HLF.TO vs. BRK.TO

Last updated Jun 5, 2026

HLF.TO (High Liner Foods Incorporated) and BRK.TO (Berkshire Hathaway CDR (CAD Hedged)) are both stocks. HLF.TO operates in Packaged Foods (Consumer Defensive), while BRK.TO operates in Insurance - Diversified (Financial Services). Over the past year, HLF.TO returned -14.90% vs -4.86% for BRK.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

HLF.TO vs. BRK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in High Liner Foods Incorporated (HLF.TO) and Berkshire Hathaway CDR (CAD Hedged) (BRK.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HLF.TO achieves a -0.48% return, which is significantly higher than BRK.TO's -5.68% return.

HLF.TO

• 1D: -0.35%
• 1M: 5.61%
• YTD: -0.48%
• 6M: 8.62%
• 1Y: -14.90%
• 3Y*: 4.15%
• 5Y*: 5.70%
• 10Y*: 1.14%

BRK.TO

• 1D: 0.52%
• 1M: 2.56%
• YTD: -5.68%
• 6M: -5.99%
• 1Y: -4.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HLF.TO vs. BRK.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HLF.TO High Liner Foods Incorporated	-0.48%	-1.20%
BRK.TO Berkshire Hathaway CDR (CAD Hedged)	-5.68%	3.71%

Correlation

The correlation between HLF.TO and BRK.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.15

Return for Risk

HLF.TO vs. BRK.TO — Risk / Return Rank

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

HLF.TO

HLF.TO Risk / Return Rank: 19
HLF.TO Sharpe Ratio Rank: 16
HLF.TO Sortino Ratio Rank: 17
HLF.TO Omega Ratio Rank: 15
HLF.TO Calmar Ratio Rank: 24
HLF.TO Martin Ratio Rank: 25

BRK.TO

BRK.TO Risk / Return Rank: 24
BRK.TO Sharpe Ratio Rank: 26
BRK.TO Sortino Ratio Rank: 22
BRK.TO Omega Ratio Rank: 23
BRK.TO Calmar Ratio Rank: 26
BRK.TO Martin Ratio Rank: 22

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.

HLF.TO vs. BRK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Liner Foods Incorporated (HLF.TO) and Berkshire Hathaway CDR (CAD Hedged) (BRK.TO). 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.

	HLF.TO	BRK.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.36	-0.22
Sortino ratio: Return per unit of downside risk	-0.66	-0.42	-0.25
Omega ratio: Gain probability vs. loss probability	0.90	0.95	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.47	-0.03
Martin ratio: Return relative to average drawdown	-0.86	-0.97	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HLF.TO vs. BRK.TO - Sharpe Ratio Comparison

The current HLF.TO Sharpe Ratio is -0.58, which is lower than the BRK.TO Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of HLF.TO and BRK.TO, 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

	HLF.TO	BRK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	-0.36	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.10	+0.15

Drawdowns

HLF.TO vs. BRK.TO - Drawdown Comparison

The maximum HLF.TO drawdown since its inception was -97.14%, which is greater than BRK.TO's maximum drawdown of -15.81%. Use the drawdown chart below to compare losses from any high point for HLF.TO and BRK.TO.

Drawdown Indicators

	HLF.TO	BRK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.14%	-15.81%	-81.33%
Max Drawdown (1Y) Largest decline over 1 year	-29.71%	-10.39%	-19.32%
Max Drawdown (3Y) Largest decline over 3 years	-29.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.96%	—	—
Current Drawdown Current decline from peak	-22.59%	-13.66%	-8.93%
Average Drawdown Average peak-to-trough decline	-54.03%	-8.94%	-45.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.43%	5.01%	+12.42%

Volatility

HLF.TO vs. BRK.TO - Volatility Comparison

High Liner Foods Incorporated (HLF.TO) has a higher volatility of 4.92% compared to Berkshire Hathaway CDR (CAD Hedged) (BRK.TO) at 3.28%. This indicates that HLF.TO's price experiences larger fluctuations and is considered to be riskier than BRK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HLF.TO	BRK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	3.28%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	10.15%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	13.51%	+12.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.36%	17.46%	+10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.11%	17.46%	+18.65%

Dividends

HLF.TO vs. BRK.TO - Dividend Comparison

HLF.TO's dividend yield for the trailing twelve months is around 4.83%, while BRK.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK.TO Berkshire Hathaway CDR (CAD Hedged)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HLF.TO High Liner Foods Incorporated	4.83%	4.63%	3.88%	4.57%	3.12%	2.08%	1.98%	3.58%	7.57%	3.81%	2.61%	2.99%

Financials

Frequently Asked Questions

Can I hold both HLF.TO and BRK.TO in my portfolio?

HLF.TO and BRK.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.