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USLV.L vs. BRK-B
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USLV.L vs. BRK-B

Last updated Jun 5, 2026

USLV.L (SPDR S&P 500 Low Volatility UCITS ETF) is S&P 500 fund tracking the S&P 500 Low Volatility Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, USLV.L returned 8.39%/yr vs 13.78%/yr for BRK-B. At a 0.44 correlation, their price movements are largely independent.

Performance

USLV.L vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

USLV.L is traded in GBP, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, USLV.L achieves a 1.11% return, which is significantly higher than BRK-B's -4.39% return. Over the past 10 years, USLV.L has underperformed BRK-B with an annualized return of 8.39%, while BRK-B has yielded a comparatively higher 13.78% annualized return.

USLV.L

1D
-0.07%
1M
-1.11%
YTD
1.11%
6M
0.76%
1Y
1.27%
3Y*
4.40%
5Y*
6.11%
10Y*
8.39%

BRK-B

1D
0.69%
1M
3.76%
YTD
-4.39%
6M
-5.55%
1Y
-1.57%
3Y*
10.51%
5Y*
11.54%
10Y*
13.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USLV.L vs. BRK-B - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USLV.L
SPDR S&P 500 Low Volatility UCITS ETF		1.11%-2.67%15.49%-6.05%6.92%26.04%-5.76%22.99%4.45%6.15%
BRK-B
Berkshire Hathaway Inc.		-4.39%2.99%29.31%9.69%15.59%30.17%-0.64%6.71%9.11%11.10%

Correlation

The correlation between USLV.L and BRK-B is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2012

0.44

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 500 Low Volatility UCITS ETF

Berkshire Hathaway Inc.

Often compared with USLV.L:
USLV.L vs. SCHDUSLV.L vs. SPYUSLV.L vs. VOOUSLV.L vs. IUIT.LUSLV.L vs. SCHXUSLV.L vs. ^SP500TRUSLV.L vs. GDXU
Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT

Return for Risk

USLV.L vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USLV.L
USLV.L Risk / Return Rank: 1111
Overall Rank
USLV.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
USLV.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
USLV.L Omega Ratio Rank: 1010
Omega Ratio Rank
USLV.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
USLV.L Martin Ratio Rank: 1111
Martin Ratio Rank
BRK-B
BRK-B Risk / Return Rank: 3131
Overall Rank
BRK-B Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 2828
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 2727
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 3333
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 3232
Martin Ratio Rank
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.

USLV.L vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) 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.

USLV.LBRK-BDifference
Sharpe ratioReturn per unit of total volatility
0.12
-0.10

+0.23

Sortino ratioReturn per unit of downside risk
0.25
-0.04

+0.29

Omega ratioGain probability vs. loss probability

1.03

1.00

+0.03

Calmar ratioReturn relative to maximum drawdown

0.16

-0.13

+0.29

Martin ratioReturn relative to average drawdown

0.40

-0.29

+0.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USLV.L vs. BRK-B - Sharpe Ratio Comparison

The current USLV.L Sharpe Ratio is 0.12, which is higher than the BRK-B Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of USLV.L 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.

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Sharpe Ratios by Period

USLV.LBRK-BDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.12

-0.10

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.69

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.70

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.59

+0.19

Drawdowns

USLV.L vs. BRK-B - Drawdown Comparison

The maximum USLV.L drawdown since its inception was -27.37%, smaller than the maximum BRK-B drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for USLV.L and BRK-B.

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Drawdown Indicators

USLV.LBRK-BDifference

Max Drawdown

Largest peak-to-trough decline

-27.37%

-37.92%

+10.55%

Max Drawdown (1Y)

Largest decline over 1 year

-7.96%

-11.88%

+3.92%

Max Drawdown (3Y)

Largest decline over 3 years

-10.71%

-17.26%

+6.55%

Max Drawdown (5Y)

Largest decline over 5 years

-14.56%

-20.84%

+6.28%

Max Drawdown (10Y)

Largest decline over 10 years

-27.37%

-21.44%

-5.93%

Current Drawdown

Current decline from peak

-7.23%

-13.90%

+6.67%

Average Drawdown

Average peak-to-trough decline

-5.16%

-7.39%

+2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

5.50%

-2.37%

Volatility

USLV.L vs. BRK-B - Volatility Comparison

SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and Berkshire Hathaway Inc. (BRK-B) have volatilities of 3.76% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USLV.LBRK-BDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

3.86%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

8.01%

11.95%

-3.94%

Volatility (1Y)

Calculated over the trailing 1-year period

10.34%

15.41%

-5.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.11%

16.90%

-4.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.00%

19.85%

-5.85%

Dividends

USLV.L vs. BRK-B - Dividend Comparison

Neither USLV.L nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

USLV.L and BRK-B have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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