UYG vs. BRK-B

Last updated Jun 23, 2026

UYG (ProShares Ultra Financials) is Leveraged Equities fund tracking the Dow Jones U.S. Financials Index (200%), while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, UYG returned 18.48%/yr vs 13.34%/yr for BRK-B. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

UYG vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Financials (UYG) 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, UYG achieves a -5.99% return, which is significantly lower than BRK-B's -2.78% return. Over the past 10 years, UYG has outperformed BRK-B with an annualized return of 18.48%, while BRK-B has yielded a comparatively lower 13.34% annualized return.

UYG

• 1D: 1.09%
• 1M: 7.18%
• YTD: -5.99%
• 6M: -7.78%
• 1Y: 9.25%
• 3Y*: 31.13%
• 5Y*: 12.26%
• 10Y*: 18.48%

BRK-B

• 1D: -0.16%
• 1M: 0.47%
• YTD: -2.78%
• 6M: -2.25%
• 1Y: 0.79%
• 3Y*: 13.38%
• 5Y*: 12.21%
• 10Y*: 13.34%

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

UYG vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UYG ProShares Ultra Financials	-5.99%	19.77%	55.71%	22.14%	-32.11%	76.26%	-20.32%	66.15%	-22.61%	39.28%
BRK-B Berkshire Hathaway Inc.	-2.78%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between UYG and BRK-B is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.72

Over the past year, the correlation between UYG and BRK-B has dropped to 0.51 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

UYG vs. BRK-B — Risk / Return Rank

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

UYG

UYG Risk / Return Rank: 12
UYG Sharpe Ratio Rank: 13
UYG Sortino Ratio Rank: 13
UYG Omega Ratio Rank: 13
UYG Calmar Ratio Rank: 12
UYG Martin Ratio Rank: 12

BRK-B

BRK-B Risk / Return Rank: 40
BRK-B Sharpe Ratio Rank: 44
BRK-B Sortino Ratio Rank: 36
BRK-B Omega Ratio Rank: 35
BRK-B Calmar Ratio Rank: 44
BRK-B Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.

	UYG	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.06	+0.26
Sortino ratio: Return per unit of downside risk	0.62	0.17	+0.45
Omega ratio: Gain probability vs. loss probability	1.08	1.02	+0.06
Calmar ratio: Return relative to maximum drawdown	0.32	0.08	+0.24
Martin ratio: Return relative to average drawdown	0.76	0.17	+0.58

UYG vs. BRK-B - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is 0.32, which is higher than the BRK-B Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of UYG 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.

Drawdowns

UYG vs. BRK-B - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, 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 UYG and BRK-B.

Drawdown Indicators

	UYG	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-53.86%	-44.04%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-9.42%	-19.49%
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	-14.95%	-15.40%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	-26.58%	-21.19%
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	-29.57%	-40.41%
Current Drawdown Current decline from peak	-11.21%	-9.47%	-1.74%
Average Drawdown Average peak-to-trough decline	-63.23%	-11.07%	-52.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.25%	4.57%	+7.68%

Volatility

UYG vs. BRK-B - Volatility Comparison

ProShares Ultra Financials (UYG) has a higher volatility of 8.17% compared to Berkshire Hathaway Inc. (BRK-B) at 3.68%. This indicates that UYG'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

	UYG	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.17%	3.68%	+4.49%
Volatility (6M) Calculated over the trailing 6-month period	22.51%	10.60%	+11.91%
Volatility (1Y) Calculated over the trailing 1-year period	29.25%	14.39%	+14.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.14%	17.10%	+19.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	19.44%	+21.63%

Dividends

UYG vs. BRK-B - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 12.43%, 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%
UYG ProShares Ultra Financials	12.43%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

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

UYG and BRK-B have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UYG or BRK-B?

UYG has higher volatility (8.17%) compared to BRK-B (3.68%). In terms of maximum drawdown, UYG dropped -97.90% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

UYG currently has the higher Sharpe Ratio (0.32 vs 0.06), 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.