BRK-B vs. FCNTX
BRK-B (Berkshire Hathaway Inc.) is a stock, while FCNTX (Fidelity Contrafund) is Large Cap Growth Equities fund managed by Fidelity. Over the past 10 years, BRK-B returned 13.14%/yr vs 17.20%/yr for FCNTX. At a 0.47 correlation, their price movements are largely independent.
Performance
BRK-B vs. FCNTX - 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 FCNTX's 6.03% return. Over the past 10 years, BRK-B has underperformed FCNTX with an annualized return of 13.14%, while FCNTX has yielded a comparatively higher 17.20% 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%
FCNTX
- 1D
- -2.98%
- 1M
- 0.19%
- YTD
- 6.03%
- 6M
- 6.20%
- 1Y
- 19.84%
- 3Y*
- 26.22%
- 5Y*
- 14.50%
- 10Y*
- 17.20%
BRK-B vs. FCNTX - 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% |
FCNTX Fidelity Contrafund | 6.03% | 21.76% | 36.00% | 38.67% | -28.31% | 24.52% | 32.48% | 30.00% | -3.81% | 32.18% |
Correlation
The correlation between BRK-B and FCNTX 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 10, 1996 | 0.47 |
Over the past year, the correlation between BRK-B and FCNTX has dropped to 0.07 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
BRK-B vs. FCNTX — Risk / Return Rank
BRK-B
FCNTX
BRK-B vs. FCNTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity Contrafund (FCNTX). 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 | FCNTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.89 | -2.03 |
| Martin ratioReturn relative to average drawdown | -0.30 | 8.00 | -8.29 |
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 | FCNTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.49 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.76 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.88 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.77 | -0.29 |
Drawdowns
BRK-B vs. FCNTX - Drawdown Comparison
The maximum BRK-B drawdown since its inception was -53.86%, which is greater than FCNTX's maximum drawdown of -49.19%. Use the drawdown chart below to compare losses from any high point for BRK-B and FCNTX.
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Drawdown Indicators
| BRK-B | FCNTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.86% | -49.19% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -11.30% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -19.75% | +4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -32.59% | +6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -32.59% | +3.02% |
Current DrawdownCurrent decline from peak | -9.78% | -2.98% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -8.16% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 2.66% | +1.83% |
Volatility
BRK-B vs. FCNTX - Volatility Comparison
The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.98%, while Fidelity Contrafund (FCNTX) has a volatility of 4.35%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than FCNTX 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 | FCNTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.35% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 10.93% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 14.35% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 19.19% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 19.70% | -0.26% |
Dividends
BRK-B vs. FCNTX - Dividend Comparison
BRK-B has not paid dividends to shareholders, while FCNTX's dividend yield for the trailing twelve months is around 4.40%.
| 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% |
FCNTX Fidelity Contrafund | 4.40% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
Frequently Asked Questions
BRK-B and FCNTX 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.
FCNTX has higher volatility (4.35%) compared to BRK-B (3.98%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FCNTX's -49.19%.
FCNTX currently has the higher Sharpe Ratio (1.49 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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