0.49 |
Sortino ratioReturn per unit of downside risk | -1.16 | -0.51 | -0.65 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.94 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.68 | -0.13 |
Martin ratioReturn relative to average drawdown | -1.68 | -1.36 | -0.32 |
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
| DLB | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | -0.44 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.59 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.66 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.48 | -0.31 |
Drawdowns
DLB vs. BRK-B - Drawdown Comparison
The maximum DLB drawdown since its inception was -62.19%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for DLB and BRK-B.
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Drawdown Indicators
| DLB | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -53.86% | -8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -28.98% | -9.42% | -19.56% |
Max Drawdown (3Y)Largest decline over 3 years | -37.93% | -14.95% | -22.98% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -26.58% | -16.93% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -29.57% | -14.58% |
Current DrawdownCurrent decline from peak | -41.81% | -12.65% | -29.16% |
Average DrawdownAverage peak-to-trough decline | -22.35% | -11.07% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.95% | 4.73% | +9.22% |
Volatility
DLB vs. BRK-B - Volatility Comparison
Dolby Laboratories, Inc. (DLB) has a higher volatility of 7.21% compared to Berkshire Hathaway Inc. (BRK-B) at 3.79%. This indicates that DLB's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLB | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 3.79% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 10.68% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 14.31% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.03% | 17.11% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.61% | 19.43% | +7.18% |
Dividends
DLB vs. BRK-B - Dividend Comparison
DLB's dividend yield for the trailing twelve months is around 2.54%, while BRK-B has not paid dividends to shareholders.
| 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% |
DLB Dolby Laboratories, Inc. | 2.54% | 2.10% | 1.57% | 1.29% | 1.45% | 0.96% | 0.91% | 1.15% | 1.08% | 0.94% | 1.11% | 1.25% |
Financials
DLB vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Dolby Laboratories, Inc. and Berkshire Hathaway Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DLB vs. BRK-B - Profitability Comparison
DLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported a gross profit of 350.90M and revenue of 395.63M. Therefore, the gross margin over that period was 88.7%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
DLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported an operating income of 112.95M and revenue of 395.63M, resulting in an operating margin of 28.6%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
DLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported a net income of 94.92M and revenue of 395.63M, resulting in a net margin of 24.0%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
Frequently Asked Questions
DLB and BRK-B have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLB has higher volatility (7.21%) compared to BRK-B (3.79%). In terms of maximum drawdown, DLB dropped -62.19% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (-0.44 vs -0.93), 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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