BRK.B vs SPYV: Correlation
Measured on weekly returns over the past three years, Berkshire Hathaway (BRK.B) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRK.B and SPYV?
Over the past 3 years, BRK.B and SPYV moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 112.8 %².
Within BRK.B's tracked universe of 31 assets, SPYV comes in at #12 by 3-year correlation. The last year tells two different stories: SPYV led by 16.9 percentage points, +1.6% for BRK.B against +18.5% for SPYV. On a rolling one-year basis the correlation drifted between 0.44 and 0.77, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BRK.B vs SPYV: side by side
| BRK.B (Berkshire Hathaway) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +1.6% | +18.5% |
| 5-year return | +76.3% | +73.5% |
| Volatility (ann.) | 15.9% | 12.1% |
| Beta vs S&P 500 | 0.43 | 0.70 |
| Max drawdown (3Y) | -14.9% | -17.5% |
| Market cap | $1,078.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Financials | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | BRK.B | SPYV |
|---|---|---|
| 2022 | +3.3% | -5.3% |
| 2023 | +15.5% | +22.2% |
| 2024 | +27.1% | +12.2% |
| 2025 | +10.9% | +13.2% |
| 2026 | +0.2% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRK.B and SPYV good diversifiers for each other?
Only partially. A correlation of 0.58 means BRK.B and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BRK.B and SPYV?
As of 2026-08-27, the correlation of weekly returns between BRK.B and SPYV is 0.58 over 3 years, 0.40 over 1 year and 0.70 over 5 years.
Is SPYV a good diversifier for BRK.B?
Only partially. A correlation of 0.58 means BRK.B and SPYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Hubs: BRK.B correlations · SPYV correlations
