BRK-B vs. URA

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while URA (Global X Uranium ETF) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Over the past 10 years, BRK-B returned 13.14%/yr vs 15.57%/yr for URA. At a 0.34 correlation, their price movements are largely independent.

Performance

BRK-B vs. URA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Global X Uranium ETF (URA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than URA's 7.47% return. Over the past 10 years, BRK-B has underperformed URA with an annualized return of 13.14%, while URA has yielded a comparatively higher 15.57% annualized return.

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%

URA

• 1D: 1.35%
• 1M: -16.78%
• YTD: 7.47%
• 6M: 0.63%
• 1Y: 43.02%
• 3Y*: 33.80%
• 5Y*: 19.23%
• 10Y*: 15.57%

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

BRK-B vs. URA - 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%
URA Global X Uranium ETF	7.47%	67.18%	-0.58%	46.25%	-11.32%	57.57%	41.33%	-3.54%	-22.11%	19.36%

Correlation

The correlation between BRK-B and URA is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 5, 2010	0.34

The correlation between BRK-B and URA shifts across timeframes, from -0.14 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. URA — Risk / Return Rank

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

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

URA

URA Risk / Return Rank: 28
URA Sharpe Ratio Rank: 26
URA Sortino Ratio Rank: 29
URA Omega Ratio Rank: 27
URA Calmar Ratio Rank: 34
URA Martin Ratio Rank: 25

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-B vs. URA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Global X Uranium ETF (URA). 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	URA	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	0.85	-0.94
Sortino ratio: Return per unit of downside risk	-0.03	1.44	-1.47
Omega ratio: Gain probability vs. loss probability	1.00	1.17	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.14	1.52	-1.66
Martin ratio: Return relative to average drawdown	-0.30	3.16	-3.45
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-B vs. URA - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the URA Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of BRK-B and URA, 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-B	URA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	0.85	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.44	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.41	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.07	+0.55

Drawdowns

BRK-B vs. URA - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for BRK-B and URA.

Drawdown Indicators

	BRK-B	URA	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-93.54%	+39.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-28.43%	+19.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-37.81%	+22.86%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-37.90%	+11.32%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-61.45%	+31.88%
Current Drawdown Current decline from peak	-9.78%	-47.89%	+38.11%
Average Drawdown Average peak-to-trough decline	-11.07%	-74.99%	+63.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	13.66%	-9.17%

Volatility

BRK-B vs. URA - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Global X Uranium ETF (URA) has a volatility of 16.85%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	URA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	16.85%	-12.87%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	39.19%	-28.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	51.23%	-36.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	43.83%	-26.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	37.84%	-18.40%

Dividends

BRK-B vs. URA - Dividend Comparison

BRK-B has not paid dividends to shareholders, while URA's dividend yield for the trailing twelve months is around 4.54%.

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%
URA Global X Uranium ETF	4.54%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%

Frequently Asked Questions

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

BRK-B and URA have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRK-B or URA?

URA has higher volatility (16.85%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs URA's -93.54%.

Which has better risk-adjusted returns?

URA currently has the higher Sharpe Ratio (0.85 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.