PRFDX vs. BRK-B

Last updated Jun 13, 2026

PRFDX (T. Rowe Price Equity Income Fund) is Large Cap Value Equities fund managed by T. Rowe Price, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, PRFDX returned 11.90%/yr vs 13.22%/yr for BRK-B. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

PRFDX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Income Fund (PRFDX) 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, PRFDX achieves a 12.54% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, PRFDX has underperformed BRK-B with an annualized return of 11.90%, while BRK-B has yielded a comparatively higher 13.22% annualized return.

PRFDX

• 1D: 1.76%
• 1M: 1.74%
• YTD: 12.54%
• 6M: 12.89%
• 1Y: 22.61%
• 3Y*: 16.25%
• 5Y*: 9.69%
• 10Y*: 11.90%

BRK-B

• 1D: 0.71%
• 1M: 0.77%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: -0.22%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

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

PRFDX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRFDX T. Rowe Price Equity Income Fund	12.54%	14.60%	11.85%	9.75%	-3.25%	25.60%	1.28%	33.66%	-9.29%	15.46%
BRK-B Berkshire Hathaway Inc.	-2.67%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between PRFDX and BRK-B is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 9, 1996	0.55

The correlation between PRFDX and BRK-B shifts across timeframes, from 0.40 (1 year) to 0.73 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PRFDX vs. BRK-B — Risk / Return Rank

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

PRFDX

PRFDX Risk / Return Rank: 78
PRFDX Sharpe Ratio Rank: 77
PRFDX Sortino Ratio Rank: 78
PRFDX Omega Ratio Rank: 73
PRFDX Calmar Ratio Rank: 81
PRFDX Martin Ratio Rank: 79

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

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.

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

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Income Fund (PRFDX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PRFDX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.11	-0.02	+2.12
Sortino ratio: Return per unit of downside risk	3.04	0.08	+2.97
Omega ratio: Gain probability vs. loss probability	1.38	1.01	+0.37
Calmar ratio: Return relative to maximum drawdown	3.15	-0.02	+3.17
Martin ratio: Return relative to average drawdown	11.66	-0.05	+11.71

PRFDX vs. BRK-B - Sharpe Ratio Comparison

The current PRFDX Sharpe Ratio is 2.11, which is higher than the BRK-B Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of PRFDX 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.

Drawdowns

PRFDX vs. BRK-B - Drawdown Comparison

The maximum PRFDX drawdown since its inception was -58.12%, 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 PRFDX and BRK-B.

Drawdown Indicators

	PRFDX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-58.12%	-53.86%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-9.42%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	-14.95%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	-26.58%	+8.50%
Max Drawdown (10Y) Largest decline over 10 years	-39.71%	-29.57%	-10.14%
Current Drawdown Current decline from peak	-0.23%	-9.36%	+9.13%
Average Drawdown Average peak-to-trough decline	-6.25%	-11.07%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	4.53%	-2.56%

Volatility

PRFDX vs. BRK-B - Volatility Comparison

The current volatility for T. Rowe Price Equity Income Fund (PRFDX) is 3.56%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.95%. This indicates that PRFDX 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

	PRFDX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	3.95%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	10.78%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	14.38%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	17.12%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	19.44%	-1.57%

Dividends

PRFDX vs. BRK-B - Dividend Comparison

PRFDX's dividend yield for the trailing twelve months is around 2.42%, 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%
PRFDX T. Rowe Price Equity Income Fund	2.42%	2.76%	8.91%	6.19%	6.61%	8.78%	3.55%	12.53%	11.43%	8.97%	7.75%	7.48%

Frequently Asked Questions

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

PRFDX and BRK-B have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRFDX or BRK-B?

BRK-B has higher volatility (3.95%) compared to PRFDX (3.56%). In terms of maximum drawdown, PRFDX dropped -58.12% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

PRFDX currently has the higher Sharpe Ratio (2.11 vs -0.02), 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.