BRK-B vs. FBND
BRK-B (Berkshire Hathaway Inc.) is a stock, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, BRK-B returned 13.14%/yr vs 2.47%/yr for FBND. At a correlation of -0.02, they often move in opposite directions.
Performance
BRK-B vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, BRK-B achieves a -3.11% return, which is significantly lower than FBND's 0.10% return. Over the past 10 years, BRK-B has outperformed FBND with an annualized return of 13.14%, while FBND has yielded a comparatively lower 2.47% 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%
FBND
- 1D
- -0.07%
- 1M
- -0.69%
- YTD
- 0.10%
- 6M
- 0.40%
- 1Y
- 5.34%
- 3Y*
- 4.60%
- 5Y*
- 0.68%
- 10Y*
- 2.47%
BRK-B vs. FBND - 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% |
FBND Fidelity Total Bond ETF | 0.10% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between BRK-B and FBND is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | -0.02 |
The correlation between BRK-B and FBND shifts across timeframes, from -0.02 (all time) to 0.11 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BRK-B vs. FBND — Risk / Return Rank
BRK-B
FBND
BRK-B vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.01 | -2.15 |
| Martin ratioReturn relative to average drawdown | -0.30 | 5.97 | -6.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRK-B | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.41 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.12 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.41 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.44 | +0.04 |
Drawdowns
BRK-B vs. FBND - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BRK-B and FBND.
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Drawdown Indicators
| BRK-B | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -17.25% | -36.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -2.66% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -5.94% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -17.25% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -17.25% | -12.32% |
Current DrawdownCurrent decline from peak | -9.78% | -1.82% | -7.96% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -3.35% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 0.90% | +3.59% |
Volatility
BRK-B vs. FBND - Volatility Comparison
Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Fidelity Total Bond ETF (FBND) at 1.23%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRK-B | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.23% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 2.75% | +8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 3.80% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 5.92% | +11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 6.10% | +13.34% |
Dividends
BRK-B vs. FBND - Dividend Comparison
BRK-B has not paid dividends to shareholders, while FBND's dividend yield for the trailing twelve months is around 4.72%.
| 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% |
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
BRK-B and FBND have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRK-B has higher volatility (3.98%) compared to FBND (1.23%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FBND's -17.25%.
FBND currently has the higher Sharpe Ratio (1.41 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.
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