VWO vs. BRK-B

Last updated Jun 13, 2026

VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, VWO returned 9.00%/yr vs 13.22%/yr for BRK-B. At a 0.43 correlation, their price movements are largely independent.

Performance

VWO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets ETF (VWO) 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, VWO achieves a 10.77% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, VWO has underperformed BRK-B with an annualized return of 9.00%, while BRK-B has yielded a comparatively higher 13.22% annualized return.

VWO

• 1D: 0.76%
• 1M: -0.65%
• YTD: 10.77%
• 6M: 12.57%
• 1Y: 24.61%
• 3Y*: 16.61%
• 5Y*: 5.03%
• 10Y*: 9.00%

BRK-B

• 1D: 0.71%
• 1M: 0.77%
• YTD: -2.67%
• 6M: -2.06%
• 1Y: -0.22%
• 3Y*: 13.30%
• 5Y*: 11.27%
• 10Y*: 13.22%

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

VWO vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWO Vanguard FTSE Emerging Markets ETF	10.77%	25.60%	10.59%	9.25%	-17.98%	1.26%	15.17%	20.75%	-14.76%	31.49%
BRK-B Berkshire Hathaway Inc.	-2.67%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between VWO and BRK-B is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005	0.43

The correlation between VWO and BRK-B shifts across timeframes, from -0.01 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VWO vs. BRK-B — Risk / Return Rank

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

VWO

VWO Risk / Return Rank: 50
VWO Sharpe Ratio Rank: 49
VWO Sortino Ratio Rank: 47
VWO Omega Ratio Rank: 51
VWO Calmar Ratio Rank: 50
VWO Martin Ratio Rank: 52

BRK-B

BRK-B Risk / Return Rank: 39
BRK-B Sharpe Ratio Rank: 42
BRK-B Sortino Ratio Rank: 34
BRK-B Omega Ratio Rank: 33
BRK-B Calmar Ratio Rank: 42
BRK-B Martin Ratio Rank: 42

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) 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.

	VWO	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.49	-0.02	+1.51
Sortino ratio: Return per unit of downside risk	2.10	0.08	+2.02
Omega ratio: Gain probability vs. loss probability	1.28	1.01	+0.27
Calmar ratio: Return relative to maximum drawdown	2.21	-0.02	+2.24
Martin ratio: Return relative to average drawdown	7.80	-0.05	+7.85

VWO vs. BRK-B - Sharpe Ratio Comparison

The current VWO Sharpe Ratio is 1.49, which is higher than the BRK-B Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of VWO 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

VWO vs. BRK-B - Drawdown Comparison

The maximum VWO drawdown since its inception was -67.68%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for VWO and BRK-B.

Drawdown Indicators

	VWO	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-67.68%	-53.86%	-13.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-9.42%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.37%	-14.95%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	-32.60%	-26.58%	-6.02%
Max Drawdown (10Y) Largest decline over 10 years	-36.39%	-29.57%	-6.82%
Current Drawdown Current decline from peak	-2.68%	-9.36%	+6.68%
Average Drawdown Average peak-to-trough decline	-15.80%	-11.07%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	4.53%	-1.36%

Volatility

VWO vs. BRK-B - Volatility Comparison

Vanguard FTSE Emerging Markets ETF (VWO) has a higher volatility of 6.64% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that VWO'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

	VWO	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	3.95%	+2.69%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	10.78%	+3.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	14.38%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	17.12%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	19.44%	-0.22%

Dividends

VWO vs. BRK-B - Dividend Comparison

VWO's dividend yield for the trailing twelve months is around 2.44%, 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%
VWO Vanguard FTSE Emerging Markets ETF	2.44%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

Frequently Asked Questions

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

VWO and BRK-B have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWO or BRK-B?

VWO has higher volatility (6.64%) compared to BRK-B (3.95%). In terms of maximum drawdown, VWO dropped -67.68% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

VWO currently has the higher Sharpe Ratio (1.49 vs -0.02), 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.