NG vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about NovaGold Resources Inc. (NG) and Berkshire Hathaway Inc. (BRK-B).

Performance

NG vs. BRK-B - Performance Comparison

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

NG vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NG NovaGold Resources Inc.	0.43%	179.88%	-10.96%	-37.46%	-12.83%	-29.06%	7.92%	126.84%	0.51%	-13.82%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Fundamentals

Market Cap NG : $3.89B BRK-B : $1.03T
EPS NG : -$0.26 BRK-B : $31.03
Total Revenue (TTM) NG : $0.00 BRK-B : $371.37B
Gross Profit (TTM) NG : -$19.45K BRK-B : $116.89B
EBITDA (TTM) NG : -$56.72M BRK-B : $87.30B

Returns By Period

In the year-to-date period, NG achieves a 0.43% return, which is significantly higher than BRK-B's -4.80% return. Over the past 10 years, NG has underperformed BRK-B with an annualized return of 6.14%, while BRK-B has yielded a comparatively higher 12.78% annualized return.

NG

• 1D: 4.23%
• 1M: -34.08%
• YTD: 0.43%
• 6M: -7.51%
• 1Y: 214.09%
• 3Y*: 14.59%
• 5Y*: 0.11%
• 10Y*: 6.14%

BRK-B

• 1D: -0.15%
• 1M: -0.35%
• YTD: -4.80%
• 6M: -3.95%
• 1Y: -10.22%
• 3Y*: 15.72%
• 5Y*: 13.13%
• 10Y*: 12.78%

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

Return for Risk

NG vs. BRK-B — Risk / Return Rank

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

NG

NG Risk / Return Rank: 92
NG Sharpe Ratio Rank: 94
NG Sortino Ratio Rank: 91
NG Omega Ratio Rank: 90
NG Calmar Ratio Rank: 93
NG Martin Ratio Rank: 93

BRK-B

BRK-B Risk / Return Rank: 17
BRK-B Sharpe Ratio Rank: 16
BRK-B Sortino Ratio Rank: 16
BRK-B Omega Ratio Rank: 16
BRK-B Calmar Ratio Rank: 17
BRK-B Martin Ratio Rank: 19

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.

NG vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaGold Resources Inc. (NG) 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.

	NG	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	2.49	-0.56	+3.05
Sortino ratio Return per unit of downside risk	3.00	-0.65	+3.65
Omega ratio Gain probability vs. loss probability	1.41	0.91	+0.49
Calmar ratio Return relative to maximum drawdown	4.84	-0.68	+5.52
Martin ratio Return relative to average drawdown	13.71	-1.16	+14.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NG vs. BRK-B - Sharpe Ratio Comparison

The current NG Sharpe Ratio is 2.49, which is higher than the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of NG and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NG	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	-0.56	+3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.77	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.66	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.48	-0.43

Correlation

The correlation between NG and BRK-B is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NG vs. BRK-B - Dividend Comparison

Neither NG nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NG vs. BRK-B - Drawdown Comparison

The maximum NG drawdown since its inception was -97.85%, 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 NG and BRK-B.

Drawdown Indicators

	NG	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-97.85%	-53.86%	-43.99%
Max Drawdown (1Y) Largest decline over 1 year	-45.56%	-14.95%	-30.61%
Max Drawdown (5Y) Largest decline over 5 years	-77.95%	-26.58%	-51.37%
Max Drawdown (10Y) Largest decline over 10 years	-81.22%	-29.57%	-51.65%
Current Drawdown Current decline from peak	-45.21%	-11.36%	-33.85%
Average Drawdown Average peak-to-trough decline	-58.11%	-11.07%	-47.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.08%	8.72%	+7.36%

Volatility

NG vs. BRK-B - Volatility Comparison

NovaGold Resources Inc. (NG) has a higher volatility of 24.85% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that NG'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.

Volatility by Period

	NG	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.85%	4.33%	+20.52%
Volatility (6M) Calculated over the trailing 6-month period	60.48%	11.14%	+49.34%
Volatility (1Y) Calculated over the trailing 1-year period	86.60%	18.30%	+68.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.47%	17.20%	+41.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.58%	19.45%	+36.13%

Financials