NOK vs. BRK-B
NOK (Nokia Corporation) and BRK-B (Berkshire Hathaway Inc.) are both stocks. NOK operates in Communication Equipment (Technology), while BRK-B operates in Insurance - Diversified (Financial Services). Over the past 10 years, NOK returned 13.24%/yr vs 13.22%/yr for BRK-B. At a 0.30 correlation, their price movements are largely independent.
Performance
NOK vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, NOK achieves a 130.99% return, which is significantly higher than BRK-B's -2.67% return. Both investments have delivered pretty close results over the past 10 years, with NOK having a 13.24% annualized return and BRK-B not far behind at 13.22%.
NOK
- 1D
- 5.04%
- 1M
- 6.09%
- YTD
- 130.99%
- 6M
- 138.36%
- 1Y
- 192.75%
- 3Y*
- 58.70%
- 5Y*
- 25.23%
- 10Y*
- 13.24%
BRK-B
- 1D
- 0.71%
- 1M
- 1.36%
- YTD
- -2.67%
- 6M
- -2.06%
- 1Y
- 0.35%
- 3Y*
- 13.30%
- 5Y*
- 11.27%
- 10Y*
- 13.22%
NOK vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOK Nokia Corporation | 130.99% | 50.85% | 34.33% | -23.97% | -24.44% | 59.08% | 5.39% | -34.91% | 30.04% | -0.22% |
BRK-B Berkshire Hathaway Inc. | -2.67% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between NOK and BRK-B is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 9, 1996 | 0.30 |
Over the past year, the correlation between NOK and BRK-B has dropped to 0.07 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
NOK:
$84.70B
BRK-B:
$1.06T
NOK:
€0.14
BRK-B:
$33.62
NOK:
89.22
BRK-B:
14.55
NOK:
3.04
BRK-B:
0.56
NOK:
3.55
BRK-B:
2.81
NOK:
3.46
BRK-B:
1.45
NOK:
€20.00B
BRK-B:
$375.39B
NOK:
€8.82B
BRK-B:
$94.36B
NOK:
€2.24B
BRK-B:
$71.92B
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Return for Risk
NOK vs. BRK-B — Risk / Return Rank
NOK
BRK-B
NOK vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) 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.
| NOK | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.01 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 7.64 | -0.02 | +7.66 |
| Martin ratioReturn relative to average drawdown | 15.38 | -0.05 | +15.43 |
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Drawdowns
NOK vs. BRK-B - Drawdown Comparison
The maximum NOK drawdown since its inception was -95.99%, 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 NOK and BRK-B.
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Drawdown Indicators
| NOK | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.99% | -53.86% | -42.13% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -9.42% | -15.03% |
Max Drawdown (3Y)Largest decline over 3 years | -29.74% | -14.95% | -14.79% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -26.58% | -23.98% |
Max Drawdown (10Y)Largest decline over 10 years | -62.56% | -29.57% | -32.99% |
Current DrawdownCurrent decline from peak | -50.10% | -9.36% | -40.74% |
Average DrawdownAverage peak-to-trough decline | -64.85% | -11.07% | -53.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.22% | 4.53% | +7.69% |
Volatility
NOK vs. BRK-B - Volatility Comparison
Nokia Corporation (NOK) has a higher volatility of 24.75% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that NOK'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
| NOK | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.75% | 3.95% | +20.80% |
Volatility (6M)Calculated over the trailing 6-month period | 41.33% | 10.78% | +30.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.49% | 14.38% | +39.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.14% | 17.12% | +20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.54% | 19.44% | +21.10% |
Dividends
NOK vs. BRK-B - Dividend Comparison
NOK's dividend yield for the trailing twelve months is around 1.11%, while BRK-B has not paid dividends to shareholders.
| 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% |
NOK Nokia Corporation | 1.11% | 2.45% | 3.17% | 3.51% | 1.32% | 0.00% | 0.00% | 3.01% | 4.06% | 4.07% | 6.02% | 2.22% |
Financials
NOK vs. BRK-B - Financials Comparison
This section allows you to compare key financial metrics between Nokia Corporation 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
NOK vs. BRK-B - Profitability Comparison
NOK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a gross profit of 1.99B and revenue of 4.50B. Therefore, the gross margin over that period was 44.2%.
BRK-B - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
NOK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported an operating income of 63.00M and revenue of 4.50B, resulting in an operating margin of 1.4%.
BRK-B - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Berkshire Hathaway Inc. reported an operating income of 15.05B and revenue of 93.68B, resulting in an operating margin of 16.1%.
NOK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a net income of 86.00M and revenue of 4.50B, resulting in a net margin of 1.9%.
BRK-B - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
NOK and BRK-B have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOK has higher volatility (24.75%) compared to BRK-B (3.95%). In terms of maximum drawdown, NOK dropped -95.99% vs BRK-B's -53.86%.
NOK currently has the higher Sharpe Ratio (3.49 vs -0.02), 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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