BRK-A vs. NVDY

Last updated Jun 5, 2026

BRK-A (Berkshire Hathaway Inc.) is a stock, while NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past 3 years, BRK-A returned 12.92%/yr vs 55.07%/yr for NVDY. At a 0.01 correlation, their price movements are largely independent.

Performance

BRK-A vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-A) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-A achieves a -4.82% return, which is significantly lower than NVDY's 14.49% return.

BRK-A

• 1D: 0.66%
• 1M: 2.64%
• YTD: -4.82%
• 6M: -4.81%
• 1Y: -2.63%
• 3Y*: 12.92%
• 5Y*: 10.35%
• 10Y*: 12.93%

NVDY

• 1D: 1.27%
• 1M: 7.84%
• YTD: 14.49%
• 6M: 17.01%
• 1Y: 47.85%
• 3Y*: 55.07%
• 5Y*: —
• 10Y*: —

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

BRK-A vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BRK-A Berkshire Hathaway Inc.	-4.82%	10.85%	25.49%	10.07%
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	27.38%	114.23%	42.02%

Correlation

The correlation between BRK-A and NVDY is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.01

The correlation between BRK-A and NVDY shifts across timeframes, from -0.19 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRK-A vs. NVDY — Risk / Return Rank

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

BRK-A

BRK-A Risk / Return Rank: 30
BRK-A Sharpe Ratio Rank: 34
BRK-A Sortino Ratio Rank: 27
BRK-A Omega Ratio Rank: 27
BRK-A Calmar Ratio Rank: 32
BRK-A Martin Ratio Rank: 31

NVDY

NVDY Risk / Return Rank: 56
NVDY Sharpe Ratio Rank: 52
NVDY Sortino Ratio Rank: 48
NVDY Omega Ratio Rank: 48
NVDY Calmar Ratio Rank: 76
NVDY Martin Ratio Rank: 54

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.

BRK-A vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-A) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.

	BRK-A	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.76	-1.95
Sortino ratio: Return per unit of downside risk	-0.17	2.34	-2.50
Omega ratio: Gain probability vs. loss probability	0.98	1.29	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.29	3.75	-4.04
Martin ratio: Return relative to average drawdown	-0.60	9.22	-9.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRK-A vs. NVDY - Sharpe Ratio Comparison

The current BRK-A Sharpe Ratio is -0.19, which is lower than the NVDY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of BRK-A and NVDY, 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

	BRK-A	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	1.76	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.65	-0.83

Drawdowns

BRK-A vs. NVDY - Drawdown Comparison

The maximum BRK-A drawdown since its inception was -51.47%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for BRK-A and NVDY.

Drawdown Indicators

	BRK-A	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-51.47%	-34.08%	-17.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-12.81%	+3.69%
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	-34.08%	+19.65%
Max Drawdown (5Y) Largest decline over 5 years	-25.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.43%	—	—
Current Drawdown Current decline from peak	-11.23%	-5.47%	-5.76%
Average Drawdown Average peak-to-trough decline	-9.52%	-6.15%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	5.21%	-0.82%

Volatility

BRK-A vs. NVDY - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-A) is 3.58%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.43%. This indicates that BRK-A experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-A	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	9.43%	-5.85%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	20.71%	-10.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	27.33%	-13.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	38.22%	-21.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	38.22%	-19.25%

Dividends

BRK-A vs. NVDY - Dividend Comparison

BRK-A has not paid dividends to shareholders, while NVDY's dividend yield for the trailing twelve months is around 62.14%.

Position	TTM	2025	2024	2023
BRK-A Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both BRK-A and NVDY in my portfolio?

BRK-A and NVDY have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRK-A or NVDY?

NVDY has higher volatility (9.43%) compared to BRK-A (3.58%). In terms of maximum drawdown, BRK-A dropped -51.47% vs NVDY's -34.08%.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.76 vs -0.19), 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.