SCHD vs. BRK-B

Last updated Jun 6, 2026

SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SCHD returned 12.64%/yr vs 13.19%/yr for BRK-B. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

SCHD vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) 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, SCHD achieves a 18.75% return, which is significantly higher than BRK-B's -2.89% return. Both investments have delivered pretty close results over the past 10 years, with SCHD having a 12.64% annualized return and BRK-B not far ahead at 13.19%.

SCHD

• 1D: -0.89%
• 1M: 2.02%
• YTD: 18.75%
• 6M: 18.75%
• 1Y: 27.90%
• 3Y*: 15.14%
• 5Y*: 8.31%
• 10Y*: 12.64%

BRK-B

• 1D: 1.98%
• 1M: 3.90%
• YTD: -2.89%
• 6M: -3.21%
• 1Y: -0.12%
• 3Y*: 13.55%
• 5Y*: 10.78%
• 10Y*: 13.19%

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

SCHD vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHD Schwab U.S. Dividend Equity ETF	18.75%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between SCHD and BRK-B is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.72

Over the past year, the correlation between SCHD and BRK-B has dropped to 0.37 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

SCHD vs. BRK-B — Risk / Return Rank

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

SCHD

SCHD Risk / Return Rank: 83
SCHD Sharpe Ratio Rank: 80
SCHD Sortino Ratio Rank: 88
SCHD Omega Ratio Rank: 78
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 78

BRK-B

BRK-B Risk / Return Rank: 38
BRK-B Sharpe Ratio Rank: 41
BRK-B Sortino Ratio Rank: 33
BRK-B Omega Ratio Rank: 32
BRK-B Calmar Ratio Rank: 41
BRK-B Martin Ratio Rank: 41

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.

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

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) 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.

	SCHD	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.55	-0.01	+2.56
Sortino ratio: Return per unit of downside risk	3.94	0.09	+3.85
Omega ratio: Gain probability vs. loss probability	1.46	1.01	+0.45
Calmar ratio: Return relative to maximum drawdown	6.07	-0.01	+6.09
Martin ratio: Return relative to average drawdown	14.90	-0.03	+14.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHD vs. BRK-B - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.55, which is higher than the BRK-B Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of SCHD 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

	SCHD	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	-0.01	+2.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.63	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.68	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.48	+0.38

Drawdowns

SCHD vs. BRK-B - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SCHD and BRK-B.

Drawdown Indicators

	SCHD	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-53.86%	+20.49%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-9.42%	+4.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-14.95%	-1.18%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-26.58%	+9.73%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-29.57%	-3.80%
Current Drawdown Current decline from peak	-1.61%	-9.57%	+7.96%
Average Drawdown Average peak-to-trough decline	-3.32%	-11.07%	+7.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	4.47%	-2.59%

Volatility

SCHD vs. BRK-B - Volatility Comparison

The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 2.87%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that SCHD 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

	SCHD	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	4.08%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	10.87%	-3.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	14.39%	-3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	17.13%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	19.43%	-2.71%

Dividends

SCHD vs. BRK-B - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.27%, 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%
SCHD Schwab U.S. Dividend Equity ETF	3.27%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

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

SCHD and BRK-B have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHD or BRK-B?

BRK-B has higher volatility (4.08%) compared to SCHD (2.87%). In terms of maximum drawdown, SCHD dropped -33.37% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.55 vs -0.01), 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.