FDVV vs. BRK-B

Last updated Jun 9, 2026

FDVV (Fidelity High Dividend ETF) is Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, FDVV returned 13.25%/yr vs 11.03%/yr for BRK-B. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

FDVV vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Dividend ETF (FDVV) 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, FDVV achieves a 7.59% return, which is significantly higher than BRK-B's -3.11% return.

FDVV

• 1D: -0.21%
• 1M: 1.68%
• YTD: 7.59%
• 6M: 7.85%
• 1Y: 22.32%
• 3Y*: 19.56%
• 5Y*: 13.25%
• 10Y*: —

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%

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

FDVV vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDVV Fidelity High Dividend ETF	7.59%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%
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 FDVV and BRK-B is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016	0.66

Over the past year, the correlation between FDVV and BRK-B has dropped to 0.25 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

FDVV vs. BRK-B — Risk / Return Rank

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

FDVV

FDVV Risk / Return Rank: 69
FDVV Sharpe Ratio Rank: 77
FDVV Sortino Ratio Rank: 78
FDVV Omega Ratio Rank: 77
FDVV Calmar Ratio Rank: 54
FDVV Martin Ratio Rank: 61

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) 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.

	FDVV	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.23	-0.09	+2.32
Sortino ratio: Return per unit of downside risk	3.12	-0.03	+3.14
Omega ratio: Gain probability vs. loss probability	1.41	1.00	+0.41
Calmar ratio: Return relative to maximum drawdown	2.41	-0.14	+2.55
Martin ratio: Return relative to average drawdown	10.00	-0.30	+10.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDVV vs. BRK-B - Sharpe Ratio Comparison

The current FDVV Sharpe Ratio is 2.23, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FDVV 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

	FDVV	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	-0.09	+2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.65	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.48	+0.31

Drawdowns

FDVV vs. BRK-B - Drawdown Comparison

The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for FDVV and BRK-B.

Drawdown Indicators

	FDVV	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-40.25%	-53.86%	+13.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-9.42%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.90%	-14.95%	-0.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.18%	-26.58%	+6.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-1.85%	-9.78%	+7.93%
Average Drawdown Average peak-to-trough decline	-3.80%	-11.07%	+7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	4.49%	-2.25%

Volatility

FDVV vs. BRK-B - Volatility Comparison

The current volatility for Fidelity High Dividend ETF (FDVV) is 2.96%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.98%. This indicates that FDVV 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.

Volatility by Period

	FDVV	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.98%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	10.87%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	14.38%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	17.13%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	19.44%	-2.45%

Dividends

FDVV vs. BRK-B - Dividend Comparison

FDVV's dividend yield for the trailing twelve months is around 2.74%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
FDVV Fidelity High Dividend ETF	2.74%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Frequently Asked Questions

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

FDVV and BRK-B have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDVV or BRK-B?

BRK-B has higher volatility (3.98%) compared to FDVV (2.96%). In terms of maximum drawdown, FDVV dropped -40.25% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

FDVV currently has the higher Sharpe Ratio (2.23 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.