UYG vs. BRK-B

Last updated Aug 2, 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 18.46%/yr vs 13.57%/yr for BRK-B. Their 0.71 correlation means they have sometimes moved together and sometimes differently.

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 4.93% return, which is significantly higher than BRK-B's 1.77% return. Over the past 10 years, UYG has outperformed BRK-B with an annualized return of 18.46%, while BRK-B has yielded a comparatively lower 13.57% annualized return.

UYG

• 1D: -0.08%
• 1M: 4.45%
• 6M: 11.10%
• YTD: 4.93%
• 1Y: 17.13%
• 3Y*: 29.68%
• 5Y*: 13.85%
• 10Y*: 18.46%
• ALL TIME*: 0.73%

BRK-B

• 1D: 0.36%
• 1M: 0.74%
• 6M: 6.45%
• YTD: 1.77%
• 1Y: 8.18%
• 3Y*: 13.24%
• 5Y*: 12.95%
• 10Y*: 13.57%
• ALL TIME*: 10.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRK-B Berkshire Hathaway Inc.	$2.04B	$2.04B	$2.42B
UYG ProShares Ultra Financials	$2.19M	$2.00M	$1.41M

UYG vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UYG ProShares Ultra Financials	4.93%	19.77%	55.71%	22.14%	-32.11%	76.26%	-20.32%	66.15%	-22.61%	39.28%
BRK-B Berkshire Hathaway Inc.	1.77%	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 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.71

Over the past year, the correlation between UYG and BRK-B has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

UYG vs. BRK-B — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UYG

UYG Risk / Return Rank: 20
UYG Sharpe Ratio Rank: 21
UYG Sortino Ratio Rank: 22
UYG Omega Ratio Rank: 22
UYG Calmar Ratio Rank: 19
UYG Martin Ratio Rank: 18

BRK-B

BRK-B Risk / Return Rank: 61
BRK-B Sharpe Ratio Rank: 65
BRK-B Sortino Ratio Rank: 56
BRK-B Omega Ratio Rank: 55
BRK-B Calmar Ratio Rank: 65
BRK-B Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	0.45	0.57	-0.13
Sortino ratio: Return per unit of downside risk	0.78	0.89	-0.11
Omega ratio: Gain probability vs. loss probability	1.10	1.11	-0.01
Calmar ratio: Return relative to maximum drawdown	0.45	0.90	-0.44
Martin ratio: Return relative to average drawdown	1.06	1.88	-0.82

UYG vs. BRK-B - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is 0.45, which is comparable to the BRK-B Sharpe Ratio of 0.57. 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	-2.23%	-5.24%	+3.01%
Average Drawdown Average peak-to-trough decline	-62.90%	-11.06%	-51.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.35%	4.49%	+7.86%

Volatility

UYG vs. BRK-B - Volatility Comparison

ProShares Ultra Financials (UYG) has a higher volatility of 8.12% compared to Berkshire Hathaway Inc. (BRK-B) at 4.59%. 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	8.12%	4.59%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	11.13%	+11.13%
Volatility (1Y) Calculated over the trailing 1-year period	29.46%	14.79%	+14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.02%	17.12%	+18.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.91%	19.42%	+21.49%

Dividends

UYG vs. BRK-B - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 11.12%, 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	11.12%	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 0.48, 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 (8.12%) compared to BRK-B (4.59%). In terms of maximum drawdown, UYG dropped -97.90% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (0.57 vs 0.45), 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.