BRK-B vs. FDVV

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Over the past 5 years, BRK-B returned 11.03%/yr vs 13.25%/yr for FDVV. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

BRK-B vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Fidelity High Dividend ETF (FDVV). 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 FDVV's 7.59% 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%

FDVV

• 1D: -0.21%
• 1M: 1.68%
• YTD: 7.59%
• 6M: 7.85%
• 1Y: 22.32%
• 3Y*: 19.56%
• 5Y*: 13.25%
• 10Y*: —

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

BRK-B vs. FDVV - 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%
FDVV Fidelity High Dividend ETF	7.59%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Correlation

The correlation between BRK-B and FDVV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.66

Over the past year, the correlation between BRK-B and FDVV has dropped to 0.25 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. FDVV — 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

FDVV

FDVV Risk / Return Rank: 69
FDVV Sharpe Ratio Rank: 77
FDVV Sortino Ratio Rank: 78
FDVV Omega Ratio Rank: 77
FDVV Calmar Ratio Rank: 54
FDVV Martin Ratio Rank: 61

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. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity High Dividend ETF (FDVV). 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	FDVV	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	2.23	-2.32
Sortino ratio: Return per unit of downside risk	-0.03	3.12	-3.14
Omega ratio: Gain probability vs. loss probability	1.00	1.41	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.14	2.41	-2.55
Martin ratio: Return relative to average drawdown	-0.30	10.00	-10.30
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. FDVV - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the FDVV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of BRK-B and FDVV, 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	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	2.23	-2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.90	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.79	-0.31

Drawdowns

BRK-B vs. FDVV - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for BRK-B and FDVV.

Drawdown Indicators

	BRK-B	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-40.25%	-13.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-9.30%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-15.90%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-20.18%	-6.40%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	—	—
Current Drawdown Current decline from peak	-9.78%	-1.85%	-7.93%
Average Drawdown Average peak-to-trough decline	-11.07%	-3.80%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	2.24%	+2.25%

Volatility

BRK-B vs. FDVV - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Fidelity High Dividend ETF (FDVV) at 2.96%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.96%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	8.08%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	10.07%	+4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	14.75%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	16.99%	+2.45%

Dividends

BRK-B vs. FDVV - Dividend Comparison

BRK-B has not paid dividends to shareholders, while FDVV's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
FDVV Fidelity High Dividend ETF	2.74%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Frequently Asked Questions

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

BRK-B and FDVV have a correlation of 0.25, 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 FDVV?

BRK-B has higher volatility (3.98%) compared to FDVV (2.96%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FDVV's -40.25%.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.23 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.