DUKE.L vs. BRK-B
DUKE.L (Duke Royalty Ltd) and BRK-B (Berkshire Hathaway Inc.) are both stocks. Both are in the Financial Services sector — DUKE.L in Asset Management, BRK-B in Insurance - Diversified. Over the past 10 years, DUKE.L returned 1.65%/yr vs 12.73%/yr for BRK-B. At a 0.02 correlation, their price movements are largely independent.
Performance
DUKE.L vs. BRK-B - Performance Comparison
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Different Trading Currencies
DUKE.L is traded in GBp, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DUKE.L achieves a 4.50% return, which is significantly higher than BRK-B's -1.98% return. Over the past 10 years, DUKE.L has underperformed BRK-B with an annualized return of 1.65%, while BRK-B has yielded a comparatively higher 12.73% annualized return.
DUKE.L
- 1D
- 0.00%
- 1M
- 1.71%
- 6M
- 5.47%
- YTD
- 4.50%
- 1Y
- -2.83%
- 3Y*
- 1.19%
- 5Y*
- 1.34%
- 10Y*
- 1.65%
- ALL TIME*
- -18.16%
BRK-B
- 1D
- 0.22%
- 1M
- -1.31%
- 6M
- -0.84%
- YTD
- -1.98%
- 1Y
- 3.59%
- 3Y*
- 10.78%
- 5Y*
- 12.37%
- 10Y*
- 12.73%
- ALL TIME*
- 12.54%
DUKE.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUKE.L Duke Royalty Ltd | 4.50% | -2.75% | 0.63% | 5.76% | -13.32% | 48.18% | -31.09% | 22.80% | 19.60% | -13.56% |
BRK-B Berkshire Hathaway Inc. | -1.98% | 2.99% | 29.31% | 9.69% | 15.59% | 30.17% | -0.64% | 6.71% | 9.11% | 11.10% |
Correlation
The correlation between DUKE.L and BRK-B is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012 | 0.02 |
Fundamentals
DUKE.L:
£134.69M
BRK-B:
$1.06T
DUKE.L:
£0.03
BRK-B:
$33.62
DUKE.L:
10.48
BRK-B:
14.61
DUKE.L:
0.17
BRK-B:
0.57
DUKE.L:
3.12
BRK-B:
2.82
DUKE.L:
0.79
BRK-B:
1.46
DUKE.L:
£43.66M
BRK-B:
$375.39B
DUKE.L:
£34.79M
BRK-B:
$94.36B
DUKE.L:
£31.33M
BRK-B:
$71.92B
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Return for Risk
DUKE.L vs. BRK-B — Risk / Return Rank
DUKE.L
BRK-B
DUKE.L vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Duke Royalty Ltd (DUKE.L) 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.
| DUKE.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.30 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.34 | 0.64 | -0.97 |
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Drawdowns
DUKE.L vs. BRK-B - Drawdown Comparison
The maximum DUKE.L drawdown since its inception was -98.28%, which is greater than BRK-B's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for DUKE.L and BRK-B.
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Drawdown Indicators
| DUKE.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.28% | -37.92% | -60.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -11.88% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -20.46% | -17.26% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -20.84% | -14.58% |
Max Drawdown (10Y)Largest decline over 10 years | -64.54% | -21.44% | -43.10% |
Current DrawdownCurrent decline from peak | -95.39% | -11.73% | -83.66% |
Average DrawdownAverage peak-to-trough decline | -89.99% | -7.44% | -82.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 5.66% | +0.96% |
Volatility
DUKE.L vs. BRK-B - Volatility Comparison
Duke Royalty Ltd (DUKE.L) has a higher volatility of 6.77% compared to Berkshire Hathaway Inc. (BRK-B) at 5.16%. This indicates that DUKE.L'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
| DUKE.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 5.16% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 12.51% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.56% | 16.06% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 16.95% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.32% | 19.76% | +11.56% |
Dividends
DUKE.L vs. BRK-B - Dividend Comparison
DUKE.L's dividend yield for the trailing twelve months is around 10.47%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DUKE.L Duke Royalty Ltd | 10.47% | 10.37% | 9.15% | 8.42% | 8.18% | 5.26% | 4.00% | 6.00% | 6.43% | 4.01% |
Financials
DUKE.L vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Duke Royalty Ltd 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
DUKE.L vs. BRK-B - Profitability Comparison
DUKE.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Duke Royalty Ltd reported a gross profit of 14.56M and revenue of 14.74M. Therefore, the gross margin over that period was 98.8%.
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%.
DUKE.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Duke Royalty Ltd reported an operating income of 11.45M and revenue of 14.74M, resulting in an operating margin of 77.7%.
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%.
DUKE.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Duke Royalty Ltd reported a net income of 6.24M and revenue of 14.74M, resulting in a net margin of 42.3%.
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
DUKE.L and BRK-B have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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