SCHO vs. BRK-B

Last updated Jun 16, 2026

SCHO (Schwab Short-Term U.S. Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SCHO returned 1.71%/yr vs 13.41%/yr for BRK-B. At a correlation of -0.16, they often move in opposite directions.

Performance

SCHO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Short-Term U.S. Treasury ETF (SCHO) 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, SCHO achieves a 0.58% return, which is significantly higher than BRK-B's -1.42% return. Over the past 10 years, SCHO has underperformed BRK-B with an annualized return of 1.71%, while BRK-B has yielded a comparatively higher 13.41% annualized return.

SCHO

• 1D: 0.04%
• 1M: 0.31%
• YTD: 0.58%
• 6M: 0.82%
• 1Y: 3.47%
• 3Y*: 4.27%
• 5Y*: 1.86%
• 10Y*: 1.71%

BRK-B

• 1D: 1.28%
• 1M: 2.66%
• YTD: -1.42%
• 6M: -2.14%
• 1Y: 1.64%
• 3Y*: 13.57%
• 5Y*: 11.85%
• 10Y*: 13.41%

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

SCHO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHO Schwab Short-Term U.S. Treasury ETF	0.58%	5.49%	3.65%	4.31%	-3.87%	-0.64%	3.11%	3.47%	1.37%	0.33%
BRK-B Berkshire Hathaway Inc.	-1.42%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between SCHO 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	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010	-0.16

The correlation between SCHO and BRK-B shifts across timeframes, from -0.16 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SCHO vs. BRK-B — Risk / Return Rank

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

SCHO

SCHO Risk / Return Rank: 89
SCHO Sharpe Ratio Rank: 88
SCHO Sortino Ratio Rank: 93
SCHO Omega Ratio Rank: 90
SCHO Calmar Ratio Rank: 83
SCHO Martin Ratio Rank: 88

BRK-B

BRK-B Risk / Return Rank: 43
BRK-B Sharpe Ratio Rank: 47
BRK-B Sortino Ratio Rank: 37
BRK-B Omega Ratio Rank: 37
BRK-B Calmar Ratio Rank: 47
BRK-B Martin Ratio Rank: 47

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.

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

This table presents a comparison of risk-adjusted performance metrics for Schwab Short-Term U.S. Treasury ETF (SCHO) 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.

	SCHO	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.56	0.11	+2.45
Sortino ratio: Return per unit of downside risk	4.19	0.25	+3.93
Omega ratio: Gain probability vs. loss probability	1.52	1.03	+0.49
Calmar ratio: Return relative to maximum drawdown	4.06	0.17	+3.89
Martin ratio: Return relative to average drawdown	17.10	0.36	+16.74

SCHO vs. BRK-B - Sharpe Ratio Comparison

The current SCHO Sharpe Ratio is 2.56, which is higher than the BRK-B Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of SCHO 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

SCHO vs. BRK-B - Drawdown Comparison

The maximum SCHO drawdown since its inception was -5.69%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SCHO and BRK-B.

Drawdown Indicators

	SCHO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-5.69%	-53.86%	+48.17%
Max Drawdown (1Y) Largest decline over 1 year	-0.86%	-9.42%	+8.56%
Max Drawdown (3Y) Largest decline over 3 years	-0.98%	-14.95%	+13.97%
Max Drawdown (5Y) Largest decline over 5 years	-5.69%	-26.58%	+20.89%
Max Drawdown (10Y) Largest decline over 10 years	-5.69%	-29.57%	+23.88%
Current Drawdown Current decline from peak	-0.10%	-8.20%	+8.10%
Average Drawdown Average peak-to-trough decline	-0.61%	-11.07%	+10.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	4.53%	-4.33%

Volatility

SCHO vs. BRK-B - Volatility Comparison

The current volatility for Schwab Short-Term U.S. Treasury ETF (SCHO) is 0.43%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.12%. This indicates that SCHO 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

	SCHO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	4.12%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	0.93%	10.80%	-9.87%
Volatility (1Y) Calculated over the trailing 1-year period	1.36%	14.45%	-13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.98%	17.13%	-15.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.56%	19.44%	-17.88%

Dividends

SCHO vs. BRK-B - Dividend Comparison

SCHO's dividend yield for the trailing twelve months is around 3.90%, 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%
SCHO Schwab Short-Term U.S. Treasury ETF	3.90%	4.06%	4.29%	3.76%	1.34%	0.41%	1.27%	2.27%	1.60%	1.12%	0.82%	0.68%

Frequently Asked Questions

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

SCHO 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.

Which is riskier, SCHO or BRK-B?

BRK-B has higher volatility (4.12%) compared to SCHO (0.43%). In terms of maximum drawdown, SCHO dropped -5.69% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

SCHO currently has the higher Sharpe Ratio (2.56 vs 0.11), 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.