BRK-B vs. FLPSX

Last updated Jun 9, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while FLPSX (Fidelity Low-Priced Stock Fund) is Mid Cap Value Equities fund managed by Fidelity. Over the past 10 years, BRK-B returned 13.14%/yr vs 10.67%/yr for FLPSX. At a 0.50 correlation, their price movements are largely independent.

Performance

BRK-B vs. FLPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and Fidelity Low-Priced Stock Fund (FLPSX). 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 FLPSX's 8.78% return. Over the past 10 years, BRK-B has outperformed FLPSX with an annualized return of 13.14%, while FLPSX has yielded a comparatively lower 10.67% 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%

FLPSX

• 1D: -1.30%
• 1M: -0.09%
• YTD: 8.78%
• 6M: 10.09%
• 1Y: 19.88%
• 3Y*: 14.66%
• 5Y*: 8.02%
• 10Y*: 10.67%

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

BRK-B vs. FLPSX - 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%
FLPSX Fidelity Low-Priced Stock Fund	8.78%	14.69%	7.23%	14.41%	-5.69%	24.46%	9.34%	25.75%	-10.80%	18.88%

Correlation

The correlation between BRK-B and FLPSX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 9, 1996	0.50

Over the past year, the correlation between BRK-B and FLPSX has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

BRK-B vs. FLPSX — 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

FLPSX

FLPSX Risk / Return Rank: 37
FLPSX Sharpe Ratio Rank: 36
FLPSX Sortino Ratio Rank: 37
FLPSX Omega Ratio Rank: 34
FLPSX Calmar Ratio Rank: 42
FLPSX Martin Ratio Rank: 38

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. FLPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity Low-Priced Stock Fund (FLPSX). 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	FLPSX	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.66	-1.76
Sortino ratio: Return per unit of downside risk	-0.03	2.44	-2.47
Omega ratio: Gain probability vs. loss probability	1.00	1.30	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.14	2.37	-2.51
Martin ratio: Return relative to average drawdown	-0.30	8.05	-8.35
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. FLPSX - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.09, which is lower than the FLPSX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of BRK-B and FLPSX, 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	FLPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	1.66	-1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.47	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.62	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.85	-0.36

Drawdowns

BRK-B vs. FLPSX - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, roughly equal to the maximum FLPSX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for BRK-B and FLPSX.

Drawdown Indicators

	BRK-B	FLPSX	Difference
Max Drawdown Largest peak-to-trough decline	-53.86%	-54.81%	+0.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-8.87%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-17.66%	+2.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-18.76%	-7.82%
Max Drawdown (10Y) Largest decline over 10 years	-29.57%	-38.16%	+8.59%
Current Drawdown Current decline from peak	-9.78%	-1.30%	-8.48%
Average Drawdown Average peak-to-trough decline	-11.07%	-5.66%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	2.61%	+1.88%

Volatility

BRK-B vs. FLPSX - Volatility Comparison

Berkshire Hathaway Inc. (BRK-B) has a higher volatility of 3.98% compared to Fidelity Low-Priced Stock Fund (FLPSX) at 3.28%. This indicates that BRK-B's price experiences larger fluctuations and is considered to be riskier than FLPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRK-B	FLPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.28%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	8.96%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	12.63%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	17.20%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	17.36%	+2.08%

Dividends

BRK-B vs. FLPSX - Dividend Comparison

BRK-B has not paid dividends to shareholders, while FLPSX's dividend yield for the trailing twelve months is around 12.21%.

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%
FLPSX Fidelity Low-Priced Stock Fund	12.21%	13.28%	16.24%	18.29%	9.45%	12.11%	11.14%	8.14%	13.45%	7.45%	4.85%	4.04%

Frequently Asked Questions

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

BRK-B and FLPSX have a correlation of 0.29, 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 FLPSX?

BRK-B has higher volatility (3.98%) compared to FLPSX (3.28%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FLPSX's -54.81%.

Which has better risk-adjusted returns?

FLPSX currently has the higher Sharpe Ratio (1.66 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.