FDVLX vs. BRK-B

Last updated Jun 4, 2026

FDVLX (Fidelity Value Fund) is Mid Cap Value Equities fund managed by Fidelity, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, FDVLX returned 13.86%/yr vs 12.91%/yr for BRK-B. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

FDVLX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Value Fund (FDVLX) 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, FDVLX achieves a 16.84% return, which is significantly higher than BRK-B's -5.43% return. Over the past 10 years, FDVLX has outperformed BRK-B with an annualized return of 13.86%, while BRK-B has yielded a comparatively lower 12.91% annualized return.

FDVLX

• 1D: 0.31%
• 1M: 3.40%
• YTD: 16.84%
• 6M: 18.08%
• 1Y: 34.61%
• 3Y*: 25.65%
• 5Y*: 13.91%
• 10Y*: 13.86%

BRK-B

• 1D: 0.82%
• 1M: 1.46%
• YTD: -5.43%
• 6M: -5.61%
• 1Y: -4.51%
• 3Y*: 13.00%
• 5Y*: 10.20%
• 10Y*: 12.91%

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

FDVLX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVLX Fidelity Value Fund	16.84%	11.32%	30.11%	19.57%	-9.07%	35.30%	9.33%	31.68%	-17.58%	14.11%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between FDVLX and BRK-B 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	0.64
Correlation (All Time) Calculated using the full available price history since May 10, 1996	0.52

Over the past year, the correlation between FDVLX and BRK-B has dropped to 0.29 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

FDVLX vs. BRK-B — Risk / Return Rank

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

FDVLX

FDVLX Risk / Return Rank: 65
FDVLX Sharpe Ratio Rank: 61
FDVLX Sortino Ratio Rank: 61
FDVLX Omega Ratio Rank: 52
FDVLX Calmar Ratio Rank: 81
FDVLX Martin Ratio Rank: 72

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) 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.

	FDVLX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.29	-0.32	+2.61
Sortino ratio: Return per unit of downside risk	3.28	-0.34	+3.62
Omega ratio: Gain probability vs. loss probability	1.40	0.96	+0.44
Calmar ratio: Return relative to maximum drawdown	3.72	-0.48	+4.20
Martin ratio: Return relative to average drawdown	13.69	-1.02	+14.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVLX vs. BRK-B - Sharpe Ratio Comparison

The current FDVLX Sharpe Ratio is 2.29, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of FDVLX 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.

Sharpe Ratios by Period

	FDVLX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	-0.32	+2.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.60	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.67	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.48	+0.09

Drawdowns

FDVLX vs. BRK-B - Drawdown Comparison

The maximum FDVLX drawdown since its inception was -66.91%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FDVLX and BRK-B.

Drawdown Indicators

	FDVLX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-66.91%	-53.86%	-13.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-9.42%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-31.45%	-14.95%	-16.50%
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	-26.58%	-4.87%
Max Drawdown (10Y) Largest decline over 10 years	-48.66%	-29.57%	-19.09%
Current Drawdown Current decline from peak	0.00%	-11.94%	+11.94%
Average Drawdown Average peak-to-trough decline	-9.02%	-11.07%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.57%	-1.88%

Volatility

FDVLX vs. BRK-B - Volatility Comparison

Fidelity Value Fund (FDVLX) has a higher volatility of 4.19% compared to Berkshire Hathaway Inc. (BRK-B) at 3.75%. This indicates that FDVLX'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

	FDVLX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	3.75%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	10.68%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	14.33%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.55%	17.11%	+9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.19%	19.43%	+5.76%

Dividends

FDVLX vs. BRK-B - Dividend Comparison

FDVLX's dividend yield for the trailing twelve months is around 8.60%, 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%
FDVLX Fidelity Value Fund	8.60%	10.05%	33.05%	3.71%	7.08%	9.79%	0.98%	3.34%	16.25%	3.38%	1.26%	10.97%

Frequently Asked Questions

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

FDVLX and BRK-B 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, FDVLX or BRK-B?

FDVLX has higher volatility (4.19%) compared to BRK-B (3.75%). In terms of maximum drawdown, FDVLX dropped -66.91% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FDVLX currently has the higher Sharpe Ratio (2.29 vs -0.32), 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.