FBND vs. BRK-B
FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FBND returned 2.47%/yr vs 13.14%/yr for BRK-B. At a correlation of -0.02, they often move in opposite directions.
Performance
FBND vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.10% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, FBND has underperformed BRK-B with an annualized return of 2.47%, while BRK-B has yielded a comparatively higher 13.14% annualized return.
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
- 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 vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between FBND and BRK-B 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 FBND and BRK-B 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
FBND vs. BRK-B — Risk / Return Rank
FBND
BRK-B
FBND vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Berkshire Hathaway Inc. (BRK-B). 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.
| FBND | BRK-B | 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 | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.14 | +2.15 |
| Martin ratioReturn relative to average drawdown | 5.97 | -0.30 | +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
| FBND | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | -0.09 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.65 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.68 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.04 |
Drawdowns
FBND vs. BRK-B - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FBND and BRK-B.
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Drawdown Indicators
| FBND | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -53.86% | +36.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -9.42% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -14.95% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -26.58% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | -29.57% | +12.32% |
Current DrawdownCurrent decline from peak | -1.82% | -9.78% | +7.96% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -11.07% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 4.49% | -3.59% |
Volatility
FBND vs. BRK-B - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.23%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 3.98% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 10.87% | -8.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 14.38% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 17.13% | -11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 19.44% | -13.34% |
Dividends
FBND vs. BRK-B - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.72%, while BRK-B has not paid dividends to shareholders.
| 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
FBND and BRK-B 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, FBND dropped -17.25% vs BRK-B's -53.86%.
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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