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BRK-B vs. FZROX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRK-B vs. FZROX

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while FZROX (Fidelity ZERO Total Market Index Fund) is Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, BRK-B returned 11.27%/yr vs 12.34%/yr for FZROX. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

BRK-B vs. FZROX - Performance Comparison

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

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Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly lower than FZROX's 9.14% return.

BRK-B

1D
0.71%
1M
0.77%
YTD
-2.67%
6M
-2.06%
1Y
-0.22%
3Y*
13.30%
5Y*
11.27%
10Y*
13.22%

FZROX

1D
1.90%
1M
0.00%
YTD
9.14%
6M
9.23%
1Y
24.28%
3Y*
20.84%
5Y*
12.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. FZROX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BRK-B
Berkshire Hathaway Inc.		-2.67%10.89%27.09%15.46%3.31%28.95%2.37%10.93%-0.16%
FZROX
Fidelity ZERO Total Market Index Fund		9.14%17.23%23.94%26.20%-19.21%26.00%20.51%31.15%-12.72%

Correlation

The correlation between BRK-B and FZROX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Aug 16, 2018

0.59

Over the past year, the correlation between BRK-B and FZROX has dropped to 0.12 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Berkshire Hathaway Inc.

Fidelity ZERO Total Market Index Fund

Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT
Often compared with FZROX:
FZROX vs. FXAIXFZROX vs. VTIFZROX vs. FNILXFZROX vs. FSKAXFZROX vs. FZILXFZROX vs. VOOFZROX vs. SPY

Return for Risk

BRK-B vs. FZROX — 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: 3939
Overall Rank
BRK-B Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3434
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3333
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 4242
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 4242
Martin Ratio Rank
FZROX
FZROX Risk / Return Rank: 7272
Overall Rank
FZROX Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
FZROX Sortino Ratio Rank: 6666
Sortino Ratio Rank
FZROX Omega Ratio Rank: 6666
Omega Ratio Rank
FZROX Calmar Ratio Rank: 7575
Calmar Ratio Rank
FZROX Martin Ratio Rank: 8484
Martin Ratio Rank
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. FZROX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and Fidelity ZERO Total Market Index Fund (FZROX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BRK-BFZROXDifference
Sharpe ratioReturn per unit of total volatility
-0.02
1.94

-1.95

Sortino ratioReturn per unit of downside risk
0.08
2.64

-2.56

Omega ratioGain probability vs. loss probability

1.01

1.35

-0.34

Calmar ratioReturn relative to maximum drawdown

-0.02

2.78

-2.81

Martin ratioReturn relative to average drawdown

-0.05

12.51

-12.56

BRK-B vs. FZROX - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is lower than the FZROX Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of BRK-B and FZROX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BRK-B vs. FZROX - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for BRK-B and FZROX.

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Drawdown Indicators

BRK-BFZROXDifference

Max Drawdown

Largest peak-to-trough decline

-53.86%

-34.96%

-18.90%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-8.89%

-0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-19.38%

+4.43%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-25.12%

-1.46%

Max Drawdown (10Y)

Largest decline over 10 years

-29.57%

—

—

Current Drawdown

Current decline from peak

-9.36%

-2.57%

-6.79%

Average Drawdown

Average peak-to-trough decline

-11.07%

-5.50%

-5.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

1.97%

+2.56%

Volatility

BRK-B vs. FZROX - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.66%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRK-BFZROXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.66%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

10.78%

9.98%

+0.80%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

12.76%

+1.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

17.51%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

20.14%

-0.70%

Dividends

BRK-B vs. FZROX - Dividend Comparison

BRK-B has not paid dividends to shareholders, while FZROX's dividend yield for the trailing twelve months is around 0.94%.

PositionTTM2025202420232022202120202019
BRK-B
Berkshire Hathaway Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FZROX
Fidelity ZERO Total Market Index Fund		0.94%1.02%1.16%1.36%1.57%1.25%1.27%1.51%

Frequently Asked Questions

BRK-B and FZROX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FZROX has higher volatility (4.66%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs FZROX's -34.96%.

FZROX currently has the higher Sharpe Ratio (1.94 vs -0.02), 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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