UNH vs. BRK-A
UNH (UnitedHealth Group Incorporated) and BRK-A (Berkshire Hathaway Inc.) are both stocks. UNH operates in Healthcare Plans (Healthcare), while BRK-A operates in Insurance - Diversified (Financial Services). Over the past 10 years, UNH returned 13.15%/yr vs 13.08%/yr for BRK-A. At a 0.25 correlation, their price movements are largely independent.
Performance
UNH vs. BRK-A - Performance Comparison
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Returns By Period
In the year-to-date period, UNH achieves a 24.12% return, which is significantly higher than BRK-A's -3.72% return. Both investments have delivered pretty close results over the past 10 years, with UNH having a 13.15% annualized return and BRK-A not far behind at 13.08%.
UNH
- 1D
- 1.78%
- 1M
- 7.00%
- YTD
- 24.12%
- 6M
- 26.61%
- 1Y
- 37.87%
- 3Y*
- -4.40%
- 5Y*
- 2.00%
- 10Y*
- 13.15%
BRK-A
- 1D
- -0.94%
- 1M
- 1.30%
- YTD
- -3.72%
- 6M
- -2.47%
- 1Y
- -1.85%
- 3Y*
- 12.47%
- 5Y*
- 10.90%
- 10Y*
- 13.08%
UNH vs. BRK-A - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 24.12% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
BRK-A Berkshire Hathaway Inc. | -3.72% | 10.85% | 25.49% | 15.77% | 4.00% | 29.57% | 2.42% | 10.98% | 2.82% | 21.91% |
Correlation
The correlation between UNH and BRK-A is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.25 |
The correlation between UNH and BRK-A shifts across timeframes, from 0.18 (3 years) to 0.36 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
UNH:
$369.98B
BRK-A:
$1567.59T
UNH:
$13.23
BRK-A:
$33.58
UNH:
30.74
BRK-A:
21.64K
UNH:
0.82
BRK-A:
4.18K
UNH:
3.56
BRK-A:
2.16K
UNH:
$449.71B
BRK-A:
$375.39B
UNH:
$84.55B
BRK-A:
$89.84B
UNH:
$22.99B
BRK-A:
$71.10B
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Return for Risk
UNH vs. BRK-A — Risk / Return Rank
UNH
BRK-A
UNH vs. BRK-A - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UnitedHealth Group Incorporated (UNH) and Berkshire Hathaway Inc. (BRK-A). 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.
| UNH | BRK-A | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.20 | +1.52 |
| Martin ratioReturn relative to average drawdown | 2.88 | -0.42 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UNH | BRK-A | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | -0.13 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.64 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.69 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.82 | -0.18 |
Drawdowns
UNH vs. BRK-A - Drawdown Comparison
The maximum UNH drawdown since its inception was -74.37%, which is greater than BRK-A's maximum drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for UNH and BRK-A.
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Drawdown Indicators
| UNH | BRK-A | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.37% | -51.47% | -22.90% |
Max Drawdown (1Y)Largest decline over 1 year | -28.96% | -9.12% | -19.84% |
Max Drawdown (3Y)Largest decline over 3 years | -61.39% | -14.43% | -46.96% |
Max Drawdown (5Y)Largest decline over 5 years | -61.39% | -25.98% | -35.41% |
Max Drawdown (10Y)Largest decline over 10 years | -61.39% | -30.43% | -30.96% |
Current DrawdownCurrent decline from peak | -32.60% | -10.21% | -22.39% |
Average DrawdownAverage peak-to-trough decline | -14.76% | -9.52% | -5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 4.41% | +8.78% |
Volatility
UNH vs. BRK-A - Volatility Comparison
UnitedHealth Group Incorporated (UNH) has a higher volatility of 8.29% compared to Berkshire Hathaway Inc. (BRK-A) at 3.94%. This indicates that UNH's price experiences larger fluctuations and is considered to be riskier than BRK-A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNH | BRK-A | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 3.94% | +4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 30.87% | 10.67% | +20.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.17% | 13.96% | +26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 17.18% | +14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 18.99% | +11.20% |
Dividends
UNH vs. BRK-A - Dividend Comparison
UNH's dividend yield for the trailing twelve months is around 2.17%, while BRK-A has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK-A 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% |
UNH UnitedHealth Group Incorporated | 2.17% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Financials
UNH vs. BRK-A - Financials Comparison
This section allows you to compare key financial metrics between UnitedHealth Group Incorporated 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
UNH vs. BRK-A - Profitability Comparison
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a gross profit of 25.41B and revenue of 111.72B. Therefore, the gross margin over that period was 22.7%.
BRK-A - 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 22.46B and revenue of 93.68B. Therefore, the gross margin over that period was 24.0%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported an operating income of 8.99B and revenue of 111.72B, resulting in an operating margin of 8.1%.
BRK-A - 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 12.14B and revenue of 93.68B, resulting in an operating margin of 13.0%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a net income of 6.28B and revenue of 111.72B, resulting in a net margin of 5.6%.
BRK-A - 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 10.11B and revenue of 93.68B, resulting in a net margin of 10.8%.
Frequently Asked Questions
UNH and BRK-A have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (8.29%) compared to BRK-A (3.94%). In terms of maximum drawdown, UNH dropped -74.37% vs BRK-A's -51.47%.
UNH currently has the higher Sharpe Ratio (0.95 vs -0.13), 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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