FTRBX vs. BRK-B

Last updated Jun 4, 2026

FTRBX (Federated Hermes Total Return Bond Fund Institutional Shares) is Intermediate Core Bond fund managed by Federated, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FTRBX returned 2.26%/yr vs 12.91%/yr for BRK-B. At a correlation of -0.06, they often move in opposite directions.

Performance

FTRBX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTRBX achieves a 0.15% return, which is significantly higher than BRK-B's -5.43% return. Over the past 10 years, FTRBX has underperformed BRK-B with an annualized return of 2.26%, while BRK-B has yielded a comparatively higher 12.91% annualized return.

FTRBX

• 1D: 0.11%
• 1M: 0.70%
• YTD: 0.15%
• 6M: 0.56%
• 1Y: 5.62%
• 3Y*: 4.28%
• 5Y*: 0.32%
• 10Y*: 2.26%

BRK-B

• 1D: 0.82%
• 1M: 1.46%
• YTD: -5.43%
• 6M: -5.61%
• 1Y: -4.51%
• 3Y*: 13.00%
• 5Y*: 10.20%
• 10Y*: 12.91%

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

FTRBX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares	0.15%	7.60%	2.03%	5.20%	-13.13%	-0.21%	9.52%	9.75%	-0.85%	4.41%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between FTRBX and BRK-B is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Oct 1, 1996	-0.06

The correlation between FTRBX and BRK-B shifts across timeframes, from -0.06 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FTRBX vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTRBX

FTRBX Risk / Return Rank: 27
FTRBX Sharpe Ratio Rank: 24
FTRBX Sortino Ratio Rank: 27
FTRBX Omega Ratio Rank: 28
FTRBX Calmar Ratio Rank: 29
FTRBX Martin Ratio Rank: 26

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

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.

FTRBX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) 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.

	FTRBX	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.40	-0.32	+1.71
Sortino ratio Return per unit of downside risk	2.15	-0.34	+2.49
Omega ratio Gain probability vs. loss probability	1.28	0.96	+0.32
Calmar ratio Return relative to maximum drawdown	2.02	-0.48	+2.50
Martin ratio Return relative to average drawdown	6.26	-1.02	+7.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTRBX vs. BRK-B - Sharpe Ratio Comparison

The current FTRBX Sharpe Ratio is 1.40, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of FTRBX and BRK-B, 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

	FTRBX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	-0.32	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.60	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.67	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.48	+0.60

Drawdowns

FTRBX vs. BRK-B - Drawdown Comparison

The maximum FTRBX drawdown since its inception was -17.49%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FTRBX and BRK-B.

Drawdown Indicators

	FTRBX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-17.49%	-53.86%	+36.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-9.42%	+6.62%
Max Drawdown (3Y) Largest decline over 3 years	-6.21%	-14.95%	+8.74%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-26.58%	+9.09%
Max Drawdown (10Y) Largest decline over 10 years	-17.49%	-29.57%	+12.08%
Current Drawdown Current decline from peak	-1.09%	-11.94%	+10.85%
Average Drawdown Average peak-to-trough decline	-2.03%	-11.07%	+9.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	4.57%	-3.67%

Volatility

FTRBX vs. BRK-B - Volatility Comparison

The current volatility for Federated Hermes Total Return Bond Fund Institutional Shares (FTRBX) is 1.34%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.75%. This indicates that FTRBX experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTRBX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	3.75%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	10.68%	-7.95%
Volatility (1Y) Calculated over the trailing 1-year period	4.04%	14.33%	-10.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.89%	17.11%	-11.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.80%	19.43%	-14.63%

Dividends

FTRBX vs. BRK-B - Dividend Comparison

FTRBX's dividend yield for the trailing twelve months is around 4.54%, 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%
FTRBX Federated Hermes Total Return Bond Fund Institutional Shares	4.54%	4.52%	4.47%	3.84%	2.47%	3.43%	4.66%	3.38%	3.49%	3.21%	3.35%	3.53%

Frequently Asked Questions

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

FTRBX and BRK-B have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTRBX or BRK-B?

BRK-B has higher volatility (3.75%) compared to FTRBX (1.34%). In terms of maximum drawdown, FTRBX dropped -17.49% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FTRBX currently has the higher Sharpe Ratio (1.40 vs -0.32), 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.