GHC vs. BRK-B

Last updated Jun 3, 2026

GHC (Graham Holdings Company) and BRK-B (Berkshire Hathaway Inc.) are both stocks. GHC operates in Education & Training Services (Consumer Defensive), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 10 years, GHC returned 9.21%/yr vs 12.82%/yr for BRK-B. At a 0.31 correlation, their price movements are largely independent.

Performance

GHC vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Graham Holdings Company (GHC) 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, GHC achieves a 1.02% return, which is significantly higher than BRK-B's -6.20% return. Over the past 10 years, GHC has underperformed BRK-B with an annualized return of 9.21%, while BRK-B has yielded a comparatively higher 12.82% annualized return.

GHC

• 1D: -0.35%
• 1M: -2.49%
• YTD: 1.02%
• 6M: 0.46%
• 1Y: 16.95%
• 3Y*: 24.73%
• 5Y*: 12.37%
• 10Y*: 9.21%

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%

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

GHC vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GHC Graham Holdings Company	1.02%	26.98%	26.32%	16.56%	-3.02%	19.25%	-15.32%	0.57%	15.78%	10.05%
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 GHC and BRK-B is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since May 10, 1996	0.31

The correlation between GHC and BRK-B shifts across timeframes, from 0.27 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GHC : $7.32M BRK-B : $1.02T
EPS GHC : $90.63 BRK-B : $33.62
PE Ratio GHC : 12.21 BRK-B : 14.03
PEG Ratio GHC : 0.14 BRK-B : 0.54
PS Ratio GHC : 0.97 BRK-B : 2.71
PB Ratio GHC : 0.00 BRK-B : 1.40
Total Revenue (TTM) GHC : $3.75B BRK-B : $375.39B
Gross Profit (TTM) GHC : $1.10B BRK-B : $94.36B
EBITDA (TTM) GHC : $722.08M BRK-B : $71.92B

Return for Risk

GHC vs. BRK-B — Risk / Return Rank

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

GHC

GHC Risk / Return Rank: 58
GHC Sharpe Ratio Rank: 62
GHC Sortino Ratio Rank: 54
GHC Omega Ratio Rank: 53
GHC Calmar Ratio Rank: 59
GHC Martin Ratio Rank: 61

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 21
BRK-B Sortino Ratio Rank: 19
BRK-B Omega Ratio Rank: 19
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 8

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.

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

This table presents a comparison of risk-adjusted performance metrics for Graham Holdings Company (GHC) 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.

	GHC	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	0.64	-0.44	+1.08
Sortino ratio Return per unit of downside risk	1.05	-0.51	+1.56
Omega ratio Gain probability vs. loss probability	1.13	0.94	+0.19
Calmar ratio Return relative to maximum drawdown	0.85	-0.68	+1.53
Martin ratio Return relative to average drawdown	2.24	-1.36	+3.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHC vs. BRK-B - Sharpe Ratio Comparison

The current GHC Sharpe Ratio is 0.64, which is higher than the BRK-B Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of GHC 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

	GHC	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	-0.44	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.59	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.66	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.48	-0.20

Drawdowns

GHC vs. BRK-B - Drawdown Comparison

The maximum GHC drawdown since its inception was -67.54%, 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 GHC and BRK-B.

Drawdown Indicators

	GHC	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-67.54%	-53.86%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-19.78%	-9.42%	-10.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.78%	-14.95%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-26.58%	+5.79%
Max Drawdown (10Y) Largest decline over 10 years	-62.55%	-29.57%	-32.98%
Current Drawdown Current decline from peak	-7.03%	-12.65%	+5.62%
Average Drawdown Average peak-to-trough decline	-19.32%	-11.07%	-8.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	4.73%	+2.73%

Volatility

GHC vs. BRK-B - Volatility Comparison

Graham Holdings Company (GHC) has a higher volatility of 5.75% compared to Berkshire Hathaway Inc. (BRK-B) at 3.79%. This indicates that GHC'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.

Volatility by Period

	GHC	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	3.79%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	15.98%	10.68%	+5.30%
Volatility (1Y) Calculated over the trailing 1-year period	26.52%	14.31%	+12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	17.11%	+8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.28%	19.43%	+8.85%

Dividends

GHC vs. BRK-B - Dividend Comparison

GHC's dividend yield for the trailing twelve months is around 0.67%, 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%
GHC Graham Holdings Company	0.67%	0.66%	0.79%	0.95%	1.05%	0.96%	1.09%	0.87%	0.83%	0.91%	0.95%	89.61%

Financials

Frequently Asked Questions

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

GHC and BRK-B have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GHC or BRK-B?

GHC has higher volatility (5.75%) compared to BRK-B (3.79%). In terms of maximum drawdown, GHC dropped -67.54% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

GHC currently has the higher Sharpe Ratio (0.64 vs -0.44), 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.