URA vs. BRK-B

Last updated Jun 9, 2026

URA (Global X Uranium ETF) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, URA returned 15.57%/yr vs 13.14%/yr for BRK-B. At a 0.34 correlation, their price movements are largely independent.

Performance

URA vs. BRK-B - Performance Comparison

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

Returns By Period

In the year-to-date period, URA achieves a 7.47% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, URA has outperformed BRK-B with an annualized return of 15.57%, while BRK-B has yielded a comparatively lower 13.14% annualized return.

URA

• 1D: 1.35%
• 1M: -16.78%
• YTD: 7.47%
• 6M: 0.63%
• 1Y: 43.02%
• 3Y*: 33.80%
• 5Y*: 19.23%
• 10Y*: 15.57%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

URA vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URA Global X Uranium ETF	7.47%	67.18%	-0.58%	46.25%	-11.32%	57.57%	41.33%	-3.54%	-22.11%	19.36%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between URA and BRK-B is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 5, 2010	0.34

The correlation between URA and BRK-B shifts across timeframes, from -0.14 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

URA vs. BRK-B — Risk / Return Rank

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

URA

URA Risk / Return Rank: 28
URA Sharpe Ratio Rank: 26
URA Sortino Ratio Rank: 29
URA Omega Ratio Rank: 27
URA Calmar Ratio Rank: 34
URA Martin Ratio Rank: 25

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) 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.

	URA	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.85	-0.09	+0.94
Sortino ratio: Return per unit of downside risk	1.44	-0.03	+1.47
Omega ratio: Gain probability vs. loss probability	1.17	1.00	+0.17
Calmar ratio: Return relative to maximum drawdown	1.52	-0.14	+1.66
Martin ratio: Return relative to average drawdown	3.16	-0.30	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URA vs. BRK-B - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 0.85, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of URA and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URA	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	-0.09	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.65	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.68	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.48	-0.55

Drawdowns

URA vs. BRK-B - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, 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 URA and BRK-B.

Drawdown Indicators

	URA	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-53.86%	-39.68%
Max Drawdown (1Y) Largest decline over 1 year	-28.43%	-9.42%	-19.01%
Max Drawdown (3Y) Largest decline over 3 years	-37.81%	-14.95%	-22.86%
Max Drawdown (5Y) Largest decline over 5 years	-37.90%	-26.58%	-11.32%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	-29.57%	-31.88%
Current Drawdown Current decline from peak	-47.89%	-9.78%	-38.11%
Average Drawdown Average peak-to-trough decline	-74.99%	-11.07%	-63.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.66%	4.49%	+9.17%

Volatility

URA vs. BRK-B - Volatility Comparison

Global X Uranium ETF (URA) has a higher volatility of 16.85% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that URA'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

	URA	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.85%	3.98%	+12.87%
Volatility (6M) Calculated over the trailing 6-month period	39.19%	10.87%	+28.32%
Volatility (1Y) Calculated over the trailing 1-year period	51.23%	14.38%	+36.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.83%	17.13%	+26.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.84%	19.44%	+18.40%

Dividends

URA vs. BRK-B - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 4.54%, 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%
URA Global X Uranium ETF	4.54%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%

Frequently Asked Questions

Can I hold both URA and BRK-B in my portfolio?

URA and BRK-B have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URA or BRK-B?

URA has higher volatility (16.85%) compared to BRK-B (3.98%). In terms of maximum drawdown, URA dropped -93.54% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

URA currently has the higher Sharpe Ratio (0.85 vs -0.09), 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.