BF-B vs. FZROX

Last updated Aug 1, 2026

BF-B (Brown-Forman Corporation) is a stock, while FZROX (Fidelity ZERO Total Market Index Fund) is Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, BF-B returned -14.68%/yr vs 11.84%/yr for FZROX. Their 0.40 correlation means their historical movements had little consistent relationship.

Performance

BF-B vs. FZROX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown-Forman Corporation (BF-B) and Fidelity ZERO Total Market Index Fund (FZROX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BF-B achieves a 12.23% return, which is significantly higher than FZROX's 9.94% return.

BF-B

• 1D: -0.35%
• 1M: 9.82%
• 6M: 6.86%
• YTD: 12.23%
• 1Y: 3.33%
• 3Y*: -24.13%
• 5Y*: -14.68%
• 10Y*: -1.14%
• ALL TIME*: 12.92%

FZROX

• 1D: 1.64%
• 1M: -0.73%
• 6M: 8.29%
• YTD: 9.94%
• 1Y: 21.21%
• 3Y*: 18.70%
• 5Y*: 11.84%
• 10Y*: —
• ALL TIME*: 13.98%

*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)
BF-B Brown-Forman Corporation	$72.42M	$68.61M	$81.20M
FZROX Fidelity ZERO Total Market Index Fund	$0.00	$0.00	$0.00

BF-B vs. FZROX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BF-B Brown-Forman Corporation	12.23%	-29.29%	-32.23%	-11.91%	-8.86%	-6.07%	18.67%	43.78%	-10.71%
FZROX Fidelity ZERO Total Market Index Fund	9.94%	17.23%	23.94%	26.20%	-19.21%	26.00%	20.51%	31.15%	-12.72%

Correlation

The correlation between BF-B and FZROX is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.40

Over the past year, the correlation between BF-B and FZROX has dropped to 0.03 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

BF-B vs. FZROX — Risk / Return Rank

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

BF-B

BF-B Risk / Return Rank: 46
BF-B Sharpe Ratio Rank: 48
BF-B Sortino Ratio Rank: 43
BF-B Omega Ratio Rank: 43
BF-B Calmar Ratio Rank: 48
BF-B Martin Ratio Rank: 48

FZROX

FZROX Risk / Return Rank: 64
FZROX Sharpe Ratio Rank: 61
FZROX Sortino Ratio Rank: 58
FZROX Omega Ratio Rank: 58
FZROX Calmar Ratio Rank: 67
FZROX Martin Ratio Rank: 78

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.

BF-B vs. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown-Forman Corporation (BF-B) and Fidelity ZERO Total Market Index Fund (FZROX). 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.

	BF-B	FZROX	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.43	-1.35
Sortino ratio: Return per unit of downside risk	0.39	2.00	-1.61
Omega ratio: Gain probability vs. loss probability	1.05	1.26	-0.21
Calmar ratio: Return relative to maximum drawdown	0.12	2.12	-2.00
Martin ratio: Return relative to average drawdown	0.25	9.14	-8.90

BF-B vs. FZROX - Sharpe Ratio Comparison

The current BF-B Sharpe Ratio is 0.08, which is lower than the FZROX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of BF-B and FZROX, 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

BF-B vs. FZROX - Drawdown Comparison

The maximum BF-B drawdown since its inception was -68.96%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BF-B and FZROX.

Drawdown Indicators

	BF-B	FZROX	Difference
Max Drawdown Largest peak-to-trough decline	-68.96%	-34.96%	-34.00%
Max Drawdown (1Y) Largest decline over 1 year	-25.48%	-8.89%	-16.59%
Max Drawdown (3Y) Largest decline over 3 years	-65.52%	-19.38%	-46.14%
Max Drawdown (5Y) Largest decline over 5 years	-68.31%	-25.12%	-43.19%
Max Drawdown (10Y) Largest decline over 10 years	-68.96%	—	—
Current Drawdown Current decline from peak	-60.54%	-1.85%	-58.69%
Average Drawdown Average peak-to-trough decline	-11.78%	-5.43%	-6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.96%	2.06%	+9.90%

Volatility

BF-B vs. FZROX - Volatility Comparison

Brown-Forman Corporation (BF-B) has a higher volatility of 11.93% compared to Fidelity ZERO Total Market Index Fund (FZROX) at 3.43%. This indicates that BF-B's price experiences larger fluctuations and is considered to be riskier than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BF-B	FZROX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.93%	3.43%	+8.50%
Volatility (6M) Calculated over the trailing 6-month period	32.16%	10.34%	+21.82%
Volatility (1Y) Calculated over the trailing 1-year period	38.81%	13.19%	+25.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.48%	17.54%	+12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.31%	20.04%	+8.27%

Dividends

BF-B vs. FZROX - Dividend Comparison

BF-B's dividend yield for the trailing twelve months is around 3.20%, more than FZROX's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BF-B Brown-Forman Corporation	3.20%	3.49%	2.32%	1.46%	1.17%	2.37%	0.88%	0.99%	3.10%	1.09%	1.54%	1.29%
FZROX Fidelity ZERO Total Market Index Fund	0.93%	1.02%	1.16%	1.36%	1.57%	1.25%	1.27%	1.51%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BF-B and FZROX in my portfolio?

BF-B and FZROX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BF-B or FZROX?

BF-B has higher volatility (11.93%) compared to FZROX (3.43%). In terms of maximum drawdown, BF-B dropped -68.96% vs FZROX's -34.96%.

Which has better risk-adjusted returns?

FZROX currently has the higher Sharpe Ratio (1.43 vs 0.08), 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.