UPST vs. BRK-B

Last updated Apr 2, 2026

Compare and contrast key facts about Upstart Holdings, Inc. (UPST) and Berkshire Hathaway Inc. (BRK-B).

Performance

UPST vs. BRK-B - Performance Comparison

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

UPST vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UPST Upstart Holdings, Inc.	-42.01%	-28.98%	50.69%	209.08%	-91.26%	271.29%	38.28%
BRK-B Berkshire Hathaway Inc.	-4.80%	10.89%	27.09%	15.46%	3.31%	28.95%	4.49%

Fundamentals

Market Cap UPST : $2.85B BRK-B : $1.03T
EPS UPST : $0.50 BRK-B : $31.03
PE Ratio UPST : 51.22 BRK-B : 15.42
PEG Ratio UPST : 0.22 BRK-B : 0.60
PS Ratio UPST : 2.63 BRK-B : 2.78
PB Ratio UPST : 3.56 BRK-B : 1.44
Total Revenue (TTM) UPST : $1.04B BRK-B : $371.37B
Gross Profit (TTM) UPST : $700.93M BRK-B : $116.89B
EBITDA (TTM) UPST : $72.99M BRK-B : $87.30B

Returns By Period

In the year-to-date period, UPST achieves a -42.01% return, which is significantly lower than BRK-B's -4.80% return.

UPST

• 1D: -1.13%
• 1M: -10.33%
• YTD: -42.01%
• 6M: -51.35%
• 1Y: -44.87%
• 3Y*: 16.86%
• 5Y*: -29.37%
• 10Y*: —

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

UPST vs. BRK-B — Risk / Return Rank

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

UPST

UPST Risk / Return Rank: 18
UPST Sharpe Ratio Rank: 15
UPST Sortino Ratio Rank: 18
UPST Omega Ratio Rank: 19
UPST Calmar Ratio Rank: 19
UPST Martin Ratio Rank: 19

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.

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

This table presents a comparison of risk-adjusted performance metrics for Upstart Holdings, Inc. (UPST) 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.

	UPST	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	-0.59	-0.56	-0.03
Sortino ratio Return per unit of downside risk	-0.52	-0.65	+0.13
Omega ratio Gain probability vs. loss probability	0.94	0.91	+0.02
Calmar ratio Return relative to maximum drawdown	-0.63	-0.68	+0.05
Martin ratio Return relative to average drawdown	-1.16	-1.16	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPST vs. BRK-B - Sharpe Ratio Comparison

The current UPST Sharpe Ratio is -0.59, which is comparable to the BRK-B Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of UPST 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

	UPST	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	-0.56	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.77	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.48	-0.51

Correlation

The correlation between UPST and BRK-B is 0.21, 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

UPST vs. BRK-B - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

UPST vs. BRK-B - Drawdown Comparison

The maximum UPST drawdown since its inception was -96.90%, 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 UPST and BRK-B.

Drawdown Indicators

	UPST	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-96.90%	-53.86%	-43.04%
Max Drawdown (1Y) Largest decline over 1 year	-71.21%	-14.95%	-56.26%
Max Drawdown (5Y) Largest decline over 5 years	-96.90%	-26.58%	-70.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-93.50%	-11.36%	-82.14%
Average Drawdown Average peak-to-trough decline	-75.64%	-11.07%	-64.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.82%	8.72%	+30.10%

Volatility

UPST vs. BRK-B - Volatility Comparison

Upstart Holdings, Inc. (UPST) has a higher volatility of 17.58% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that UPST'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

	UPST	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.58%	4.33%	+13.25%
Volatility (6M) Calculated over the trailing 6-month period	50.08%	11.14%	+38.94%
Volatility (1Y) Calculated over the trailing 1-year period	76.79%	18.30%	+58.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.43%	17.20%	+88.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.19%	19.45%	+95.74%

Financials

UPST vs. BRK-B - Profitability Comparison

The chart below illustrates the profitability comparison between Upstart Holdings, Inc. and Berkshire Hathaway Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

UPST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Upstart Holdings, Inc. reported a gross profit of 0.00 and revenue of 280.28M. Therefore, the gross margin over that period was 0.0%.

BRK-B - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Berkshire Hathaway Inc. reported a gross profit of 21.68B and revenue of 94.23B. Therefore, the gross margin over that period was 23.0%.

UPST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Upstart Holdings, Inc. reported an operating income of 18.92M and revenue of 280.28M, resulting in an operating margin of 6.8%.

BRK-B - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Berkshire Hathaway Inc. reported an operating income of 13.65B and revenue of 94.23B, resulting in an operating margin of 14.5%.

UPST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Upstart Holdings, Inc. reported a net income of 18.64M and revenue of 280.28M, resulting in a net margin of 6.7%.

BRK-B - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Berkshire Hathaway Inc. reported a net income of 19.20B and revenue of 94.23B, resulting in a net margin of 20.4%.