VLXVX vs. BRK-B

Last updated Jun 6, 2026

VLXVX (Vanguard Target Retirement 2065 Fund) is Diversified Portfolio fund managed by Vanguard, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, VLXVX returned 10.11%/yr vs 10.78%/yr for BRK-B. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

VLXVX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2065 Fund (VLXVX) 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, VLXVX achieves a 11.69% return, which is significantly higher than BRK-B's -2.89% return.

VLXVX

• 1D: 0.29%
• 1M: 2.03%
• YTD: 11.69%
• 6M: 12.27%
• 1Y: 27.67%
• 3Y*: 19.61%
• 5Y*: 10.11%
• 10Y*: —

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)

VLXVX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLXVX Vanguard Target Retirement 2065 Fund	11.69%	21.44%	14.37%	20.40%	-17.41%	16.46%	16.18%	24.97%	-7.94%	7.68%
BRK-B Berkshire Hathaway Inc.	-2.89%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	14.54%

Correlation

The correlation between VLXVX and BRK-B is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 28, 2017	0.59

Over the past year, the correlation between VLXVX and BRK-B has dropped to 0.12 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

VLXVX vs. BRK-B — Risk / Return Rank

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

VLXVX

VLXVX Risk / Return Rank: 70
VLXVX Sharpe Ratio Rank: 72
VLXVX Sortino Ratio Rank: 68
VLXVX Omega Ratio Rank: 67
VLXVX Calmar Ratio Rank: 69
VLXVX Martin Ratio Rank: 76

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2065 Fund (VLXVX) 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.

	VLXVX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.41	-0.01	+2.41
Sortino ratio: Return per unit of downside risk	3.33	0.09	+3.24
Omega ratio: Gain probability vs. loss probability	1.44	1.01	+0.43
Calmar ratio: Return relative to maximum drawdown	3.08	-0.01	+3.09
Martin ratio: Return relative to average drawdown	13.65	-0.03	+13.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLXVX vs. BRK-B - Sharpe Ratio Comparison

The current VLXVX Sharpe Ratio is 2.41, which is higher than the BRK-B Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of VLXVX 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

	VLXVX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	-0.01	+2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.63	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.48	+0.24

Drawdowns

VLXVX vs. BRK-B - Drawdown Comparison

The maximum VLXVX drawdown since its inception was -31.42%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for VLXVX and BRK-B.

Drawdown Indicators

	VLXVX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-31.42%	-53.86%	+22.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-9.42%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.53%	-14.95%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-26.58%	+1.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-0.42%	-9.57%	+9.15%
Average Drawdown Average peak-to-trough decline	-4.98%	-11.07%	+6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	4.47%	-2.46%

Volatility

VLXVX vs. BRK-B - Volatility Comparison

The current volatility for Vanguard Target Retirement 2065 Fund (VLXVX) is 3.39%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.08%. This indicates that VLXVX 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

	VLXVX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	4.08%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	10.87%	-1.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	14.39%	-2.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	17.13%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	19.43%	-3.74%

Dividends

VLXVX vs. BRK-B - Dividend Comparison

VLXVX's dividend yield for the trailing twelve months is around 1.79%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VLXVX Vanguard Target Retirement 2065 Fund	1.79%	2.00%	2.11%	2.06%	2.00%	1.93%	1.60%	1.90%	1.85%	0.78%

Frequently Asked Questions

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

VLXVX and BRK-B have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLXVX or BRK-B?

BRK-B has higher volatility (4.08%) compared to VLXVX (3.39%). In terms of maximum drawdown, VLXVX dropped -31.42% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

VLXVX currently has the higher Sharpe Ratio (2.41 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.