PSH vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM Short Duration High Yield ETF (PSH) and Berkshire Hathaway Inc. (BRK-B).

PSH is an actively managed fund by PGIM. It was launched on Dec 14, 2023.

Performance

PSH vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Short Duration High Yield ETF (PSH) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

PSH vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSH PGIM Short Duration High Yield ETF	0.76%	7.34%	7.96%	0.38%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	-1.42%

Returns By Period

In the year-to-date period, PSH achieves a 0.76% return, which is significantly higher than BRK-B's -4.80% return.

PSH

• 1D: 0.35%
• 1M: 0.20%
• YTD: 0.76%
• 6M: 1.82%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: -0.15%
• 1M: -0.35%
• YTD: -4.80%
• 6M: -3.95%
• 1Y: -10.22%
• 3Y*: 15.72%
• 5Y*: 13.13%
• 10Y*: 12.78%

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

Return for Risk

PSH vs. BRK-B — Risk / Return Rank

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

PSH

PSH Risk / Return Rank: 85
PSH Sharpe Ratio Rank: 83
PSH Sortino Ratio Rank: 88
PSH Omega Ratio Rank: 90
PSH Calmar Ratio Rank: 79
PSH Martin Ratio Rank: 86

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 16
BRK-B Sortino Ratio Rank: 16
BRK-B Omega Ratio Rank: 16
BRK-B Calmar Ratio Rank: 17
BRK-B Martin Ratio Rank: 19

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.

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

This table presents a comparison of risk-adjusted performance metrics for PGIM Short Duration High Yield ETF (PSH) 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.

	PSH	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.68	-0.56	+2.24
Sortino ratio Return per unit of downside risk	2.54	-0.65	+3.18
Omega ratio Gain probability vs. loss probability	1.40	0.91	+0.49
Calmar ratio Return relative to maximum drawdown	2.34	-0.68	+3.02
Martin ratio Return relative to average drawdown	10.93	-1.16	+12.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSH vs. BRK-B - Sharpe Ratio Comparison

The current PSH Sharpe Ratio is 1.68, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of PSH and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSH	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	-0.56	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.20	0.48	+1.72

Correlation

The correlation between PSH and BRK-B is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PSH vs. BRK-B - Dividend Comparison

PSH's dividend yield for the trailing twelve months is around 6.98%, while BRK-B has not paid dividends to shareholders.

	TTM	2025	2024
PSH PGIM Short Duration High Yield ETF	6.98%	6.62%	8.35%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%

Drawdowns

PSH vs. BRK-B - Drawdown Comparison

The maximum PSH drawdown since its inception was -3.06%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for PSH and BRK-B.

Drawdown Indicators

	PSH	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-3.06%	-53.86%	+50.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-14.95%	+12.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	0.00%	-11.36%	+11.36%
Average Drawdown Average peak-to-trough decline	-0.27%	-11.07%	+10.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	8.72%	-8.11%

Volatility

PSH vs. BRK-B - Volatility Comparison

The current volatility for PGIM Short Duration High Yield ETF (PSH) is 1.59%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.33%. This indicates that PSH 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

	PSH	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	4.33%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	2.00%	11.14%	-9.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	18.30%	-14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	17.20%	-13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	19.45%	-16.15%