FDG vs. BRK-B

Last updated Jun 24, 2026

FDG (American Century Focused Dynamic Growth ETF) is Global Equities fund actively managed by American Century, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, FDG returned 9.81%/yr vs 12.33%/yr for BRK-B. At a 0.30 correlation, their price movements are largely independent.

Performance

FDG vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Focused Dynamic Growth ETF (FDG) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDG achieves a 2.10% return, which is significantly higher than BRK-B's -1.96% return.

FDG

• 1D: -1.60%
• 1M: -6.19%
• YTD: 2.10%
• 6M: 0.17%
• 1Y: 23.89%
• 3Y*: 26.18%
• 5Y*: 9.81%
• 10Y*: —

BRK-B

• 1D: 0.84%
• 1M: 1.32%
• YTD: -1.96%
• 6M: -1.54%
• 1Y: 1.03%
• 3Y*: 13.70%
• 5Y*: 12.33%
• 10Y*: 13.43%

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

FDG vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FDG American Century Focused Dynamic Growth ETF	2.10%	22.13%	45.89%	37.22%	-35.74%	8.52%	96.27%
BRK-B Berkshire Hathaway Inc.	-1.96%	10.89%	27.09%	15.46%	3.31%	28.95%	31.78%

Correlation

The correlation between FDG and BRK-B is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020	0.30

The correlation between FDG and BRK-B shifts across timeframes, from -0.06 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDG vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDG

FDG Risk / Return Rank: 35
FDG Sharpe Ratio Rank: 37
FDG Sortino Ratio Rank: 34
FDG Omega Ratio Rank: 34
FDG Calmar Ratio Rank: 32
FDG Martin Ratio Rank: 35

BRK-B

BRK-B Risk / Return Rank: 41
BRK-B Sharpe Ratio Rank: 45
BRK-B Sortino Ratio Rank: 36
BRK-B Omega Ratio Rank: 36
BRK-B Calmar Ratio Rank: 45
BRK-B Martin Ratio Rank: 45

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.

FDG vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Focused Dynamic Growth ETF (FDG) 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.

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.

	FDG	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.26	0.07	+1.18
Sortino ratio: Return per unit of downside risk	1.74	0.20	+1.54
Omega ratio: Gain probability vs. loss probability	1.22	1.02	+0.20
Calmar ratio: Return relative to maximum drawdown	1.53	0.11	+1.42
Martin ratio: Return relative to average drawdown	5.17	0.23	+4.94

FDG vs. BRK-B - Sharpe Ratio Comparison

The current FDG Sharpe Ratio is 1.26, which is higher than the BRK-B Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of FDG and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDG vs. BRK-B - Drawdown Comparison

The maximum FDG drawdown since its inception was -43.69%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FDG and BRK-B.

Drawdown Indicators

	FDG	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-43.69%	-53.86%	+10.17%
Max Drawdown (1Y) Largest decline over 1 year	-15.71%	-9.42%	-6.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.14%	-14.95%	-11.19%
Max Drawdown (5Y) Largest decline over 5 years	-43.69%	-26.58%	-17.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-8.01%	-8.71%	+0.70%
Average Drawdown Average peak-to-trough decline	-13.35%	-11.07%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.63%	4.57%	+0.06%

Volatility

FDG vs. BRK-B - Volatility Comparison

American Century Focused Dynamic Growth ETF (FDG) has a higher volatility of 8.15% compared to Berkshire Hathaway Inc. (BRK-B) at 3.75%. This indicates that FDG's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDG	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	3.75%	+4.40%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	10.63%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	14.39%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.87%	17.10%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	19.39%	+5.59%

Dividends

FDG vs. BRK-B - Dividend Comparison

Neither FDG nor BRK-B has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDG American Century Focused Dynamic Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%

Frequently Asked Questions

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

FDG and BRK-B have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDG or BRK-B?

FDG has higher volatility (8.15%) compared to BRK-B (3.75%). In terms of maximum drawdown, FDG dropped -43.69% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FDG currently has the higher Sharpe Ratio (1.26 vs 0.07), 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.