PRVAX vs. BRK-B
PRVAX (T. Rowe Virginia Tax Free Bond Fund) is Municipal Bonds fund managed by T. Rowe Price, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, PRVAX returned 2.22%/yr vs 12.93%/yr for BRK-B. At a correlation of -0.06, they often move in opposite directions.
Performance
PRVAX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, PRVAX achieves a 2.11% return, which is significantly higher than BRK-B's -4.78% return. Over the past 10 years, PRVAX has underperformed BRK-B with an annualized return of 2.22%, while BRK-B has yielded a comparatively higher 12.93% annualized return.
PRVAX
- 1D
- 0.00%
- 1M
- 0.82%
- YTD
- 2.11%
- 6M
- 2.80%
- 1Y
- 9.36%
- 3Y*
- 4.77%
- 5Y*
- 1.20%
- 10Y*
- 2.22%
BRK-B
- 1D
- 0.69%
- 1M
- 2.82%
- YTD
- -4.78%
- 6M
- -4.89%
- 1Y
- -2.52%
- 3Y*
- 13.36%
- 5Y*
- 10.35%
- 10Y*
- 12.93%
PRVAX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRVAX T. Rowe Virginia Tax Free Bond Fund | 2.11% | 4.32% | 3.35% | 7.10% | -10.90% | 2.37% | 5.25% | 6.66% | 0.72% | 4.71% |
BRK-B Berkshire Hathaway Inc. | -4.78% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between PRVAX and BRK-B is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 10, 1996 | -0.06 |
The correlation between PRVAX and BRK-B shifts across timeframes, from -0.06 (10 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRVAX vs. BRK-B — Risk / Return Rank
PRVAX
BRK-B
PRVAX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Virginia Tax Free Bond Fund (PRVAX) 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.
| PRVAX | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +5.29 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 0.98 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | -0.27 | +3.80 |
| Martin ratioReturn relative to average drawdown | 12.37 | -0.57 | +12.94 |
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
| PRVAX | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | -0.18 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.61 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.67 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.48 | +0.72 |
Drawdowns
PRVAX vs. BRK-B - Drawdown Comparison
The maximum PRVAX drawdown since its inception was -15.93%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for PRVAX and BRK-B.
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Drawdown Indicators
| PRVAX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.93% | -53.86% | +37.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.42% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -6.95% | -14.95% | +8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -26.58% | +10.65% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -29.57% | +13.64% |
Current DrawdownCurrent decline from peak | -0.05% | -11.33% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -11.07% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 4.46% | -3.66% |
Volatility
PRVAX vs. BRK-B - Volatility Comparison
The current volatility for T. Rowe Virginia Tax Free Bond Fund (PRVAX) is 1.23%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.72%. This indicates that PRVAX 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.
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Volatility by Period
| PRVAX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 3.72% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 10.70% | -8.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 14.32% | -11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 17.11% | -12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 19.43% | -15.24% |
Dividends
PRVAX vs. BRK-B - Dividend Comparison
PRVAX's dividend yield for the trailing twelve months is around 4.41%, 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% |
PRVAX T. Rowe Virginia Tax Free Bond Fund | 4.41% | 4.42% | 4.00% | 3.41% | 2.04% | 2.26% | 2.47% | 2.82% | 3.16% | 3.16% | 3.22% | 3.40% |
Frequently Asked Questions
PRVAX and BRK-B have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (3.72%) compared to PRVAX (1.23%). In terms of maximum drawdown, PRVAX dropped -15.93% vs BRK-B's -53.86%.
PRVAX currently has the higher Sharpe Ratio (3.26 vs -0.18), 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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