BRK-B vs. FAGIX

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while FAGIX (Fidelity Capital & Income Fund) is High Yield Bonds fund actively managed by Fidelity. Over the past 10 years, BRK-B returned 13.14%/yr vs 7.88%/yr for FAGIX. At a 0.35 correlation, their price movements are largely independent.

Performance

BRK-B vs. FAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than FAGIX's 6.93% return. Over the past 10 years, BRK-B has outperformed FAGIX with an annualized return of 13.14%, while FAGIX has yielded a comparatively lower 7.88% annualized return.

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%

FAGIX

• 1D: -1.47%
• 1M: 0.16%
• YTD: 6.93%
• 6M: 7.48%
• 1Y: 16.45%
• 3Y*: 12.79%
• 5Y*: 6.79%
• 10Y*: 7.88%

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

BRK-B vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FAGIX Fidelity Capital & Income Fund	6.93%	12.38%	10.69%	13.02%	-11.50%	11.13%	9.95%	18.96%	-7.17%	11.66%

Correlation

The correlation between BRK-B and FAGIX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 10, 1996	0.35

The correlation between BRK-B and FAGIX shifts across timeframes, from -0.00 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

BRK-B vs. FAGIX — Risk / Return Rank

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

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

FAGIX

FAGIX Risk / Return Rank: 87
FAGIX Sharpe Ratio Rank: 84
FAGIX Sortino Ratio Rank: 82
FAGIX Omega Ratio Rank: 82
FAGIX Calmar Ratio Rank: 92
FAGIX Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity Capital & Income Fund (FAGIX). 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.

	BRK-B	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	2.68	-2.77
Sortino ratio: Return per unit of downside risk	-0.03	3.80	-3.83
Omega ratio: Gain probability vs. loss probability	1.00	1.53	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.14	4.80	-4.94
Martin ratio: Return relative to average drawdown	-0.30	20.14	-20.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRK-B vs. FAGIX - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the FAGIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of BRK-B and FAGIX, 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

	BRK-B	FAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	2.68	-2.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	1.03	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	1.01	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.87	-0.39

Drawdowns

BRK-B vs. FAGIX - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than FAGIX's maximum drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for BRK-B and FAGIX.

Drawdown Indicators

	BRK-B	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-37.97%	-15.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-3.49%	-5.93%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-7.26%	-7.69%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-15.42%	-11.16%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-28.45%	-1.12%
Current Drawdown Current decline from peak	-9.78%	-1.47%	-8.31%
Average Drawdown Average peak-to-trough decline	-11.07%	-6.98%	-4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	0.83%	+3.66%

Volatility

BRK-B vs. FAGIX - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Fidelity Capital & Income Fund (FAGIX) at 2.35%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than FAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.35%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	5.09%	+5.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	6.25%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	6.62%	+10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	7.83%	+11.61%

Dividends

BRK-B vs. FAGIX - Dividend Comparison

BRK-B has not paid dividends to shareholders, while FAGIX's dividend yield for the trailing twelve months is around 4.49%.

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%
FAGIX Fidelity Capital & Income Fund	4.49%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%

Frequently Asked Questions

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

BRK-B and FAGIX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRK-B or FAGIX?

BRK-B has higher volatility (3.98%) compared to FAGIX (2.35%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FAGIX's -37.97%.

Which has better risk-adjusted returns?

FAGIX currently has the higher Sharpe Ratio (2.68 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.