DKNG vs. BRK-B
DKNG (DraftKings Inc.) and BRK-B (Berkshire Hathaway Inc.) are both stocks. DKNG operates in Gambling (Consumer Cyclical), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 5 years, DKNG returned -13.33%/yr vs 12.87%/yr for BRK-B. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
DKNG vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, DKNG achieves a -31.17% return, which is significantly lower than BRK-B's 1.40% return.
DKNG
- 1D
- -3.38%
- 1M
- -6.10%
- 6M
- -20.77%
- YTD
- -31.17%
- 1Y
- -48.15%
- 3Y*
- -9.29%
- 5Y*
- -13.33%
- 10Y*
- —
- ALL TIME*
- 2.36%
BRK-B
- 1D
- 0.10%
- 1M
- 1.86%
- 6M
- 6.90%
- YTD
- 1.40%
- 1Y
- 7.08%
- 3Y*
- 13.14%
- 5Y*
- 12.87%
- 10Y*
- 13.48%
- ALL TIME*
- 10.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.11B | $2.04B | $2.42B | |
DKNG DraftKings Inc. | $267.10M | $265.80M | $318.91M |
DKNG vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DKNG DraftKings Inc. | -31.17% | -7.37% | 5.53% | 209.48% | -58.54% | -41.00% | 127.19% |
BRK-B Berkshire Hathaway Inc. | 1.40% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 24.91% |
Correlation
The correlation between DKNG and BRK-B is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.21 |
The correlation between DKNG and BRK-B shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DKNG:
$11.77B
BRK-B:
$1.10T
DKNG:
$0.17
BRK-B:
$33.62
DKNG:
143.12
BRK-B:
15.16
DKNG:
1.33
BRK-B:
2.93
DKNG:
$6.29B
BRK-B:
$375.39B
DKNG:
$2.63B
BRK-B:
$94.36B
DKNG:
$319.39M
BRK-B:
$71.92B
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Return for Risk
DKNG vs. BRK-B — Risk / Return Rank
DKNG
BRK-B
DKNG vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DraftKings Inc. (DKNG) 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.
| DKNG | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.09 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.75 | -1.60 |
| Martin ratioReturn relative to average drawdown | -1.23 | 1.58 | -2.81 |
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Drawdowns
DKNG vs. BRK-B - Drawdown Comparison
The maximum DKNG drawdown since its inception was -85.73%, 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 DKNG and BRK-B.
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Drawdown Indicators
| DKNG | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.73% | -53.86% | -31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -57.04% | -9.42% | -47.62% |
Max Drawdown (3Y)Largest decline over 3 years | -61.26% | -14.95% | -46.31% |
Max Drawdown (5Y)Largest decline over 5 years | -83.87% | -26.58% | -57.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -67.05% | -5.58% | -61.47% |
Average DrawdownAverage peak-to-trough decline | -49.27% | -11.06% | -38.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.27% | 4.49% | +34.78% |
Volatility
DKNG vs. BRK-B - Volatility Comparison
DraftKings Inc. (DKNG) has a higher volatility of 11.09% compared to Berkshire Hathaway Inc. (BRK-B) at 4.59%. This indicates that DKNG'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.
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Volatility by Period
| DKNG | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 4.59% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 38.99% | 11.15% | +27.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.27% | 14.78% | +35.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.57% | 17.13% | +44.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.16% | 19.42% | +43.74% |
Dividends
DKNG vs. BRK-B - Dividend Comparison
Neither DKNG nor BRK-B has paid dividends to shareholders.
Financials
DKNG vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between DraftKings Inc. and Berkshire Hathaway Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DKNG vs. BRK-B - Profitability Comparison
DKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DraftKings Inc. reported a gross profit of 696.69M and revenue of 1.65B. Therefore, the gross margin over that period was 42.3%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported a gross profit of 26.98B and revenue of 93.68B. Therefore, the gross margin over that period was 28.8%.
DKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DraftKings Inc. reported an operating income of 5.85M and revenue of 1.65B, resulting in an operating margin of 0.4%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
DKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DraftKings Inc. reported a net income of 21.07M and revenue of 1.65B, resulting in a net margin of 1.3%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Berkshire Hathaway Inc. reported a net income of 10.18B and revenue of 93.68B, resulting in a net margin of 10.9%.
Frequently Asked Questions
DKNG and BRK-B have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DKNG has higher volatility (11.09%) compared to BRK-B (4.59%). In terms of maximum drawdown, DKNG dropped -85.73% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.48 vs -0.97), 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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