BRK-B vs. NLR
BRK-B (Berkshire Hathaway Inc.) is a stock, while NLR (VanEck Uranium and Nuclear ETF) is Alternative Energy Equities fund tracking the MVIS Global Uranium & Nuclear Energy Index. Over the past 10 years, BRK-B returned 13.14%/yr vs 12.72%/yr for NLR. At a 0.40 correlation, their price movements are largely independent.
Performance
BRK-B vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than NLR's -0.79% return. Both investments have delivered pretty close results over the past 10 years, with BRK-B having a 13.14% annualized return and NLR not far behind at 12.72%.
BRK-B
- 1D
- -0.23%
- 1M
- 2.32%
- YTD
- -3.11%
- 6M
- -2.06%
- 1Y
- -1.32%
- 3Y*
- 13.25%
- 5Y*
- 11.03%
- 10Y*
- 13.14%
NLR
- 1D
- 0.91%
- 1M
- -12.54%
- YTD
- -0.79%
- 6M
- -6.08%
- 1Y
- 26.72%
- 3Y*
- 31.16%
- 5Y*
- 20.16%
- 10Y*
- 12.72%
BRK-B vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | -3.11% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
NLR VanEck Uranium and Nuclear ETF | -0.79% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | 4.94% | 8.25% |
Correlation
The correlation between BRK-B and NLR is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2007 | 0.40 |
The correlation between BRK-B and NLR shifts across timeframes, from -0.12 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. NLR — Risk / Return Rank
BRK-B
NLR
BRK-B vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and VanEck Uranium and Nuclear ETF (NLR). 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-B | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.04 | -1.18 |
| Martin ratioReturn relative to average drawdown | -0.30 | 2.08 | -2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRK-B | NLR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.63 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.53 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.16 | +0.32 |
Drawdowns
BRK-B vs. NLR - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for BRK-B and NLR.
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Drawdown Indicators
| BRK-B | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -65.05% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -25.80% | +16.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -30.48% | +15.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -30.48% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -34.35% | +4.78% |
Current DrawdownCurrent decline from peak | -9.78% | -25.03% | +15.25% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -35.71% | +24.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 12.87% | -8.38% |
Volatility
BRK-B vs. NLR - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 13.36%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 13.36% | -9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 33.24% | -22.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 42.96% | -28.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 29.43% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 24.14% | -4.70% |
Dividends
BRK-B vs. NLR - Dividend Comparison
BRK-B has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.57%.
| 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% |
NLR VanEck Uranium and Nuclear ETF | 2.57% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
BRK-B and NLR 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.
NLR has higher volatility (13.36%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs NLR's -65.05%.
NLR currently has the higher Sharpe Ratio (0.63 vs -0.09), 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.
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