VAFIX vs. BRK-B

Last updated Aug 4, 2026

VAFIX (Invesco American Franchise Fund Class Y) is Large Cap Growth Equities fund managed by Invesco, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, VAFIX returned 15.19%/yr vs 13.42%/yr for BRK-B. Their 0.48 correlation means their historical movements had little consistent relationship.

Performance

VAFIX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco American Franchise Fund Class Y (VAFIX) 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, VAFIX achieves a 3.93% return, which is significantly higher than BRK-B's 2.09% return. Over the past 10 years, VAFIX has outperformed BRK-B with an annualized return of 15.19%, while BRK-B has yielded a comparatively lower 13.42% annualized return.

VAFIX

• 1D: 1.65%
• 1M: -2.05%
• 6M: 4.37%
• YTD: 3.93%
• 1Y: 8.98%
• 3Y*: 18.83%
• 5Y*: 8.90%
• 10Y*: 15.19%
• ALL TIME*: 11.46%

BRK-B

• 1D: 0.31%
• 1M: 1.06%
• 6M: 5.30%
• YTD: 2.09%
• 1Y: 8.52%
• 3Y*: 13.60%
• 5Y*: 12.98%
• 10Y*: 13.42%
• ALL TIME*: 10.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRK-B Berkshire Hathaway Inc.	$2.09B	$2.04B	$2.40B
VAFIX Invesco American Franchise Fund Class Y	$0.00	$0.00	$0.00

VAFIX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VAFIX Invesco American Franchise Fund Class Y	3.93%	12.12%	35.11%	41.27%	-31.05%	11.47%	42.53%	36.82%	-3.71%	27.38%
BRK-B Berkshire Hathaway Inc.	2.09%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between VAFIX and BRK-B is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.16
Correlation (3Y) Balances recent behavior with more history.	0.12
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (10Y) Provides a long-term view across more market conditions.	0.41
Correlation (All Time) Calculated using the full available price history since Jun 24, 2005	0.48

The correlation between VAFIX and BRK-B shifts across timeframes, from -0.16 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VAFIX vs. BRK-B — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VAFIX

VAFIX Risk / Return Rank: 8
VAFIX Sharpe Ratio Rank: 7
VAFIX Sortino Ratio Rank: 8
VAFIX Omega Ratio Rank: 8
VAFIX Calmar Ratio Rank: 7
VAFIX Martin Ratio Rank: 8

BRK-B

BRK-B Risk / Return Rank: 61
BRK-B Sharpe Ratio Rank: 65
BRK-B Sortino Ratio Rank: 56
BRK-B Omega Ratio Rank: 55
BRK-B Calmar Ratio Rank: 65
BRK-B Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class Y (VAFIX) 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.

	VAFIX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.58	-0.28
Sortino ratio: Return per unit of downside risk	0.56	0.90	-0.34
Omega ratio: Gain probability vs. loss probability	1.07	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	0.35	0.91	-0.56
Martin ratio: Return relative to average drawdown	1.01	1.91	-0.90

VAFIX vs. BRK-B - Sharpe Ratio Comparison

The current VAFIX Sharpe Ratio is 0.30, which is lower than the BRK-B Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of VAFIX 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

VAFIX vs. BRK-B - Drawdown Comparison

The maximum VAFIX drawdown since its inception was -48.20%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for VAFIX and BRK-B.

Drawdown Indicators

	VAFIX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-53.86%	+5.66%
Max Drawdown (1Y) Largest decline over 1 year	-19.21%	-9.42%	-9.79%
Max Drawdown (3Y) Largest decline over 3 years	-27.22%	-14.95%	-12.27%
Max Drawdown (5Y) Largest decline over 5 years	-38.69%	-26.58%	-12.11%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	-29.57%	-9.12%
Current Drawdown Current decline from peak	-5.66%	-4.94%	-0.72%
Average Drawdown Average peak-to-trough decline	-8.12%	-11.06%	+2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.55%	4.49%	+2.06%

Volatility

VAFIX vs. BRK-B - Volatility Comparison

Invesco American Franchise Fund Class Y (VAFIX) has a higher volatility of 8.22% compared to Berkshire Hathaway Inc. (BRK-B) at 4.32%. This indicates that VAFIX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAFIX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	4.32%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	11.11%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	22.44%	14.79%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	17.12%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	19.43%	+3.12%

Dividends

VAFIX vs. BRK-B - Dividend Comparison

VAFIX's dividend yield for the trailing twelve months is around 12.62%, 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%
VAFIX Invesco American Franchise Fund Class Y	12.62%	13.12%	3.52%	0.00%	7.89%	25.28%	8.48%	6.66%	10.16%	5.26%	4.01%	4.84%

Frequently Asked Questions

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

VAFIX and BRK-B have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VAFIX or BRK-B?

VAFIX has higher volatility (8.22%) compared to BRK-B (4.32%). In terms of maximum drawdown, VAFIX dropped -48.20% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (0.58 vs 0.30), 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.